Subjects Archives: Economic Theory

Joe Biden is continuing the ignoble tradition of colluding with republicans while pretending to fight them. The latest debt limit drama is another betrayal of the people.

The Trudeau government is pressing Mexico to maintain its loosely regulated, pro-capitalist mining policies.

Marxist economist Michael A Lebowitz passed away at home on April 19.

There was a time when the International Monetary Fund’s “recommendations” on how to reorganize an economy were read, defended and executed as if they were a divine mandate.

Congress of craftsmen and entrepreneurs in Dessau-Rosslau.

If you want to win back the trust of people, you have to protect them from the excesses of the financial world.

Most relationships undergo transition with the passage of time from appreciation of each other to a “state of having,” a desire to possess or even to control the other. But the present pivotal moment in the Russian-Indian relationship shows that an equal relationship does not fall into that trap.

GOVERNMENT officials never tire of repeating that India is currently the fastest growing major economy in the world.

Matthew Goodwin wants us to worry about a ‘new elite’ of media workers and academics, not the actual elite of billionaires—like his backers. SOLOMON HUGHES unveils the trail.

In this reprise from October 1993, Harry Magdoff and Paul Sweezy ask: “Isn’t there anyone around here who understands how this capitalist system works?”

Bank stock prices have stabilized at the start of this week. And all the key officials at the Federal Reserve, the U.S. Treasury and the European Central Bank are reassuring investors that the crisis is over.

We see again that banks have access to the protection of an unlimited nanny state, while others are left to fend for themselves.

In an exclusive interview with The Cradle, Russia’s top macroeconomics strategist criticizes Moscow’s slow pace of financial reform and warns there will be no new global currency without Beijing.

When Jeff Bezos bought the Washington Post for $250 million in 2013, he didn’t transform it into a paper that elevated the perspectives of the wealthy elite—it had already been that for decades.

Defined as an equitable and democratic reduction of energy and material throughput targeted at rich nations and the globally wealthy, degrowth has grown in popularity over the last few years with growing political support.

The Hindenburg Research, a short selling firm, brought out a 129-page report on the Adani group marshaling evidence of all the funding operations and offshore activities of the 578 subsidiaries and shell companies linked to the seven listed companies of the Adani group.  The report states that this is the “biggest con in corporate history”. 

After reaping huge fees off workers’ savings, private equity firms’ subterfuge could imperil promised benefits for millions of workers and retirees.

During your education, did you learn that during the 1930s the government of the USA unceremoniously repudiated a central provision of debt contracts that represented phenomenal sums?

According to preliminary estimates of the Bank of Russia, in January-September 2022, it strengthened to $198.4 billion, which is $123.1 billion more than in the same period last year. This surplus was taken out of the country (at the same time, half went to pay off the external debts of Russian companies with their replacement by domestic ruble lending) and is reflected in the balance of payments item “net capital outflow”.

Jayati Ghosh warns against historically disastrous approaches to the sovereign-debt crisis hitting low- and middle-income countries.