Phineas Baxandall - Dollars & Sense

The Plutonomy—AI Edition—and the Coming Crisis

Driven by speculative finance, stagnant wages, and AI hype, today’s tech-heavy economy mirrors the fragile plutonomy that collapsed into the Great Crash of 1929.

Yeva Nersisyan and L. Randall Wray Sep 1, 2026

Metal of the Past, Metal of the Future

Copper, the first metal worked by humans, will be crucial to decarbonization, and could be the path to a Chinese Century.

Bill Barclay Aug 29, 2026

Monthly Jobs Analysis

The Latest Job Calamity—Mostly Home-Made

The Latest Unemployment Report from the National Jobs for All Network

Frank Stricker Aug 26, 2026

Phineas Baxandall is a lecturer at the Committee for Degrees in Social Studies at Harvard University and a member of the Dollars & Sense collective.

1 article

Issue 241

Is the "New Economy" More Productive?

Sorting Fact from Fiction - Revised productivity figures have let the air out of the high-tech "New Economy" bubble.

Phineas Baxandall May 1, 2002