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Monthly Archives: March 2013
Ask a neoclassical economist this: Take any actually existing economy. What action would your model recommend and what result would make you abandon your model? Southern Europe was told by these intellectual clowns that their economy would magically heal once … Continue reading
The invaluable Michael Hudson illustrates the political economic consequences of the conversion of the American working class into a rent-servicing one: “When it comes to analyzing comparative advantage among nations, the key no longer is food or prices for other … Continue reading