The Financialisation Hypothesis (FH) is very popular nowadays as a purportently radical explanation of contemporary capitalism. My lecture argues to the contrary. First, FH is not an exclusively radical perspective; on the contrary, there is a very vibrant mainstream economics’ financialisation current. Second, FH miscomprehends capitalism’s modus operandi because it fails to grasp properly its class structure and its mechanisms of exploitation. Third, FH erroneously rejects the Marxist...

Marxist critique of the Financialisation Hypothesis

Rename "debt" and "deficit" to reflect reality.The LensTrump's Executive Order to Rename Debt and DeficitsStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders

And all the sheep sell.

from Lars Syll Mainstream economists often hold the view that Keynes’ criticism of econometrics resulted from a sadly misinformed and misguided person who disliked and did not understand much of it. This is, however, nothing but a gross misapprehension. To be careful and cautious is not the same as to dislike. Keynes did not misunderstand the crucial issues at stake in the development of econometrics—quite the contrary. He knew them all too well and was not satisfied with the validity and...

You’re getting nothing out of DOGE, yet you are cheering.

I take the following long quote from Bohm-Bawerk. "The entire sum of originary productive forces at Crusoe’s disposal … is a day’s labor which we shall assume to be a 10-hour workday… Let us assume that the fruit harvest [is] enough to enable our castaway to gather the subsistence minimum in nine hours a day, and enough in 10 hours to furnish him with adequate sustenance for complete health and vigor... Crusoe now has a choice between two lines of conduct. One alternative is ... to...

If you are elated about the cuts and the fraud, you better think beyond that. 

Knapsack problem (student stuff) .[embedded content] And, yes, there is a strong connection between the knapsack problem and Bellman’s principle of optimality through dynamic programming, which leverages the principle of optimality to break the problem into smaller subproblems and build up the solution …

“It’s amazing.”“It’s incredible!”“Cool!”“Best book of 2024.”“This is an amazing and unique work of art.”“Your book is a thing of beauty and will be my joy forever. There’s something wonderful about a pop-up book in 2025.”“Excellent, Tom. Brilliant way to bring the text to life. Well done (as always)!”“It is not only beautiful and ingenious but itself a theoretical contribution.”“It's amazing, a lot of work!”“I love it!  What a creative and penetrating way to communicate Marx's core...