Economists Are in the Wilderness. Can They Find a Way Back to Influence? – from the NYTimes
Ben Casselman wrote this piece in the 1.10.2025 NYTimes: “Economists Are in the Wilderness. Can They Find a Way Back to Influence?” The article cites […]
Capitalism
Not a right – left problem; a top – down problem. The class war is long over.
In the wake of Trump’s victory over Harris there has been much hand-wringing over how to explain the obvious trend among Americans to favor Republicans. […]
Thoughts on ending billionaire wealth – “Every billionaire is a policy failure”
The tsunami of billionaires that has washed across the planet over the last decade or so is troubling in the extreme. Now, we have the […]
American Compass – their conservative economics get it right, mostly
American Compass is a self-described think tank for conservative economics. From its Mission Statement page: “We are developing the conservative economic agenda to supplant blind […]
35 Years of Wage Stagnation and Middle-Class Life in the US – a concrete example
For the period between the end of WWII and 1979 there was productivity growth of ~ 55%. That means that for an hour’s work, the […]
Competitive Capitalism – long dead in the US
A key part of the description of capitalism in orthodox (neoclassical) economics, and our political rhetoric, is the role competition between companies plays in keeping […]
Occupy Wall St. was right…..
In the fall of 2011, a large group of protestors occupied areas around Wall St. in NYC for six weeks under the banner of “We […]
Book Review – Revolt of the Rich: How the Politics of the 1970s Widened America’s Class Divide by David Gibbs
Neoliberalism is the word most frequently used by commentators and academics when discussing the changes in the US economy over the past 50 years. For […]
Record Breaking Lobbying Spending
The rich and corporations are on a path to set a new record for the amount of money spent in Washington on lobbying. The total […]
Elon Musk, $50 billion, and Financialization – from production to extraction
Much is being made of a Delaware court blocking Musk’s $50 billion compensation contract. See the reporting in the NYTimes: Elon Musk’s Tesla Pay Package […]