The state and financialization: explaining recent European labor market policy

By Charles Umney, Ian Greer, Özlem Onaran, Graham Symon Why have neoliberal labor market policies survived the 2008 financial crisis? It cannot be because of their success. There is mounting evidence that measures such as restraining European workers’ wages are not effective ways of generating stable growth. Likewise, converting social democratic welfare states into ‘workfare’ … More The state and financialization: explaining recent European labor market policy

A crisis gone to waste

After the Great Depression, global capitalism underwent serious reform. Why didn’t that happen after 2008? Matias Vernengo, Professor of Economics at Bucknell University, explains how a crisis can reveal that the dominant neoliberal orthodoxy is in fact based on a shaky theoretical foundation. But for new economic thinkers to capitalize on that requires a clearly … More A crisis gone to waste

New Book: Reading Marx

By Slavoj Žižek, Frank Ruda, & Agon Hamza. From Polity Press: Marx’s critique of political economy is vital for understanding the crisis of contemporary capitalism. Yet the nature of its relevance and some of its key tenets remain poorly understood. This bold intervention brings together the work of leading Marx scholars Slavoj Žižek, Frank Ruda … More New Book: Reading Marx

Argentina: From the “confidence fairy” to the (still devilish) IMF

Originally posted on Critical Macro Finance:
Guest post by Pablo Bortz and Nicolás Zeolla, Researchers at the Centre of Studies on Economics and Development, IDAES, National University of San Martín, and CONICET, Argentina. In recent days, it has become customary to recall the issuance of a USD 2.75 billion 100-year bond in June 2017. This…