By Michael Roberts Joseph Stiglitz is a Nobel Prize-winner in Economics and former chief economist at the World Bank, as well as an adviser to
Category: Economics Archive
By Michael Roberts The IMF-World Bank meeting in Washington this weekend revealed again that the world economy is slowing down and the prospect of an
By Michael Roberts The first three months of 2019 have shown a significant slowing in global economic activity. Global manufacturing output (as measured by JP
By Michael Roberts Last week the US Federal Reserve Bank decided to stop raising its policy interest rate for the rest of 2019. The Fed
By Michael Roberts Last week, the prestigious Brooking Institution held a conference on the efficacy of monetary policy in stimulating and sustaining economic growth. At
By Michael Roberts I don’t really like the term ‘neoliberal’ because it is used lazily as an alternative to pro-capitalist policies or even to the
By Michael Roberts There is one outstanding statistical feature of 21st century capitalism. Capitalism is increasingly failing to develop what Marx called the “productive forces” (namely
By Michael Roberts After two long and possibly turgid posts analysing Modern Monetary Theory, in this third post, I’m going to look at the practicalities – in
By Michael Roberts In my first post on Modern Monetary Theory (MMT), I offered a general analysis of the theory, its similarities and differences with Marx’s
By Michael Roberts Modern monetary theory (MMT) has become flavour of the time among many leftist economic views in recent years. The new left-wing Democrat Alexandria
