Michael Roberts blog
Blogging from a Marxist economist
Recent Analysis
Goldilocks and the last mile
Last week, the second estimate for the US real GDP in Q3 of 2023, i.e. national output, was released. It came in at 5.2% on an annualised basis. That seemed a very strong figure, only surpassed in the recent period by Q4 2021, when the US economy was recovering fast from the pandemic slump of…
Why real-world economics matters
Last weekend, I delivered a keynote lecture to economics students at Britain’s Open University on their Economics Day. This is a transcript of my presentation. Today I have been asked to speak on the topic of: Why ‘real world economics’ matters? That title begs a few questions: What is real world economics? And this implies…
Power and progress
Another in my series of book reviews. Daren Acemoglu is a leading expert on the impact of technology on jobs, people and economies. I have referred to his work before in various posts. Now in conjunction with a colleague, Simon Johnson, he has a new book out entitled ‘Power and Progress – a thousand- year…
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