Michael Roberts blog
Blogging from a Marxist economist
Recent Analysis
Stagflation: a demand or supply side story?
The semi-annual meetings of the IMF and World Bank start today where finance ministers and central bankers will meet in a slimmed-down but in-person gatherings in Washington. This meeting is likely to be overshadowed by the scandal involving the IMF chief Kristalina Georgieva, who may well have been forced to resign as I write afterContinue reading “Stagflation: a demand or supply side story?”
China at a turning point?
The debt problems afflicting China’s real estate market deepened this week after another property developer defaulted on its bonds and the world’s most heavily indebted property group Evergrande extended a suspension of its shares into a second day without explanation. Fantasia Holdings, a mid-sized developer, that just weeks ago assured investors it had “no liquidityContinue reading “China at a turning point?”
MMT and Marxist monetary theory – a reply to Bill Mitchell by a man with no name
Bill Mitchell is a Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at the University of Newcastle, NSW, Australia. Professor Mitchell is one of the world’s leading exponents of what is called Modern Monetary Theory (MMT). MMT has gained traction in the labour movement in recent years on the groundsContinue reading “MMT and Marxist monetary theory – a reply to Bill Mitchell by a man with no name”
