Economics and politics - comment and analysis

An interview with Heiner Flassbeck on The Real News Network about Trump, free trade, stimulus, investment and wages

Heiner Flassbeck gave an interview to The Real News Network on February 21st. The interview is about Donald Trump’s policies, but it is actually much broader than just that. It deals with fundamental questions of what economics should be about – essentially simple questions that the mainstream ignores because in their ideological framework these questions cannot even be asked. …

More …

How to destroy neoclassical economics

Why neoclassical economics needs to be destroyed
Neoclassical economics hopelessly confuses many people. Personally, I felt better when Galbraith compared neoclassical economists to Randolph Churchill’s surgeons in one of Evelyn Waugh’s books – they found the only part of his body that was not malignant, …

More …

Climate change: three tales about extraordinary insanity. Part two. What to do about climate change deniers?

Introduction
Although it is by now clear that humanity finds itself in major trouble, deniers are not stopping their attempts to manipulate public opinion. These people have been a curse for many decades. As I said in the first part, a new study by Friedrich et al. …

More …