Duly Recorded Monday, October 10, 2011 Fair trade for the United States is not the same thing as chauvinistic nationalism or jingoism. The need for fair trade that does not penalize American workers does not have to be expressed in jingoistic nationalist or racist terms. This simply obscures the fact that free trade fallacy is [...]
An Experimental Journal on Political Economy and World Issues
October 10, 2011 By
This blog is an experimental vehicle for posting observations, factual references, and drafts of longer articles for more formal publication in the future.
From Today’s Press – Evidence of Periodic Overcapacity and Deficiency of Demand in Neoliberal Capitalism
October 10, 2011 By
The chronic imbalance between global and national productive capacities and total effective demand or purchasing power in economies that institute Washington Consensus or Neoliberal policies. See William Black’s article today. The Cost of Theoclassical Economics and Economists By William K. Black (Cross-posted from Benzinga) Hernando de Soto is an extremely interesting Peruvian economist who is [...]
Economics in the Public Interest
October 4, 2011 By
The goal of this site is to develop and present ideas and policy recommendations that serve the public interest and not that of powerful minorities. We do not accept the premise that democratic governments should play no role in correcting egregious market failures or that poverty and inequality are inevitable. We believe that the issue [...]
Historical Perspectives on the Economic Crisis
October 4, 2011 By
Analysis will include discussion of global economic imbalances, policy failures, and flawed political and economic thinking that led to the world economic crisis of 2008 – 2010. Part of the planned discussion will also include a review historical experience of the twentieth and twenty-first centuries. We will provide a critical review of some important economic [...]
Multidimensional View of Economics
October 4, 2011 By
The approach to political economy presented here will be trans-disciplinary and multidimensional. There will be no artificial separation of economics, politics and social issues. No particular discipline will be recognized as supreme, only sound ethical and factually based analysis grounded in reality rather than a priori dogma or propaganda serving selfish interests. No established idea [...]
Economic Events
July 19, 2011 By
Today FT has a full page article on the Argentine default and Argentina’s recovery. The FT reporters interviewed some right wing pro business economists at a policy institute. The institute places the rate of inflation at high above the official levels stated by the Argentine government. No discussion seems to appear on the methodolgy or [...]
Economics is Not Hard Science
July 18, 2011 By
The global crisis unleashed with the collapse of major financial institutions has laid bare many pretensions about economics as a hard science. Many establishment economists failed to see the onset of the crisis and harbored illusions about the efficiency of free markets and the ability of markets to regulate themselves. As a result of the [...]