Somewhere, there is a correlation between the two . . . The Atlantic and the Gulf of Mexico dockworker strikes are over. The strike by tens of thousands of dockworkers on the East and Gulf coasts has been called off, after the International Longshoremen’s Association and the U.S. Maritime Alliance, representing ocean carriers and port operators, reached a tentative agreement on wages. The two sides also agreed to extend the existing contract...

Remember, stick with the process.

– by New Deal democrat I wanted to follow up on a point I made yesterday: although manufacturing is no longer a big enough slice of the US economy to bring about an economic downturn on its own – unless for some reason the manufacturing downturn were unusually severe – when it is paired with a downturn in construction, that historically has been a reliable (but of course not perfect!) harbinger of recession. And while yesterday’s construction...

This was the only question and answer that mattered. The Times and various other news outlets are elsewhere on the topic of losing the 2020 Election. I remember William Saletan writing articles for Slate Magazine “The Fray” while I was in the comments section reading them and then doodahman;s comments picking Saletan’s commentary apart. William is picking up on an important topic which The Times and other news outlets are purposely ignoring....

1.0 Introduction This post illustrates a derivation of prices of production, based on certain properties of duality theory as applied to linear programming. I strive to be more concise and elementary than previous expositions. This exposition is based on John Roemer's Reproducible Solution (Analytical Foundations of Marxian Economic Theory, Cambridge University Press, 1981). You will find no utility maximization or supply and demand functions below. I have no need for such hypotheses....

With the simple insight that “labour without energy is a corpse, and capital without energy is a sculpture”, Steve Keen realised why economists have failed to properly incorporate the role of energy in production for so long.

The Tree of Life . [embedded content]

Wenn die Logik des Haushalts nicht die des Staates ist Im Februar 2024 kündigte die französische Regierung ein Sparpaket von 10 Mrd. € an, um das fiskalische Defizit zu senken. Politico berichtete: “Wir verdienen weniger, wir geben weniger aus”, sagt Finanzminister Bruno Le Maire. Diese Logik gilt zwar für einen Haushalt, aber nicht für eine nationale Regierung wie die von Frankreich. Warum? … Wenn Frankreich die Staatsausgaben kürzt und die anderen...

The recurring bleat of vaccine denialists is that COVID should be addressed through “herd immunity.” Well, OK, a vaccinated population has herd immunity, but that’s not what they mean. They mean herd immunity in the sense of the Black Plague—the people who didn’t die were immune.Apart from all the deaths caused by COVID infections in unvaccinated people, there’s the issue of long COVID. While its etiology is poorly understood, its reality is certain....

I am not sure I would call this similar to Chicago politics. Which is something I lived with or observed for a number of years. It is a bit of crooked mixed with a bit of silly. Read on . . . Low move by high court may nullify Arizona votes on Make Elections Fair Act, AZCentral The Make Elections Fair Act would flush Arizona’s partisan primary election system down the toilet. It will be on the ballot in November. And we all will vote on...