Economics and the law of the hammer
As yours truly has reported repeatedly during the last couple of years, university students all over the world are increasingly beginning to question if the kind of economics they are taught–mainstream economics–really is of any value. Some have even started to question if economics is a science.
Inflation, wages, and profits
Inflation continues to run hot—and now, finally, the debate about inflation is heating up.
Where has all the surplus gone?
Thanks to the release of the so-called Paradise Papers, and the additional research conducted by Gabriel Zucman, Thomas Tørsløv, and Ludvig Wier, we know that a large share of the surplus captured by corporations is artificially shifted to tax havens all over the world.
They keep promising, ever since the recovery from the Great Recession started more than eight years ago, that workers’ wages will finally begin to increase. But they’re not.