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Michael Roberts blog

Blogging from a Marxist economist

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A people’s guide to capitalism

It is not easy explaining relatively complex ideas in a simple and clear manner.  Ask any teacher.  It’s a skill lacking in many.  Hadas Thier has brilliantly succeeded in that challenge with her book introducing Marxist economics.  She has delivered a clear, straightforward and entertaining explanation of all Marx’s basic theoretical insights into the natureContinue reading “A people’s guide to capitalism”

COVID and the trade-off

Last April, as the coronavirus pandemic took off, I ventured into an analysis of its health and economic impact.  As I said at the time, “It is a risky thing to start analysing the COVID stats and coming up with some conclusions at this still early stage of the pandemic.  It is even riskier forContinue reading “COVID and the trade-off”

The IMF smokescreen

In its latest World Economic Outlook report, the IMF again tackled the issue of climate change, global warming and what to do about it.  As it did last year, the IMF recognised that climate change was a burning issue for humanity and the planet.  But this time it claimed that there were policy options thatContinue reading “The IMF smokescreen”