I just want to pass along a great show by the Renegade Economist, which is its pilot show in the United Kingdom. If we only had a show like this in the United States.

Damon Silvers appears to have his wheels on correctly answering two CNN talking heads on their version of Social Security. Kelly Evans: “Of course people want to make sure that our citizens are taken care of. But that’s almost not the point.” (It’s not?) Evans proceeds to assail Silvers and the AFL-CIO for refusing to […]

This post continues the exploration into the Cobra equation, which measures the profitability of utilizing labor and capital as a function of labor share. Now it looks as though the Cobra equation is implying a natural rate of unemployment. The simplified Cobra equation is now… Measure of profitability in the aggregate = (x + y) […]

Joe Scarborough just wrote Republicans were licking their wounds around this time last year after being blindsided by a presidential election whose outcome they should have seen coming a mile away. But ignorance was bliss as conservative politicians and talkers pushed bogus polls and political fairy tales to angry voters who were once again on […]

In the morning I posted about the Cobra equation and included some graphs using past data. The graphs showed how capital utilization and employment of labor would increase up to the profit maximization line and then fall back into a recession. But I did not include a graph for the years before the 2001 recession, […]

The new Global Wealth Report and Global Wealth Databook from Credit Suisse were released last week. According to the Report (p. 3), Global wealth has reached a new all-time high of USD 241 trillion, up 4.9% since last year and 68% since 2003, with the USA accounting for 72% of the latest increase. Average [mean] […]

Excepts from an interview with Richard Wolff ( Professor of Economics Emeritus at the University of Massachusetts, Amherst. And he is currently a Visiting Professor of the Graduate Program in International Affairs at the New School University in New York. Since 2008, he has been writing and speaking chiefly on the global capitalist crisis) from the […]

Lifted from Robert’s Stochastic Thoughts I am going to put two comments on Matt Yglesias’s blog here.  I am somewhat concerned.  My previous view on Yglesias is that I agree with him except on monetary policy (and the effect on asset price of Abe/Kuroda and of FOMC hints of possible tapering on asset prices particularly […]

by Linda Beale More Thinking on Ethics : How about Ethics and Economics A few days ago, I broached a question about “The Countermajoritarian Difficulty and Congressional Ethics“.  We seem to talk a good deal about congressional or political corruption, usually referring to elected officials taking bribes, commiting some kind of fraud such as failure […]