By Tom Palley, A key element of Trump’s political success has been his masquerade of being pro-worker, which includes posturing as anti-globalization. However, his true economic interest is the exact opposite. That creates conflict between Trump’s political and economic interests. Understanding the calculus of that conflict is critical for understanding and predicting Trump’s economic policy, … More Tom Palley on Trumponomics: Neocon Neoliberalism Camouflaged with Anti-Globalization Circus
From Routledge. Edited by Richard Westra, Robert Albritton, Seongjin Jeong In this age of overlapping and mutually reinforcing deep global crises (global warming, mass migrations, militarism, inequality, selfish nation-states, etc.) there needs to be more realistic dialogue about radical alternatives to the status quo. Most literature produced heretofore has focused on the surface causes of … More New Book: Varieties of Alternative Economic Systems – Practical Utopias for an Age of Global Crisis and Austerity
William Lazonick, professor at University of Massachusetts Lowell, explains how rationalization, marketization, and globalization characterize the U.S. economy during the past 50 years, and how the behavior of companies and fate of American workers have changed during this process.
By Mark Weisbrot, Lara Merling, Alexander Main, and David Rosnick: This paper looks at two competing views among economists and other observers, of how the French economy can overcome mass unemployment and have a more robust recovery. One view sees the unemployment and economic stagnation of the past decade as overwhelmingly structural. An alternative narrative, … More The French Economy, European Authorities, and the IMF: “Structural Reform” or Increasing Employment?
By John F. M. McDermott. From Palgrave: This book argues that economic activity in the public sphere now underwrites private corporations, and rejects rigid adherence to traditional economic theories that no longer apply. Adam Smith’s widely used “merchant’s model” assumes that most investment is private, when in fact research demonstrates that public investment in the workforce … More New Book: Employers’ Economics versus Employees’ Economy – How Adam Smith’s Legacy Obscures Public Investment in the Private Sector
Originally posted on John Riddell:
A previously untranslated reminiscence by Grigory Zinoviev Grigory Zinoviev, drawing by Yuri Annenkov One hundred years ago today, Vladimir Ilyich Lenin returned to Russia with a small group of revolutionaries aboard the famous ‘sealed train.’ The following reminiscence of this event was written after Lenin’s death in 1924 by Grigory…