Subjects Archives: Economic Theory

What is the experience and future for China and its Communist party rule?  It seems appropriate to consider a number of new books on China that have been published that try to answer this question.

2023 marks the fortieth year since the passing of Joan Robinson and her one-hundred-and-twentieth anniversary.

Repair, as an act of reclaiming technology, is ongoing in the Global North and South with complementary driving forces and problems.

Tracing the rise and the politics of asset manager capitalism.

Intellectual property, industrial organization, and economic growth.

A funny thing happened on the way to the recovery from the Pandemic Depression: class conflict is back at the core of economics.

SYDNEY and KUALA LUMPUR: Current climate mitigation plans will result in a catastrophic 2.7°C world temperature rise. US$1.6–3.8 trillion is needed annually to avoid global warming exceeding 1.5°C.

This is far from a “hot take”: financial wealth in the United States is highly concentrated, with most households, especially Black and Hispanic households, owning few financial assets

Mat Forstater joins Money on the Left to discuss the origins of Modern Monetary Theory (MMT), the vicissitudes of heterodox economics, and the challenges of building alternative institutions in and beyond the academy. As one of the principal architects of MMT, as well as teacher and advisor to many of the more recognized MMT scholars and advocates today, Forstater is perhaps the best equipped heterodox economist to give us the details on the innovative assumptions and arguments that created the firmament for what we now know as Modern Monetary Theory.

After spending weeks conducting backroom negotiations with Sen. Joe Manchin, Sen. Krysten Sinema and other right-wing Democrats in Congress over the social program budget, the Biden administration announced yesterday a “framework” that abandons some of the most important elements of the original proposal.

Even patriotic Brits know that their hero Winston Churchill did not win World War 2 or fly a Spitfire. What they, and others, may not know is how his statements often shed a clear light on British imperialism.

We need a model of ownership that recognizes the collective interest we have in how personal data is used, avoids the costs of private exploitation by individual firms, and does not slip into authoritarian forms of state control.

In this bonus episode, Rohan Grey speaks with Philip Diehl about #MintTheCoin in the wake of this season’s debt limit showdown. Director of the United States Mint under President Bill Clinton from 1994 to 2000, Diehl is best known today as the person most responsible for 31 U.S. Code 5112(k).

In the 19th Century, “hypothecations” provided investors with valuable information on sovereign fiscal resources.

In this special episode, Rohan Grey joins Billy Saas to discuss the latest episode in the #MinttheCoin saga.

As developing countries struggle to cope with the pandemic, they risk being set back further by restrictive fiscal policies. These were imposed by rich countries who no longer practice them if they ever did. Instead, the global South urgently needs bold policies to ensure adequate relief, recovery and reform.

Changes in historical conditions can elevate a secondary contradiction to a primary, and antagonistic contradiction, in an instant.

Capitalism is supposed to be all about economic growth, through the dynamism that is created by competition. This growth is meant to be driven by investment (or accumulation) which, in turn, is used to justify the shares of national income that are delivered to private profits, to the owners of capital.

New platforms and data analytics are helping big agribusiness take over Indian agriculture. Ordinary farmers are losing out, writes Bikrum Gill.

A new report from the Costs of War Project makes staggering estimates for the human and financial costs of the global forever wars.