The psychology of systemic consensus
byWe are all too familiar with established views rejecting change. It has nothing to do with the facts. Officialdom’s mind is often firmly closed…
What is the relation between supply and demand for money?
byFor most economists there is the need to keep the so-called economy along the path of a stable economic growth and a stable…
Events
by“Events, dear boy, events.” Alleged response by the British Prime Minister Harold Macmillan, when asked by a journalist what is most likely to blow…
Some Comments on “Economics for the Many” Edited by John McDonnell
byEconomics for the Many Ed John McDonnell Verso Books 2018 Democratising Economics in a Post Truth World By Antonia Jennings …
How are Chinese stocks responding to tariffs with the US and a slowdown in Asian growth?
byDespite US tariffs, China’s September trade balance with the US reached a record high A number of China’s Asian neighbours have seen a deceleration…
Liberal Capitalism as the Ideology of Freedom and Moderation
byNowadays, many along the political spectrum seem to agree that America increasingly has become a polarized society. Ideological and public policy discourse has been…
Fireworks
by“A key prediction of traditional economics.. is that the economy as a whole must at some point reach equilibrium – a prediction made by…
Risky business
by“In 1961, at the height of the Cold War, a B-52 bomber carrying two Mark 39 thermonuclear bombs accidentally crashed in rural North Carolina….
Why an increase in capital goods may not always be good for economic prosperity
byThe annual rate for US non-military capital goods orders excluding aircraft fell to 1.9% in September from 7.8% in August to stand at $69.6 billion. Observe that…