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The United States government openly flirting with a default on its debt is, to the financial system, like a Pope wondering out loud about the existence of God.

The International Monetary Fund’s chief economist, Olivier Blanchard, recently asked a simple and important question: “How much of an adjustment has to be made by Greece, how much has to be made by its official creditors?” But that raises two more questions: How much of an adjustment has Greece already made? And have its creditors given anything at all?

An Open Letter to Tim Cook, CEO of Apple

Contrary to the dominant media narrative, social issues like racism and sexism on their own can’t explain Trump’s success.

This article originally appeared in The Sunday Times of London

Michael Goldberg was awarded last week the Todd H. Crockett Professor of Economics at the Peter T. Paul College of Business and Economics at the University of New Hampshire.

The YSI Keynesian Economics Working Group is co-hosting a PhD seminar at the Nordic Post-Keynesian Conference entitled “Economics at the Edge”.

“Rich economies have more resources to spare to prioritise saving lives. And Wolf reproduces the Institute for New Economic Thinking’s now famous chart that refutes the idea there is a “trade-off” between saving the economy and saving lives. On the whole, those states that prioritised saving lives also lost less economic output. China is the standout case. But it isn’t just about how rich an economy is. The same chart shows that the states that suffered the biggest losses of lives and output include Italy, Britain, Spain, and France. The US and Belgium aren’t far behind.” —Alex Callinicos

This research project demonstrates the ways in which fact and value are entangled in economic concepts and the implications of this entanglement for the ways in which various economic problems are approached.

Much historical commentary emphasizes how pandemics restructure long-standing social and political arrangements. The observation applies to macroeconomics as well.

Investor-state dispute settlement (ISDS) allow foreign capitalists to run roughshod over the rights of Ecuadorians

To mark International Women’s Day, Neva Goodwin argues that the crisis of income insecurity and longstanding gender inequality require a form of universal basic income that recognizes and rewards the value of household labor

This article originally appeared on Bloomberg