Uncovering the Surplus Value of Labor

“Oh sheeeeeeeeeeit!”….  ???Argentina’s economy contracted more than expected in December as newly elected President Milei put in motion shock austerity measures https://t.co/HHMFKEqo1v— Bloomberg Economics (@economics) February 22, 2024

Debunking Flat Earth Theories

Solidarity Federation Francisco Nunes-Pereira and Mário Graça Moura. On the survival of a flawed theory of capital: mainstream economics and the Cambridge capital controversies, Cambridge Journal of Economics. Concludes mainstream economists continue to use flawed aggregate production functions because of an instrumentalist methodology and conformism. . Colin Rogers. Whitehead’s fallacy of misplaced concreteness and the unfortunate uselessness of all monetary-macro theory micro-founded...

Who owns your medical records? Gooz News, Merrill Goozner February 12, 2024 Hint: It’s not you. Nor do they belong to taxpayers, who paid for their collection. Merrill Goozner talks about Medical records. Merrill comments also offer up more detail about Lurie Hospital being hacked. Angry Bear had also covered the Lurie Hospital. Cyber thieves hacked their way into the computer system at Lurie Children’s Hospital in Chicago last week,...

Keynes visar vägen ut ur krisen Egentligen är det märkligt att den ekonomiska mainstreamteorins företrädare inget verkar vilja lära av historien och åter under senaste tiden stått tämligen handfallna inför den nuvarande ekonomiska krisens härjningar runtom i världen. Speciellt erfarenheterna av den stora depressionen under mellankrigstiden borde annars vara lärorika. Att den neoklassiska ekonomiska teorin stod handfallen när denna bröt ut i slutet på...

The bottoming process in existing home sales continues, as YoY price comparisons increase  – by New Deal democrat The bifurcation of the housing market between new and existing home components continues, as existing home sales continue near their bottom, but with a little improvement. Specifically, in January sales increased 120,000 on an annualized basis from an upwardly revised (by 80,000) 3.88 million to 4.00 million. This is the seventh...

.[embedded content] Listening to the choral music on Armonico Consort’s Naked Byrd Two anthology is an unending delight. One of my favourite albums.

This week Steve and Mike will be giving tutorials on how to use system dynamics to study economics. Mike will use Stella, and Steve will use Minsky. This should be a great way to get a basic understanding of how to model using system dynamics. Mikes YouTube Channel for more tutorials: https://www.youtube.com/@trendingcycles