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    Economics, Politics / bailouts, plutocracy, Reagan, Republicans, stimulus, Trump, unemployment /

    Here We Go

    March 26, 2020

    We all thought that this morning’s announcement of the new claims for jobless insurance would be shocking.  The usual scuttle in the financial markets had been that we might see numbers well over 2,000,000, but the actual number soared even beyond that.  At 3,283,000 it is difficult to articulate what this means.  To put it […]

    Commentary / inequality, plutocracy, Scheidel /

    Our “Scheidel Moment”?

    March 24, 2020

    We are all familiar with what a “Minsky Moment” is.  Or we should be given the disaster of the Great Recession.  Whilst it’s true that economics has bumbled along pretty much unaltered since this dark years of just over a decade ago, and, yes, I am aware of the rumblings around the discipline’s edges, others have taken […]

    Economics, Politics / democracy, economic policy, economic theory /

    Political Economy?

    January 21, 2020

    “American economics harbors fierce political debates over theory, methodology, and policy.  In practice and in comparative perspective, however, the main trend over the course of the twentieth century has been the standardization of training as well as a homogenization of evaluation criteria that has marginalized nonorthodox approaches.  After institutionalism was dethroned by the rise of […]

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