This review serves up some excellent articles, including CasP's Blair Fix on the "Ritual of Capitalisation", John Komlos on the US economy, and Radhika Desai with Michael Hudson on the "Dollar Creditocracy". But it is Ib Ravn's "educational" article on banking, money creation and credit money that stands out as a uniquely comprehensible introduction to the real existing money system. Highly recommended!
Essentialism and Traditionalism in Academic Research discussion "Marshall’s conception of equilibrium as expressed in the scissors diagram had much merit as a way to look at certain kinds of social interactions. However, it never should have been elevated to an essential truth of human relating. Marshall himself knew his model of the market was overly … Continue reading Essentialism and Traditionalism in Academic Research – CasP – R Kyger, B Fix
A year ago, when The Virus was still a fuzzy rumour, one was already plagued by the puzzle of the three zeros : the skeletal numbers of no interest and near nil inflation lined up for a danse macabre around the grave of zombie growth. Never seen this before. This is different. This can't be … Continue reading Greta, Mnuchin and PlanB
see also > big tech >markets now and then, valuation ft.com 4/12/2021 Travel industry cries foul over unstoppable rise of Google ft.com 4/12/2021 Quebec’s maple syrup cartel should be sweeter ft.com 11/2021 Indra Nooyi: ‘Companies like ours are little republics’ economicsfromthetopdown.com/ 2021/09/29 How Dominant are Big US Corporations? Blair Fix …”I recently had a lively Twitter debate with Jonathan … Continue reading (im)perfect MARKETS: market power, monopoly, antitrust
inflation always monetary? - mainstream and hetero theories of inflation, how to measure inflation - decompose observed inflation into its monetary, demand-pull, cost-push and structural components - Inflation is a monetary and redistributional phenomenon
Daniel Rigney The Matthew Effect "The old saying does often seem to hold true: the rich get richer while the poor get poorer, creating a widening gap between those who have more and those who have less. The sociologist Robert K. Merton called this phenomenon the Matthew effect, named after a passage in the gospel … Continue reading Matthew Effect – inequality
>consensus theory of truth, H Ahrendt, J Habermas, JA Schumpeter, communicative competence journals.sagepub.com / 2020 Truth, lies and tweets: A Consensus Theory of Post-Truth - by Vittorio Bufacchi Abstract - This article rejects the received view that Post-Truth is a new, unprecedented political phenomenon. By showing that Truth and Post-Truth share the same genesis, this … Continue reading philosophy of SCIENCE – epistemology
GM posts/pages on inequality 5-2022 (IN)EQUALITY now(ish) 4-2022 Inequality – The Long View 3/2021 Fed's QE feeds Matthew Effect 6/2020 The Unequal Mr Picketty 4/2020 Covid : Billionaires Chip In A Trillion gg page Branco Milanovic Inequality see also theguardian.com/inequality inequality.org/ The Journal of Economic Inequality articles etc updated 11-2022 theguardian.com 11-2022 Rising asset wealth … Continue reading INEQUALITY
MMT portal page - updated library of articles, books, videos, posts and pages on 1/2021 De-facto MMT disequilibrating DSGE ? 9/202o German Economist Sees MMT MMT Across the Sea 9/2019 Apropos of MMT 2/2019 MMT and Millennial Socialism US/UK Monetary/Fiscal EURO Monetary/Fiscal MMT/monetary fiscal articles (updated 9-2022) scroll or use ctrl+f to search for topics … Continue reading MMT Modern Monetary Theory
degrowth updates here Décroissance, or degrowth, is a story of hope amidst adversity. Just like Xmas. Born of the adversities of a poisoned and plundered planet, degrowthers say "No! No More! Let's get out of the Old National Market Hall of Sickly Scarcity and into the New Global Banquet Hall of Happy Abundance... Yes, contrary … Continue reading DeGrowth or Décroissance anyone? (not just for Xmas)
GROWTH! What Growth? intro/featured/selected – updates here - +here Alf Hornborg writes in his article “How to turn an ocean liner”: “Although soon reduced to a heterodox and marginalized position, the critique of growth has continued to challenge mainstream dogmas of economics and policy for over four decades. Countless debates have raged on what exactly is the problem … Continue reading GROWTH! What Growth?
see also growth1what growth? - gdp update below "It's time to retire metrics like GDP." writes Joseph Stiglitz in The Guardian. "The way we assess economic performance and social progress is fundamentally wrong, and the climate crisis has brought these concerns to the fore." Indeed. Always nice to hear the reforming voices. Apparently another revised … Continue reading Stiglitz wants GDP retired
