Two weeks ago, thousands of representatives from businesses and governments from across the world gathered in London to “support Ukraine’s recovery”. But was the gathering of all those Western corporate elites at the Ukraine Recovery Conference entirely altruistic? There are, after all, massive profit opportunities being created by the war.As Michael Hudson foresaw coming.UnherdThe capitalists are circling over UkraineThomas Fazi (co-author with Bill Mitchell of Reclaiming the State)

In 1978, during my postgraduate studies at the University of Melbourne I came up with the idea of a Job Guarantee – although I didn’t call it that then. I have written about it extensively since then and you can see some of the non-academic work published in this blog under the category – Job Guarantee. Among the many blog posts is this one – Some historical thinking about the Job Guarantee (February 25, 2021) – where I discuss some of the provenance of the idea. It is hard to get people...

This is another letter in a series I have been transcribing in which Marx discusses Capital. In this letter, he says one of the two best points in his book is his discussion of labor expressed in use value or in exchange value. Since I have not read (an english edition of) the first edition, I cannot be sure of my ground here. Apparently, Marx revised Chapter 1 quite extensively among editions. Anyways, I think this expression of labor gets at the distinction between concrete and abstract...

Is economics already pluralist? Some argue that economics as a science is already pluralist and that the critique of pluralists addresses a strawman. Newly emerged research areas such as behavioral economics are often presented as examples. Yet, to assess the argument that ‘economics is already pluralist’, one has to be explicit about the dimension and degree of plurality that is being considered … Considering the topical dimension of economics, for...

Blog Power to prosper NEF and the Runnymede Trust launch project to address the root causes of poverty, inequality and problem debt. 06 July 2023 Runnymede Trust and New Economics Foundation are pleased to announce that we are partnering on a three-year project to address the root causes of poverty,...

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Can architects and designers make a difference in the climate emergency? Carbon Upfront, Lloyd Alter, One prominent English architect says we should just shut up and draw, we don’t matter much anyway. I am single-minded when teaching sustainable design at Toronto Metropolitan University: it is all about carbon, carbon, carbon, the issue of our time. My students are urban, interior, and fashion designers in The Creative School at TMU....

Coronavirus update: mid year 2023  – by New Deal democrat I haven’t done an update on the state of COVID since March or April. As we are halfway through the year, and just past the July 4 holiday get-togethers that sparked summer waves in the past, let’s take a look. Covid isn’t gone, but it is very much in a lull. Almost all case tracking by governments is gone. But Biobot’s wastewater monitoring, which has been very reliable, continues....

[unable to retrieve full-text content]Its role always has been anti-democratic. Vested interests create “checks and balances” primarily to make political systems non-responsive to demands for social reform. Historically, therefore, the checks are politically unbalanced in practice. Instead of producing a happy medium, their effect often has been to check the power of the people to assert their interests at Continue Reading The post Should there really be a Supreme...

Infidel talks about the costly flops by the movie making behemoth executives and brought to us at our nearby Big Screen theater only to be disappointed and bored whichever comes first. Hopefully, there is good buttered popcorn . . . Infidel753: Cultural dinosaurs and creative exhaustion, Infidel753 Blog It’s no secret that American movies are in the doldrums.  By a recent estimate, all of Disney’s last eight big films flopped, losing a total...