For those interested in Keynes and "Keynesianism," and Marx and "Marxism." Nathan Tankus displays  his characteristically impressive grasp of the subject he is analyzing. JacobinKeynes and the MarxistsNathan Tankus, MMT economist

Mainstream (neoclassical) economics has always put a strong emphasis on the positivist conception of the discipline, characterizing economists and their views as objective, unbiased, and non-ideological … Acknowledging that ideology resides quite comfortably in our economics departments would have huge intellectual implications, both theoretical and practical. In spite (or because?) of that, the matter has never been directly subjected to empirical scrutiny. In a recent study,...

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I guess first I advise you to read this timely reminder (I swear I was going to write that but was less timely). I am now going to discuss what I think should be done for the people who live in the Gaza strip. I know it won’t happen First I confess that roughly 20 years ago (the day Ariel Sharon was elected prime minister) I decided that the Israeli/Palestinian case was hopeless and tried to tune out — people are suffering — but many people...

Claudia Goldin won the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. I can write about her work. But here, I will be inspired by her work. One of the events she emphasizes is that women’s participation in the ‘GDP’ labor market became less after say 1860, as shown in the figure. Below I will investigate if this model (this is a model) can be used for the interpretation and analysis of my data on long-term agricultural development (yes, it can). The...

A note on Middle Eastern turmoil and gas and oil prices  – by New Deal democrat While we wait for producer and consumer inflation data later this week, here’s a note about gas prices. With the newest shock in the Middle East, conventional wisdom is that the price of oil and gas will spike. And maybe they will, but the truth is, because of the involvement of both market and geopolitical players, nobody really knows. Remember that Russia’s...

The guy might be a big hedge fund manager, but he’s clueless on how the financial system functions.

from Maria Alejandra Madi For instance, the growing quantity of legal proceedings pertaining to passivity on climate change represents a noteworthy advancement in the endeavour to safeguard the natural environment. The high-profile legal case known as the “Case of the Century” in France has garnered significant attention, as non-governmental organisations (NGOs) have levied accusations against the French state for its perceived inadequate efforts in addressing climate change....

Capitalism is BROKEN

MARX view on Capitalist society