By Andy Ford, Warrington South CLP Remember how Jeremy Corbyn was attacked without mercy for pledging to borrow just £15 billion to fund the NHS,
Category: Economics Archive
By Michael Roberts Every year, I look at measuring the US rate of profit. Official US data are now available to update the measurement of
By Michael Roberts Over the weekend, Abe Shinzo announced that he was resigning as Japan’s prime minister. Last November, he became the country’s longest serving
By Michael Roberts At the Kansas City Fed Jackson Hole symposium, the annual jamboree ‘think-tank’ for international central bankers, US Federal Reserve Chair Jay Powell announced the end of monetary
By Michael Roberts In my previous post on inflation, I spelt out why mainstream theories of inflation have been proved wrong empirically; leaving mainstream economics in a
By Michael Roberts It’s summer in the northern hemisphere and holiday time in the year of the Covid. So it’s an opportunity to review a
By Michael Roberts Last Thursday, the US-based global tech giants reported their quarterly earnings simultaneously. On the same day, the US economy recorded the biggest
By Michael Roberts Marx’s model of capitalism assumes a world economy and starts with ‘capital in general’. It was at that level of abstraction that
by Michael Roberts We’ve had the argument that the major global issue of the 21st century is the growing trade and technology war between the US
By Michael Roberts Most discussions on inequality, whether between nations globally or within nations, take place around income. Data and papers on inequality of income
