real economics
Monday, July 31, 2017

Globalisation: the rise and fall of a truly terrible idea

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There is a certain beauty and nobility about the idea that we are the world and wonderful things happen when we think of the rest of humani...
Monday, July 24, 2017

The economics of waste

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There is no particular reason to believe that Charles H. Smith is a Veblen scholar or that he has even read The Theory of the Leisure Class...
Friday, July 21, 2017

Re-upping my Producer Class credentials (again)

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The main reason for do-it-yourself home repair is that you can have something in your life that is unaffordable any other way. Pictured...
4 comments:
Thursday, July 20, 2017

According to the Guardian, "How economics became a religion"

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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...
1 comment:
Sunday, July 16, 2017

R.L. Bruckberger on American School Economist Henry C. Carey

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Last month I posted a large article on American School Economist Henry C. Carey, The only economists who ever created a national economy . ...
Friday, July 14, 2017

Tucker Carlson destroys Max Boot

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Tucker Carlson used to drive me into fits of rage. So now he has a gig at Fox News and suddenly, he has almost become a voice of reason. Ye...
Monday, July 10, 2017

Missing the opportunity of a lifetime

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Former CIA Director John Brennan said today on Meet the Press, "...right before he met with Mr. Putin and talked with him at some leng...
Monday, July 3, 2017

Sovereign Debt Jubilee?

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Whenever someone suggest that we fund a Green "New Deal" (to use the phrase of Green Party candidate Jill Stein) a howl goes up o...
1 comment:
Saturday, June 24, 2017

The only economists who ever created a national economy

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A couple months ago, I found online a very useful graphic of the major schools of economic thought . Take a look at it, with this questi...
6 comments:
Monday, June 19, 2017

Summer Sacrilege

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Paul Street is rapidly becoming the most interesting contributor to Counterpunch . As the USA stalls out politically over the partisan argu...
Monday, June 12, 2017

Glass-Steagall, now more than ever

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For those of us who have watched in absolute horror as the neoliberals have retested their crackpot theories on a country too ignorant to k...
Saturday, June 10, 2017

Dylan's Nobel Lecture in Literature

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"The speech is extraordinary and, as one might expect, eloquent. Now that the lecture has been delivered, the Dylan adventure is comi...
Monday, June 5, 2017

The European Left sells out the Greeks

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Watching the American Left slide into irrelevancy at best and utter insanity at worst is certainly distressing but it is hardly surprising....
1 comment:
Sunday, May 28, 2017

The ruinous history of free trade, Part 1

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November 6, 1860. Abraham Lincoln has been made President by a 39.8 percent plurality of votes. The Democratic Party had split in two over...
Monday, May 22, 2017

If China Can Fund Infrastructure With Its Own Credit, So Can We

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The basic truth about money is that it doesn't matter what it is made of compared to what are the mechanisms for making it valuable. Mo...
Sunday, May 21, 2017

'Doomsday’ seed vault meant to survive global disasters breached by climate change

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Those of us who live in the frozen north tend, I believe, to understand more of the nuances and implications of climate change. We burn FA...
Wednesday, May 17, 2017

USA auto sales drop for four straight months

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Probably the main observation from my Chicago trip was the seemingly huge mismatch between the purveyors of high quality goods at amazingly...
1 comment:
Monday, May 15, 2017

What Exxon-Mobil knew

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The story of what the oil companies once knew and promoted on the subject of climate change is deep and complex and for me, endlessly fasci...
Thursday, May 11, 2017

The Dying Days of Liberalism: Max Forte nicely summarizes Tom Frank's Listen Liberal

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Well, of course it would happen that a few days after posting I have yet to see a decent summary of Thomas Frank's new book Listen Li...
2 comments:
Tuesday, May 9, 2017

The origins of the Democratic Party's looming catastrophe

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It is becoming a constant struggle to combat despondency, as I watch USA Democratic Party leaders shuck and jive, wriggle and squirm, to avo...
Friday, May 5, 2017

Has Putin driven Western politicians insane?

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One of the sadder and more crazy outcomes of this fall's election is the Democratic Party's decision to blame their defeats on the ...
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