I confess: I was disappointed when the Justin Trudeau Liberals won the fall 2015 election.  I was hoping for an orange break-through. So, it comes with some irony that I find myself defending the economic policy legacy of the Justin Trudeau Liberal government nine years hence. The acute drama that unfolded in December with the Finance Minister’s resignation ahead of a Skip-the-Dishes delivery of the 2024 Fall Economic Statement has been commanded by daily obituary writing by...

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...

Στο σημερινό φύλλο του ΠΡΙΝ (https://prin.gr/2025/01/4-5j/) περιέχεται άρθρο μου με τίτλο «Οι σκελετοί του ελληνικού καπιταλισμού – Απομυθοποιώντας τα οικονομικά θαύματα». Τα κείμενα σε εφημερίδες έχουν υποχρεωτικά συμπυκνωμένο χαρακτήρα. Παρακάτω ακολουθεί μία εκτενέστερη εκδοχή του. [embedded content] Δες αυτό το έγγραφο στο Scribd ΠΡΙΝ 5-1-2025 Ακόμη μια φορά για το θέατρο σκιών των πολιτικών διαχειριστών του ελληνικού καπιταλισμού Σταύρος Μαυρουδέας Καθηγητής...

Is "Greedflation" just a buzzword, or is it a symptom of a deeper economic problem? Join us in this insightful livestream as we explore the controversial topic of greedflation — the phenomenon where companies allegedly raise prices beyond their costs to boost profits. Resource Links: https://www.patreon.com/c/ProfSteveKeen/home https://www.patreon.com/c/relearningeconomics https://businessfilmbooth.com/ https://www.planksip.org/

[unable to retrieve full-text content]The current global economic and political landscape is increasingly unstable, driven by U.S. policies aimed at maintaining dominance through chaos. Key issues include energy crises, such as Europe's dependence on Russian gas, and rising geopolitical tensions involving BRICS nations and NATO. The U.S. sanctions strategy strains global energy markets and destabilizes debtor nations, while nationalist movements gain traction in Europe. With challenges like...

[embedded content]PS: A comment about it appeared in a recent Guardian editorial. There is too much optimism about Milei 'success' in containing inflation, but also a lot of misunderstanding why he managed, and whether it is sustainable.

I study economics as a hobby. My interests lie in Post Keynesianism, (Old) Institutionalism, and related paradigms. These seem to me to be approaches for understanding actually existing economies.The emphasis on this blog, however, is mainly critical of neoclassical and mainstream economics. I have been alternating numerical counter-examples with less mathematical posts. In any case, I have been documenting demonstrations of errors in mainstream economics. My chief inspiration here is the...

Figure 1: Variation of Switch Points with the Markup in the Corn Industry1.0 Introduction I have been re-creating some of my past analyses. The graphs in this post look a bit different because I impose a requirement that the relative markups sum to unity. 2.0 Technology Consider an economy which produces three commodities, iron, steel, and corn, with the technology specified in Table 1. Two processes are available for producing each commodity. The coefficients of production in a column...

Once again on the shadow playing of Greek capitalism Stavros Mavroudeas Professor of Political Economy Panteion University Diachronically, at the end of the year and with the parliamentary submission of the budget, it ‘rains’ with hypocritical publications where the incumbent government aggrandizes the economic situation. Accordingly, this year too, the right-wing New Democracy government is constructing a new ‘success story’ (as every previous government had done). And...