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BlogSomething Is Rotten in the State of Denmark: The Rise of Monetary Cranks and Fixing What Ain’t Broke
Horatio: He waxes desperate with imagination. Marcellus: Let’s follow. ‘Tis not fit thus to obey him. Horatio: Have after. To what issue will this come? Marcellus: Something is rotten in the state of Denmark. Horatio: Heaven will direct it. Marcellus: Nay, let’s follow him. Hamlet Act 1, scene 4 Marcellus is right, the Fish of [...] -
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Stiglitz, Galbraith, and Milanovic on Inequality
From Columbia University’s Heyman Center for the Humanities: [iframe src=”http://player.vimeo.com/video/99560896″ width=”450″ height=”253″ frameborder=”0″ webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe> <p><a href=”http://vimeo.com/99560896″>Highlights: Joseph Stiglitz, James K. Galbraith, and Branko Milanovic on “Global Inequality”</a> from <a href=”http://vimeo.com/heymancenter”>Heyman Center/Society of Fellows</a> on <a href=”https://vimeo.com”>Vimeo</a>.</p] -
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Predatory Capitalism and the System’s Denial in the Face of Truth
Contemporary capitalism is characterized by a political economy which revolves around finance capital, is based on a savage form of free market fundamentalism, and thrives on a wave of globalizing processes and global financial networks that have produced global economic oligarchies with the capacity to influence the shaping of policymaking across nations. As a result, [...] -
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Greece: The Impact of Austerity on Migration
The chart above documents another striking feature of the impact of the recession on Greece. The Hellenic Statistical Authority (ElStat) has recently released the new quarterly data on employment and the labor force, which includes a measure of the population aged 15 or more (Table 1). While the series published in the previous release exhibited [...]