Search Results for: inflation
Rapid Money Supply Growth Does Not Cause Inflation
Neither do rapid growth in government debt, declining interest rates, or rapid Increases in a central bank’s balance sheet
Five Ways to Build a New Macroeconomics
What is taught in today’s graduate programs as macroeconomics is entirely useless for the kinds of questions we are interested in.
J. W. Mason
Why Elon Musk Isn’t Superman
The Betting Economy vs. The Operating Economy
Why Behavioral Economics Needs Behavioral Biology
Traditional models of rational choice typically ignore Darwin’s central insight—that life is graded on the curve.
What Do Economists Mean When They Talk About “Capital Accumulation”?
In every other science, this inability to measure the key category of the theory would be devastating. But not in the science of economics.
Shimshon Bichler, Jonathan Nitzan
The Sweet Spot Between Laissez-Faire and Centralized Planning
A conversation about the “Third Way” between David Sloan Wilson and Tim O’Reilly.
Productivity Does Not Explain Wages
As long as we believe the neoclassical farce, we will know nothing about what causes prices.
The #MMT Case for Progressive Taxes
If you’re looking to save the planet and deliver inclusive prosperity, it’s crazy to rely on deficit spending alone.
How a Decade of Crisis Changed Economics
If we want to change the economics profession, we need to start changing the world.
J. W. Mason
Why Wealth Is Determined More by Power Than Productivity
Analyzing power beyond the narrow concept of ‘market power’ is essential.
Four Definitions of Money. All Correct.
Understanding what we mean by the most important word in economics.
Three Cheers for Financial Repression
Truth told, it’s more like financial liberation.
Monopoly Now Wants You to Cheat—Just Like Real Capitalists
America’s favorite board game is reflecting the economy we live in.
Most ‘Wealth’ Isn’t the Result of Hard Work. It Has Been Accumulated by Being Idle and Unproductive.
It’s time to call the housing crisis what it really is: the largest transfer of wealth in living memory.
If You Look Behind Neoliberal Economists, You’ll Discover the Rich: How Economic Theories Serve Big Business
The road to serfdom – sponsored by big business
Insanely Concentrated Wealth Is Strangling Our Prosperity
Today’s mountains of wealth throttle the very engine of wealth creation itself.
How the Economics Profession Is Coming to Terms with Its Role in the Great Financial Crisis
It’s time for mainstream economists to relax the defenses and open up a little.
How to Use Fiscal and Monetary Policy to Make Us Rich Again
The easiest way to return to Golden Age tranquility and equality is to empower fiscal policy.
The New Normal: Radical Inequality, Suffocating Debt, and Growing Job Uncertainty
Demand, secular stagnation and the vanishing middle-class.
Why Economists Have to Embrace Complexity to Avoid Disaster
Microeconomics, macroeconomics and complexity
The Fading American Dream: Declining Mobility and Increasing Inequality
Absolute mobility has declined sharply in US because of the growth in inequality
New Economics Says Prosperity Doesn’t Trickle Down. It Comes from the Middle-Out
Properly understood, the middle class is the source of all growth and prosperity in a modern technological economy.
Nick Hanauer, David Rolf
They Just Get Bigger: How Corporate Mergers Strangle the Economy
Corporate mergers kill competition and cause economic stagnation
Universal Basic Income Accelerates Innovation by Reducing Our Fear of Failure
Failure is not an option. Failure is the goal. And fear of failure is the enemy.
How Science Can Decode the Laws of History and Predict US Political Violence
Revolution and war: is it all just a little bit of history repeating?
The Real “Takers” in America: The Unproductive, Rent-Extracting Rich
Productive Americans of center, left and right, unite!
How New Keynesian Economics Betrays Keynes
Classicals, Keynesians, and Bastard Keynesians
Why Economists Don’t Know How to Think About Wealth (or Profits)
Until 2006, they quite literally weren’t playing with a full (accounting) deck. Most still aren’t.
The Trump Tax Cut versus Universal Basic Income
UBI solves the fundamental problem of modern capitalism, lack of demand