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Lori Wallach, of Public Citizen’s Global Trade Watch, and Jayati Ghosh, economics professor at UMass Amherst, discuss how first world countries are protecting pharma companies’ exorbitant profits, at the expense of vaccinating people living in the Global South and thereby also endangering everyone in the world.

From the very start, the European Monetary Union (EMU) was set up to fail.

The anthropologist David Graeber has argued that as much as 30% of all work is performed in “bullshit jobs,” which are unnecessary to produce truly valuable goods and services but arise from competition for income and status. But the deeper problem is that more and more economic activity performs a merely distributive function.

Two years after the 2015 Paris Agreement, where we stand today is better than you may think 

The title is the same as that of Maury Obstfeld’s Ely Lecture, delivered Jan 6 at the AEA meetings in Chicago. Yours truly was at the meetings mainly to deliver a paper on “Three Principles for Market-Based Credit Regulation”, about which more in a later post. And for most of the rest of the time I was locked in a hotel room interviewing candidates for an assistant professor slot at Barnard College (which gave me a good overview of the current state of macroeconomics, again fodder for a later post).

The idea that businesses are run to maximize profits for shareholders is just plain wrong, says William Lazonick

Yide Qiao, the Secretary General of Shanghai Development Research Foundation, talks about the political, economic, and military dimensions of US-China relations

Our interviews in the halls of the Mount Washington Hotel, covered the range of opinion about the severity of conflicts of interest in economics: we are alright; economics is no more corrupted than other sciences; corruption is substantial; it is rotten to the core.

In this conversation with Folashadé Soulé and Camilla Toulmin, Pr Njuguna Ndung’u, a Kenyan economist, Director of the African Economic Research Consortium (AERC), a pan-African organization devoted to the advancement of economic policy research and training in sub-Saharan Africa, and former Governor of the Central Bank of Kenya (2007-2015) analyses how the pandemic creates more fragility in African economies, but also how reforms could be implemented during this crisis; and the urgent need for investment in strong health institutional capacities

I thought I could use some of my illegitimate blog administrator’s privileges to participate in the discussion on the “progress in economics” post by Floris without being lost in the midst of other users’ comments.

Summers discusses inequality, the GOP tax plan, and our economic future

Is an ancient financial taboo keeping us from prosperity? Adair Turner, author of a new book on global finance, explains.

The removal of term limits for Xi Jinping may be a better indicator of economic health—or crisis—than official statistics

Economic journalist Martin Wolf’s address to the Center on Capitalism and Society at Columbia University’s 20th anniversary conference, Economic Policy and Economic Theory for the Future