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.
Comparing the Bureau of Labor Statistics' "U-3" and "U-6" rates.
Create jobs. End the recession. Save the environment. What else can transforming our fossil fuel economy to a clean energy
BAY-Peace youth interns at a community event in Oakland, Calif. (Credit: WCRC/Laura Flynn.) In 2006, high school senior
Addressing a conference honoring Milton Friedman on his 90th birthday in 2002, the future chairman of the Federal Reserve Board,
From Wall Street Pit: Financial Crisis: The Two Sides of the Balance Sheet Wall Street Pit By James Kwak|Jun
From The Financial Times: Eurozone inflation turns negative By Ralph Atkins in Frankfurt Financial Times Published: June 30 2009 11:
It was almost impossible to get this without being a subscriber, so I'm reproducing it in full (here&
This is bad news: Fannie and Freddie mainly deal in prime, not subprime, mortgages. Job losses are the culprit. From
As the situation in Honduras continues to unfold in unexpected ways, we recommend reading the posts from the America'
If you can't make it to Cambridge tonight to see Steve Early talk about his new book, Embedded
The Union for Radical Political Economics (URPE) has recently updated its Web page on Iran. The site features URPE members