Recently I found the work of Anwar Shaikh. His views on economics are the most insightful and thorough I have ever seen.  He is questioning and re-formulating economic theories through history. He is arriving at conclusions that are more realistic and integrative. He should lead the way to how economics should be taught in the […]

From Ecowatch: On June 24, foreign oil company TransCanada filed a lawsuit against the U.S. under NAFTA, the North American Free Trade Agreement, arguing that the U.S. rejection of the Keystone XL pipeline violated NAFTA’s broad rights for foreign investors by thwarting the company’s “expectations.” As compensation, TransCanada is demanding more than $15 billion from […]

… all the fuss about Brexit is about, given that now more people will visit Turnberry, Scotland to golf. Or maybe not. Although that push to repeal Dodd-Frank may save us all from another economic crisis! ____ Okay, seriously, I think that contrary to the immediate CW, Brexit will actually hurt Trump, not help him. This […]

“If, as a result of Brexit, the economy crashes it will not vindicate the economists, it will simply illustrate once more their failure.” — Ann Pettifor You can see immigrants. You can’t see NAIRU or flexible labor market policies. Most people wouldn’t know a NAIRU from a Nehru jacket and have probably never heard of flexible […]

After almost 8 years the Party of NO and me too, the Republican Party through Mr. Paul Ryan has announced its sketchy version of a national healthcare plan. There is nothing unusual (maybe I should not say this, as distortion and out-right telling lies is unusual) or earth shattering being offered in Mr. Ryan’s plan. […]

I was about to write a post about a Supreme Court opinion issued today, but made the mistake of checking my emails first–and saw this: Wayne Pacelle, Humane Society of the United States <[email protected]> Today at 2:08 PM To Beverly Mann Message body Hi Beverly, you have a chance to see this message from Tuesday? The cruelty […]

Great Rendition

Awesome!

From feedback, I need to write a better post about the AS-ED model. Thanks for the feedback from Coberly, Arne and David at CEPR. (link to previous post) This post presents what could be a huge breakthrough in understanding the business cycle. Banks and central banks should take notice here. Model of Effective Demand Figure […]