Takers and Makers: Who are the Real Value Creators?

This post was originally published on this siteBy Mariana Mazzucato We often hear businesses, entrepreneurs or sectors talking about themselves as ‘wealth-creating’. The contexts may differ – finance, big pharma or small start-ups – but the self-descriptions are similar: I am a […] The post Takers and Makers: Who are the Real Value Creators? appeared … Read moreTakers and Makers: Who are the Real Value Creators?

Milton Friedman’s Economic Racism

This post was originally published on this siteBy John Jackson White people have the luxury of not thinking about race if they don’t want to. Marginalized people, on the other hand, are forced to think about their own oppression all the time […] The post Milton Friedman’s Economic Racism appeared first on Evonomics. Please follow … Read moreMilton Friedman’s Economic Racism

Eight Reasons Why Inequality Ruins the Economy

This post was originally published on this siteBy Chris Dillow I welcome Professor Sir Angus Deaton’s report into inequality. I especially like its emphasis (pdf) upon the causes of inequality: To understand whether inequality is a problem, we need to understand the sources […] The post Eight Reasons Why Inequality Ruins the Economy appeared first on … Read moreEight Reasons Why Inequality Ruins the Economy

Does Capitalism Kill Cooperation?

This post was originally published on this siteBy Peter Turchin One of the chief reasons I became an advocate of the Cultural Multilevel Selection (CMLS) theory is that it wonderfully clarifies the relationship between competition and cooperation. Competition between groups (up to […] The post Does Capitalism Kill Cooperation? appeared first on Evonomics. Please follow … Read moreDoes Capitalism Kill Cooperation?

The #MMT Case for Progressive Taxes

This post was originally published on this siteBy Steve Roth There’s a curious fact among the current crop of discussions surrounding Modern Monetary Theory: Leading figures in the MMT world — strong progressive voices, they — are surprisingly dismissive of higher, progressive […] The post The #MMT Case for Progressive Taxes appeared first on Evonomics. … Read moreThe #MMT Case for Progressive Taxes

Debunking Deregulation: Bank Credit Guidance and Productive Investment

This post was originally published on this siteBy Josh Ryan-Collins In academic and policy circles there is deep mistrust of public sector involvement in credit allocation, much more than in the credit allocation decisions made by commercial banks. This mistrust continues, despite […] The post Debunking Deregulation: Bank Credit Guidance and Productive Investment appeared first … Read moreDebunking Deregulation: Bank Credit Guidance and Productive Investment

Basic Income vs Guaranteed Jobs: What If We Paid Stay-At-Home Moms?

This post was originally published on this siteBy Stephanie Ervin Rising income inequality coupled with the fear that robots will soon occupy more jobs than average Americans has everyone calling for the creation of a modern safety net program. Recent debate on […] The post Basic Income vs Guaranteed Jobs: What If We Paid Stay-At-Home … Read moreBasic Income vs Guaranteed Jobs: What If We Paid Stay-At-Home Moms?

How a Decade of Crisis Changed Economics

This post was originally published on this siteBy J. W. Mason Originally published in Jacobin Magazine Has economics changed since the crisis? As usual, the answer is: it depends. If we look at the macroeconomic theory of PhD programs and top journals, […] The post How a Decade of Crisis Changed Economics appeared first on … Read moreHow a Decade of Crisis Changed Economics

What Monopolies and King Kong Have in Common

This post was originally published on this siteBy Jonathan Tepper and Denise Hearn While Hollywood loves movies like King Kong and Godzilla, there is a good reason these fantastical creatures don’t exist in real life. As J.B.S. Haldane put it in his […] The post What Monopolies and King Kong Have in Common appeared first … Read moreWhat Monopolies and King Kong Have in Common

The Real Reason Stock Buybacks Are a Problem

This post was originally published on this siteBy Steve Roth Bernie Sanders and Chuck Schumer’s New York Times op-ed, “Limit Corporate Stock Buybacks,” has thrown internet gasoline on the buyback debate. The left is waving the flag, and the right is trying […] The post The Real Reason Stock Buybacks Are a Problem appeared first … Read moreThe Real Reason Stock Buybacks Are a Problem

How Bronze Age Rulers Simply Canceled Debts

This post was originally published on this siteBy Michael Hudson Adapted from …and Forgive Them Their Debts: Lending, Foreclosure and Redemption from Bronze Age Finance to the Jubilee Year. Islet. November 15, 2018.  There has been an explosion of discussion about whether to […] The post How Bronze Age Rulers Simply Canceled Debts appeared first on … Read moreHow Bronze Age Rulers Simply Canceled Debts

How Universal Basic Income Solves Widespread Insecurity and Radical Inequality

This post was originally published on this siteBy Daniel Nettle “Can we not find a method of combining [the advantages of anarchism and socialism]? It seems to me that we can
[…]. The plan we are advocating amounts essentially to this: that a […] The post How Universal Basic Income Solves Widespread Insecurity and Radical Inequality … Read moreHow Universal Basic Income Solves Widespread Insecurity and Radical Inequality

Self-Driving Vehicles: What Will Happen to Truck Drivers?

This post was originally published on this siteBy Andrew Yang You would have to have been asleep these past years not to have noticed that manufacturing jobs have been disappearing in large numbers. In 2000 there were still 17.5 million manufacturing workers […] The post Self-Driving Vehicles: What Will Happen to Truck Drivers? appeared first … Read moreSelf-Driving Vehicles: What Will Happen to Truck Drivers?

Why Wealth Is Determined More by Power Than Productivity

This post was originally published on this siteBy Laurie Macfarlane According to a new OECD working paper, Britain is one of the wealthiest countries in the world. Net wealth is estimated to stand at around $500,000 per household – more than double the […] The post Why Wealth Is Determined More by Power Than Productivity appeared … Read moreWhy Wealth Is Determined More by Power Than Productivity

How to Destroy Neoliberalism: Kill ‘Homo Economicus’

This post was originally published on this siteBy Nick Hanauer This piece is adapted from a speech delivered September 30th at MIT, where Nick Hanauer won the 2018 Harvard and MIT Humanist of the Year award. Read more about the award, as […] The post How to Destroy Neoliberalism: Kill ‘Homo Economicus’ appeared first on … Read moreHow to Destroy Neoliberalism: Kill ‘Homo Economicus’

Economic Man vs. Humanity: A Puppet Rap Battle

This post was originally published on this siteBy Kate Raworth In the age of the selfie, one particular self-portrait matters more than the rest: the image of humanity that has been created by economists. Like most selfies, this one distorts reality, but […] The post Economic Man vs. Humanity: A Puppet Rap Battle appeared first … Read moreEconomic Man vs. Humanity: A Puppet Rap Battle

How Hedge Fund Activists Prey on Companies

This post was originally published on this siteBy Shin Jang-Sup  The casual observer can hardly comprehend the value-extracting power of hedge fund activists. Technically, they are no more than minority shareholders. Yet they exert enormous influence, often forcing these companies to undertake fundamental restructuring […] The post How Hedge Fund Activists Prey on Companies appeared first on … Read moreHow Hedge Fund Activists Prey on Companies

Evolving the New Economy: Tim O’Reilly and David Sloan Wilson

This post was originally published on this siteDavid Sloan Wilson interview with Tim O’Reilly I use the phrase “Evolving the Future” a lot nowadays. It’s the title of a major scientific review article (“Evolving the Future: Toward a Science of Intentional Change”) […] The post Evolving the New Economy: Tim O’Reilly and David Sloan Wilson … Read moreEvolving the New Economy: Tim O’Reilly and David Sloan Wilson