Private Equity’s Profit Charade
Private equity's seemingly high returns have been attributed to "freedom" from regulation. But, however explained, there is the question of how real the private equity profits have actually been.
Latest news (Page 51)
Krugman on Kalecki ... and Marx
If you read the interview with Bob Pollin in our current issue, Beyond Debt and Growth, then you saw the
Frackonomics, etc.
. (1) Frackonomics: We've posted our July/August cover story, Frackonomics: The Science and Economics of the Gas Boom,
Fast-Food Workers, Ethics, and More on Detroit
(1) Fast-Food Workers Strike: I posted the other day about the campaign to embarrass McDonald's about its low
Obama Speech, Detroit, McDonald's
(1) Obama's Knox College Speech: Today's post will be brief, because it's Friday afternoon.
The Economics Anti-Textbook: A Critical Thinker’s Guide to Microeconomics, by Rod Hill and Tony Myatt
It was the perfect “natural experiment:” in April 1992, New Jersey’s minimum-wage was scheduled to rise from $4.25
Robert Pollin: Beyond Debt and Growth
Our July/August issue is almost out; we will be sending out the electronic version to e-subscribers early next week,
NYT Sneers at MMT, etc.
This one is for the demise of (part of) DOMA; hat-tip to Patrick C. (New Hope Church is an actual
Pursuing Profits--or Power?
Do corporations seek to maximize profits? Or do they seek to maximize power? The two may be complementary--wealth begets power,
Dear Dr. Dollar: Black-White Income Differences: What’s Happened?
There is a great deal of awareness of the general increase of income inequality in the United States. But what's happened to the income inequality between African Americans and European Americans ("Black-White" inequality)?
Collapsing Investment and the Great Recession
Investment in real inputs--structures and machinery used to boost future output and productivity--is one of the ways that an economy