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Scooped by Nicholas Ripley onto Heterodox economics |
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Trickle-down is a neo-liberal myth. We can agree on that. Putting spending power into the hands of those who will only save it does nothing for growth.
For more growth to occur, spending power has to be in the hands of those who spend.
But inequality is a constraint on economic growth.
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I often compare the evolution of exchange alternatives to the development of aviation. Just as many early attempts to fly were clumsy and poorly informed by good science, so too have been many earl... Delete the scoop?
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By Payam Sharifi The subject and discussion of Ethics for economists is a recent but welcome phenomenon. The creation of the documentary “Inside Job” highlighted the ethical issues facing economists. Various outlets, consisting of many from outside... Delete the scoop?
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Wall St. Financial Analyst & Economics Professor Michael Hudson on the history of debt and economic imperialism. From the first seminar of the "Modern Money ... Delete the scoop?
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How else can I put this? If Krugman's coffee-clutch dismissal of my criticism of IS-LM is wrong, then gee, I made the same mistake as John H Delete the scoop?
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The one kind of debt we should not be worried about is government debt. Delete the scoop?
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Commentary on current economic and financial news. Delete the scoop?
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October 19th, 2012 This edited transcript is expanded from a live phone interview with Michael Hudson by Dimitris Yannopoulos for Athens News. It Delete the scoop?
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