My Mis-Education in 3 Graphics is a document of the filmmaker’s darkly humorous journey through the mind-boggling constructs of mainstream economics.
Subjects Archives: Economic Theory
Can China do much to fight back against the power wielded by the U.S. in the world economy? At first sight, that looks unlikely. China is big, but world trade is conducted in dollars, and the U.S. has economic, political and military influence across the globe.
All told, 54.1 million American workers have filed initial unemployment claims during the past nineteen weeks.
A statement signed by former Brazilian president Dilma Rousseff and Indian Kerala State’s finance minister Thomas Isaac, among others, highlights the inadequacy of the measures announced recently by the G20 and IMF to postpone debt repayment.
The excessive use of force and killings of unarmed Black Americans by police has fueled a popular movement for slashing police budgets, reimagining policing, and directing freed funds to community-based programs that provide medical and mental health care, housing, and employment support to those in need. This is a long overdue development.
This year marks 25 years since Ernest Mandel died. Mandel (5 April 1923–20 July 1995) was one of the most significant Marxist economists of the second half of the twentieth century. In 1982, he was central to founding our Institute. A prolific scholar and activist until the end of his life, Mandel wrote dozens of […]
Economist, musician & Money on the Left audio engineer, Alex Williams, joins the podcast to discuss money, music and method in light of Modern Monetary Theory and heterodox economics. At the outset, we chat about methodology and the riddles of “administrative capacity” that drive so much of Williams’ work. Next, Williams guides us through his […]
One of the graver risks for big-time criminals is that investigators will be able to identify them and their deeds by ‘following the money’. The criminals have to hide the proceeds of their crimes. This is done by depositing their monies into legitimate finance houses and businesses.
Abolition of the police begins with community control, in which community representatives not only hire, fire and oversee the cops, but decide the nature of the policing that is necessary and acceptable.
There is a massive problem of external debt building up for the third world, of which the recent Argentine debt crisis was only one manifestation. At the root of the problem is the collapse of primary commodity prices in the world market which began in April 2011.
Richard Heinberg is a very important scholar and an apparently lovely human being. His books are always penetrating, and both his contribution to and his review of Michael Moore’s corporate-green-censored movie, Planet of the Humans, demonstrate his continuing efforts to speak crucially unheard truths.
The coronavirus pandemic of 2020 has slammed into the global system with almost the same impact we might expect from an asteroid strike. All aspects of economic, cultural and political activity on the planet have been devastated and disrupted in ways that seemed unimaginable just a few months ago.
The current ecological and social crisis, a crisis which has seen its effects increased by a public health emergency caused by the COVID-19 pandemic, is a crisis which raises serious concerns over environmental sustainability and social polarization and which has a fundamental cause: the blind logic pursued by our economy system, where everything is secondary […]
David Chappelle is an American stand-up comedian, actor, writer, and producer, best known for his satirical comedy sketch series Chappelle’s Show (2003 – 2006).
Mass deforestation, industrialised animal agriculture and reductions in biodiversity are among a number of factors which increase the likelihood of the emergence and spread of dangerous pathogens such as the coronavirus disease 2019, explains scientist Dr Rob Wallace in an exclusive interview with Sputnik.
In the age of COVID-19, poor and working-class people are susceptible not just to illness, but also to discrimination and disdain.
Universities can immediately bypass feckless state & federal legislatures & finance themselves directly with “Unis” supported by the Federal Reserve For a growing majority of outspoken administrators and faculty, the economic fallout associated with the Covid-19 crisis threatens to catapult U. S. higher education into a draconian age of austerity, layoffs, and closures. The question, […]
There is an exodus of finance from the third world at present, far exceeding in scale what had occurred in 2008 after the financial crisis.
A new report from the Institute for Policy Studies, “Billionaire Bonanza 2020: Wealth Windfalls, Tumbling Taxes, and Pandemic Profiteers,” reveals that the wealth of U.S. billionaires is indeed staying at home.
Oil-producing nations led by Russia, the U.S. and Saudi Arabia reached an unprecedented agreement on Sunday to cut oil production by 9.7 million barrels per day, or nearly 10 percent of what is currently produced, as The New York Times reported.