by Michal Kalecki It may be asked where the public will get the money to lend to the government if they do not curtail their investment an...

by the Sandwichman EU recommends shorter working hours to prevent layoffs Don't they know it's a lump-of-labor fallacy to think tha...

Following a suggestion by mathematician Eric Weinstein of the Natron Group for an Economic Manhattan Project," back in December, Mike B...

by Michal Kalecki A solid majority of economists is now of the opinion that, even in a capitalist system, full employment may be secured b...

by the Sandwichman Sixty-seven years ago, Michal Kalecki nailed it. The economics of full employment is not rocket science. It's the ...

This item made me teary-eyed . Happy Birthday, Pete!

Readers of today’s New York Times Op-Ed page can enjoy the spectacle of two economists side-by-side, one warning of deflation, the other of...

I'm not an expert in fiscal policy. I don't even play one on television. With that caveat, I would like to comment on the upcoming C...

by the Sandwichman The "concept of growth" concedes too much emotional appeal to a notion that is actually more about delusions of...

As the vast army of loyal readers of this blog knows, I’m a strong proponent of capping carbon emissions. But I also think it is extremely ...

Byron York offended a lot of us with the following: the president and some of his policies are significantly less popular with white Americ...

Oh this is more braggadocio, but what the heck. I have been invited by James Galbraith, Chair of the Board of Directors of Economists for P...

Via Brad DeLong , CNBC gives us a bad news, good news story on the economy: The U.S. economy contracted at a surprisingly sharp 6.1 percent...

Actually, he seems like a very nice guy, a scholar in love with economics and with a mild social democratic inclination. As mentioned in a ...

I had to leave my office at 10:15 this morning and stroll around Battery Park for a while. Reuters explains why: An Air Force fighter jet ...