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    Economics, Politics / economic theory, Keynesian economics, Paul Samuelson, plutocracy, Robert Solow, Zachary Carter /

    Carter on Keynes

    June 25, 2020

    The biography of Keynes by Zachary Carter ends on a decidedly wimpy note.  The concluding chapter is devoted to the financial crisis of 2008 and the subsequent half-hearted sort-0f-Keynesian policy response.  Whilst Carter seems fine with his condemnation of neoliberal policies and is clear about the abject failure of the notion that financial markets act […]

    Politics / democracy, Nixon, plutocracy, racism, Reagan, Republicans, Trump /

    Racism in America

    June 3, 2020

    I don’t often comment on politics here, but I want to record my thoughts as I watch the extraordinary convulsions running through America at the moment. First: racism is a basic fact of American life.  It has been apparent to me since I moved here.  White America simply doesn’t want to be forced to engage […]

    Economics / Abromovitz, capital, capitalism, growth theory, labor, plutocracy, Robert Solow, total factor productivity /

    More Words That Matter: Capital and Labor, Part One

    June 2, 2020

    I was having a conversation this morning in which I argued the word “capitalism” has no meaning.  Or, perhaps, it has too many meanings.  It is a fraught one as well.  People get vexed in its presence.  I ought also have said the same thing about the word “labor”. Both words are relics of the […]

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