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Marx’s Concept of Socialism

Peter Hudis Economic and Political Weekly
While Marx never devoted a specific work to a discussion of life after capitalism, his distinctive critique of the central realities of capitalism is far more liberatory than has generally been appreciated.

Taking the "Con" Out of Economics

A recent “Spreadsheet Scandal” has rocked the economics world. It has eliminated the last remaining technical argument in support of the President’s “chained CPI” Social Security cut. Earlier this year the IMF admitted they had made errors in their modelling of expenditure multipliers. Now, the darlings of the austerity cultists – Rogoff and Reinhart – has been exposed for errors in spreadsheet coding. Who is ever going to take responsibility for these travesties?
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