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Paradigm Lost?

The story so far: Robert Locke asserts that neoclassical economics never attained paradigm status and thus cannot be seen as about to be dethroned from its exalted perch. He also decries the failure of mainstream economics to discuss its failures. This only a few months after an interview conducted by Paul Rosenberg with Edward Fullbrook […]

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Capital: Piketty and Such

I will not pile on any more: the Piketty book is required reading. Enough said. What strikes me is that his data set is so comprehensive that it ought to end many of those lingering debates within economics. I doubt it will, but it ought to. I have a few comments I want to make […]

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Class Based Economics

Buried somewhere in the pile of stuff I have accumulated as I think about inequality are these statistics: Of all the income generated between 2009 and 2011 in the US 121% went to the top 1% of income earners The top 1% owns just over half of all investment assets including 64.4% of all bonds […]

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