Please click here to support this open-access journal and the WEA real-world economic review issue no. 106 download whole issue Special IssueHow can we construct an economics consistent with the biophysical limits to economic growth? Invitation 3 PART I – PARTIAL ANSWERS TO THE QUESTION Economics as if ecology matteredPeter Newell 5 An economic theory compatible with life processes and physical lawsJames Galbraith 13 Supporting well-being over time: Six kinds of capital required in a...

Industrial vs. Finance Capitalism Clash

I claim that what mainstream economists teach about what Keynes wrote is often false and nonsenical. Unfortunately, this is quite impressionistic in that I do not give examples of these misrepresentations. I am writing here only about the General Theory. I suppose some mainstream economists might respond that they do not teach about Keynes at all. Some say Keynes work was about policy, not theory. Keynes specifically says otherwise in the first sentences of the preface to his major work:...

Biden people still 3.5% above their “inflation!” target….Data last week indicated US inflation over the last six months likely returned to the Fed’s 2% target on an annualized basis. Figures out Friday are poised to make the achievement official https://t.co/CAVTfVK2EA— Bloomberg Economics (@economics) December 21, 2023 And circling the toilet bowl:CNBC: "Americans are giving President Biden TERRIBLE approval numbers — no matter how you look at it."Overall: 35%Economy: 33%Foreign Policy: 29%...

Mästarnas mästare har gått ur tiden En svensk fotbollslegendar har gått ur tiden. Zlatan i all ära, men för mig kommer alltid den här grabben att vara nummer ett. Bosse Larsson (1944-2023) spelade 16 säsonger i MFF. Han vann sex SM-guld och toppade skytteligan vid tre tillfällen. 1965 gjorde han 28 mål på 22 matcher. Bosse var — precis som yours truly — uppvuxen på Rosendalsvägen på Backarna i Malmö. Han sörjs av hela Malmö.

Watch the whole video for a surprise ending.

We Need to Protect Life

Survival Depends on Egalitarian Mars

In my lingo, existing home sales still down and mortgage rates for new homes still high. Builders are doing what they can do to encourage sales. New Deal democrat gives a clearer view and a hint of an outcome. Read on . . . Existing home sales try to find a bottom, while severe bifurcation with new home market continues  – by New Deal democrat Existing home sales rose 3,000 on a seasonally adjusted annualized basis in November. They are...

That Argentina is in for a major crisis is, I think, pretty clear and well-known. I won't delve too much on the political aspects of what Finchelstein refers to as wannabe Fascistic tendencies of the new president.  Today a major protest should take place, and the same people that suggested that Peronists groups forced the recipients of social transfers to participate (something that was never proved) under threat of being cutoff, are threatening to cutoff those that participate. You know,...