from C.P. Chandrasekhar and Jayati Ghosh Following the COP28 Summit, there is an attempt to establish that the conference was a significant step forward in the effort to address the causes and consequences of climate change. However, a reading of the actual outcome only illustrates how the resistance of the developed countries to own up to their historical responsibility as emitters is stalling the effort to combat climate change and manage the consequences of the changes already...

The Supreme Court needs to decide whether the 14th Amendment bars Trump from running for or serving as President again, and whether the President – and therefore Trump – enjoys broad criminal immunity for acts taken while in office.  These cases highlight the intrinsically political nature of the Court itself.  Many legal and political commentators believe that a unanimous decision is important for the country, and that consensus will be important...

Challenging Neoclassical Theory in Capitalism

Initial claims: the return of “almost nobody is getting laid off”  – by New Deal democrat We’re back to the virtuous scenario where almost nobody is getting laid off. Initial jobless claims for the last week of December declined -18,000 to 202,000, the lowest since October. More importantly, the 4-week average declined -4,750 to 207,750, the lowest since last January. With the usual one-week delay, continuing claims declined -31,000 to 1.855...

I have been reading Brown (2015). She acknowledges neoliberalism is difficult to define: "Three decades out, rich accounts by geographers, economists, political theorists, anthropologists, sociologists, philosophers, and historians grappling with these questions have established that neoliberalism is neither singular nor constant in its discursive formulations and material practices. This recognition exceeds the idea that a clumsy or inapt name is draped over a busy multiplicity; rather...

This is Part 1 of 2 of an article by Andy Kiersz of Business Insider. Rather than smash it altogether, I thought splitting it into two likely parts would improve the presentation on Angry Bear. Gen Z, Millennials Should Stop Complaining About Baby Boomers, Economy, business insider, Andy Kiersz Nostalgia might be one of the most powerful and enduring human emotions. Civilizations have always looked to a golden age in the past when times were...

Bad beliefs are like a disease in the body. If the disease is not eradicated, it will kill the body. That applies to bad economic understanding. 

Video and transcript.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismPredictions 2024Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

Episode 9 in our new Manga series – The Smith Family and their Adventures with Money – is now available. We are approaching the climax for Season 1.Have a bit of fun with it and circulate it to those who you think will benefit …William Mitchell — Modern Monetary TheoryThe Smith Family manga continues – Episode 9 is now availableBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

As I previously indicated I am returning to Europe and the UK in a few weeks for the first time since the Covid pandemic began. I will provide further details in due course, but for now, here is a link to the first event I will be speaking at in London on Friday, January 26, 2024 that is organised by the wonderful women from GIMMS. See over for details and how you can get tickets to the event.William Mitchell — Modern Monetary TheoryGIMMS London Event – Friday, January 26, 2024Bill Mitchell...