. . . called The Crisis of Democratic Capitalism, and he was interviewed by Rob Johnson on the Economics & Beyond podcast.  Here’s a quote from 50:20 in the pod (my transcription, done before I saw the official transcript at the link): Now a core thesis of my book . . . is that If you want a capitalist order, and if you want democracy . . . then you must accept that the free market will have to be contained within and tempered by an active...

If this happens, we can all retire in 2 years.

from Blair Fix We’re now in a position to look at the changing ideological landscape that is written in the English language. To quantify ideological change, I measure how the frequency of biblical/economics jargon has changed with time in the Google English corpus. Figure 10 shows my results. Here the blue line shows the annual frequency of biblical jargon. The red line shows the annual frequency of economics jargon. Note that the frequency is expressed per thousand words, so you can...

 At the ASSA in San Diego, before the pandemic It is hard to believe that Barkley has passed away. I met Barkley long ago, when I was still a PhD student in the 1990s, at the Eastern Economic Association Meeting, which still is one of the organizations that congregates both mainstream and heterodox economists with some degree of interaction. Perhaps the only such conference that still exists in the US. Barkley moved in between the mainstream and the heterodoxy. He should be seen, to a great...

 Krugman and the editors of ROKE  Paul Krugman's lecture, reflecting on the contributions of James Tobin is now published by the Review of Keynesian Economics. The paper can be downloaded here.

[unable to retrieve full-text content]Danny: Greetings everyone. [We] have two very special guests today. [This] is the first conversation of a series that we will be having on The Left Lens leading into the one year anniversary of the official beginning — or at least what the mainstream may say is the beginning — of the Ukraine proxy war — really Continue Reading The post The Hypocrisy Just Makes Me Cry first appeared on Michael Hudson.

Commentary from Letters from an American by commenter Fern McBride Will it last?’ (excerpts). The combination of a hiring boom and ebbing inflation has confounded forecasters, who’ve been warning of a recession, By David J. Lynch Whether the United States can keep defying the recession odds may depend on what happens in industries such as leisure and hospitality, health care and entertainment. These service businesses are enjoying a boomlet...

Recent events in Florida—the “Stop WOKE” Act, the rejection of AP African American Studies, the hostile takeover of New College—and the publication of an excellent op-ed about Diversity, Equity and Inclusion (DEI) in the Chronicle of Higher Education have me returning to a topic I blogged on several years ago, but in a new light.It was obvious, and I mean Emperor’s New Clothes obvious, right from the outset that DEI ideology was predicated on the flimsiest of foundations.  The confusion of...

When I was 10 years old I read the classic “Where the Red Fern Grows”. It’s a book about a young boy who adopts two dogs who eventually get into a fight with a mountain lion and die. I hated that book because it was the first time I was really confronted with the concept of death in a deeply emotional way. When I was 30 I was bike riding through the Englischer Gartens when I came across a flock of sheep. The sheep were at the edge of a road and one decided to cross the road in front...