Economists have seriously failed the public in important areas over the last three decades. And these failures played a role in fostering the upward redistribution of income over the last four decades. People have a right to be angry.
Leading economists' misdiagnosis of inflation in 2021-22 was the latest episode in a long-running series of failures. Either mainstream economists need to re-examine their core beliefs, or the profession needs a new mainstream.
He redefined economics, forging a way forward that does not include the destruction of our environment for economic gain
A systemic look at the evolving intellectual career of New York Times economics writer and Nobel laureate Paul Krugman in his shift from herald of neoliberal globalism to an emphasis on class and the public policies that address social inequities.
One thing seems clear: we are not going back to where we were, to business as usual. Greece's former finance minister Yanis Varoufakis and Irish economist David McWilliams on the hope for a global new deal.
Rating Capitalism and Socialism * Goodbye, Columbus * Christian Nationalists * Ivory Tower Economists * Power and Hip Hop * The Antiwar Right * New Anticommunism * From Fight Club to Joker
All the news that's fit...well, it seems the NYT news story has been tailored to fit the editorial views of the paper. There are undoubtedly many left of center economists who have serious objections to the proposals Sanders has put forward, there are also many who have publicly indicated support for them. He has not given a fully worked out proposal for many of his ideas, nor is it reasonable to expect a fully worked out proposal from a candidate for the presidency.
26 top world economists say austerity is not working, won't and can't. The future of the EU is at stake in the negotiations between Greece and its creditor institutions, now close to a climax. To avoid failure, concessions will be needed from both sides. From the EU, forbearance and finance to promote structural reform and economic recovery, and to preserve the integrity of the Eurozone.
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