Watching the career path of James Galbraith has been a minor hobby of mine ever since I discovered that my interest in economics was direc...

The economic takeover of the country with the largest oil deposits is being planned by a Milton Friedman disciple from Venezuela. He is cur...

Tony (probably correctly) believes that I should write more about monetary theory. Good point. Without monetary reform, there is simply ...

In 1899, Thorstein Veblen would publish perhaps the most interesting, and misunderstood, book ever. It was called The Theory of the Leisure...

For those of us who believe that energy is a primary need for survival, the collapse of oil prices since 2014 was quite frankly, surreal. H...

Kunstler has a habit of speculation about the future with at best, partial information. But on this subject, he is spot on! Shale oil is a ...

When the Trump administration announced last week that it was imposing tariffs on solar cell panels mostly coming from South Korea and Chi...

The Trump administration has annouced its intention to slap some tariffs on products mostly coming from S. Korea and China. In certain corn...

If you are snow-bound in USA today, and want something to read, I highly recommend Ryan Cooper's excellent short summary of USA politic...

A reader (KF) sent me the following link about Seymour Melman—which is a good thing because I probably would have just blown it off otherwi...

The second most important story after the catastrophe of climate change is the quite related story of: What is the end game for the Age of ...

Long time readers of this little niche of the pixelsphere know that Jon and I do not have much respect for Karl Marx and marxists in gener...

This is a story about a German farmer named Stefan Dürr who has taken his considerable skills to Russia where he has organized enough agric...

HAWB - How America Was Built Libertarians like to shout their belief that “the welfare state has created nothing.” I wonder if they think...

The latest rumblings from Berlin suggest that the SDP is going to cave, once again, and become the junior partner in Merkel's CDU-run g...

Even before Hurricane Maria leveled the island of Puerto Rico, their economy was already in a world of hurt. They were attempting to refina...

1973 turned out to be the major economic watershed year for most people alive today. Because that was the year that the pro-growth assumpti...

Using economics to destroy is perhaps the sickest manifestation of the dismal "science." This is mostly because sanctions only r...

If there is one position I have maintained for as long as I have been writing this blog it is that, "Far from being a science, convent...

Last month I posted a large article on American School Economist Henry C. Carey, The only economists who ever created a national economy . ...