Archive

The prevailing stock market ideology enriches value extractors, not value creators

As the Nobel laureate economist Robert Solow noted in 1987, computers are “everywhere but in the productivity statistics.” Since then, the so-called productivity paradox has become ever more striking. Automation has eliminated many jobs. Robots and artificial intelligence now seem to promise (or threaten) yet more radical change. Yet productivity growth has slowed across the advanced economies; in Britain, labor is no more productive today than it was in 2007.

How a Banking Union Has Created Deep Divisions that Undermine the Eurozone’s Stability

Why it’s urgent that China adjust its balance of payment structure and safeguard its foreign assets

Greater efficiency, lower costs, and universal coverage make it the sustainable option, say some top economists

The famed short-seller offers a mid-2017 reality check for “fake fiscal news,” and economic pipe dreams, and sees “portents of even worse things”

Faced with rapid cost reductions for clean electricity generation, some commentators suggest that we no longer need the Paris agreement or other policy interventions, because technology alone can solve all problems.

McCloskey discusses her career, critiques of economics, and offers advice for young economists.

A new model probes why the US leads the world in jailing and imprisoning people, and what it will take to reverse course

Current proposals will worsen inequality and harm those Trump promised to protect—while further enriching the top 1%

Young Scholars Initiative (YSI) has released a new e-book, “Conversations on Dependency Theory”

Why some goods and services should stay in the public domain

This blog post looks at the aggregate picture and collates some micro evidence in a more robust estimating framework to shed light on this question.

Trump’s withdrawal from the Paris accord sets the US economy back

Globalization has fallen into disrepute; the myth of the prosperity and happiness-generating  free market has been dispelled. A visionary concept that provides guidance and direction is required now.