Documento 12-1-2025 Ξανά για το θέατρο σκιών του ελληνικού καπιταλισμού Σταύρος Μαυρουδέας Καθηγητής Πολιτικής Οικονομίας Πάντειο Πανεπιστήμιο Διαχρονικά στο τέλος της χρονιάς και με την κατάθεση του προϋπολογισμού «βρέχει» υποβολιμιαία δημοσιεύματα όπου η εκάστοτε κυβέρνηση ωραιοποιεί την οικονομική κατάσταση. Ανάλογα και εφέτος, η ΝΔ κατασκευάζει ένα νέο success story. Και πάλι ανάλογα η «αντιπολίτευση του βασιλέως» (κεντροαριστερή, ψευδο-αριστερή και ακροδεξιά)...

Figure 1: A Parameter Space1.0 Introduction I have been reconstructing some of my examples. The first example in this post is from here. I am thinking of writing a draft article, as mentioned here. While I am at it, I thought I would also work through the examples in Garegnani (1966) and Bruno, Burmeister & Sheshinski (1966), both from the symposium in the Quarterly Journal of Economics of that year. 2.0 The Emergence of the Reverse Substitution of Labor This section presents an...

[unable to retrieve full-text content]Trump has promoted a number of plans to make America strong – at other countries’ expense. Given his “we win; you lose” motto, some of his plans would produce the opposite effect of what he imagines. That would not be much of a change in U.S. policy. But I suggest that Hudson’s Law may be Continue Reading The post Weaponizing the US Dollar first appeared on Michael Hudson.

If you enjoyed this video, you might also like my most popular video, "Don't Study Economics, Study THIS Instead." https://www.youtube.com/watch?v=oO7iCv_NsPE -- Who is Dr. Steve Keen? Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is...

This week we have Douglas Dowell back for a second time to talk about the housing crisis seen across most developed nations. Good Links: https://www.patreon.com/c/ProfSteveKeen/home https://www.patreon.com/c/relearningeconomics https://businessfilmbooth.com/ https://www.planksip.org/ https://efequitygrp.com/

5.0 Fluke Cases This post is a continuation of this one. This is a numeric example of intensive rent. Here I present five fluke cases before depicting how the analysis of the choice of technique varies with the full range of relative markups in agriculture. 5.1 Switch Point at Maximum Scale Factor for Epsilon In the first fluke case, the wage curves for Alpha and Delta intersect at the maximum scale factor for the rate of profits for Delta (Figure 7). Figure 8 displays the graphs of the...

Figure 1: Variation of the Technique with the Markup in Agriculture1.0 Introduction This post is the start of a recreation of a previous post, with a requirement that relative markups lie on a simplex. These two posts are intended to explain Figure 1, above, which presents a summary of the results of the analysis of the choice of technique, given any level of the relative markup in agriculture, as compared with the relative markups in the non-agricultural industries. My presentation is...

This was my presentation at the Political Economy Research Institute (PERI) last summer. I was supposed to revise it, but never found the time. So it is now available on Substack. Fundamentally says that the current situation is very different than the debt crisis of the 1980s, and the period between the Tequila, in 94/95 and the Argentine Convertibility default in 2001/02.

Above, from On Biblical Subjects, by Robert Dodsley, a lift the flap illustrated manuscript circa 1720 (sold for £20,000 in 2021). Robert Dodsley's son - also named Robert Dodsley - published a volume of "Old English Plays" in 1744. In 1816, Charles Wentworth Dilke published volume two of his Old Plays, being a continuation of Dodsley's collection. Rodwell and Martin on Bond Street was the publisher. They also published Dilke's The Source and Remedy of the National Difficulties, deduced from...

Ramon Llul was a medieval scholar who invented social choice theory (specifically, the Borda count), as seen in a manuscript discovered in 2001(?). (Other discoveries.) A review of Steve Paxton's Unlearning Marx: Why Soviet Failure was a Triumph for Marx. Maybe I want to read this. Pierangelo Garegnani's Capital Theory, the Surplus Approach, and Effective Demand.