Michael Roberts blog
Blogging from a Marxist economist
Recent Analysis
Covid and fictitious capital
During the year of the COVID, output, investment and employment in nearly all the economies of the world plummeted, as lockdowns, social isolation and collapsing international trade contracted output and spending. And yet the opposite was the case for the stock and bond markets of the major economies. The US stock market indexes (along withContinue reading “Covid and fictitious capital”
Biden’s four years
It’s inauguration day. There is a new president in the US, the most powerful capitalist economy and state in the world. Joe Biden’s four-year term begins today, as Donald Trump slinks off to his Florida estate and golf course, after saying that his “movement is just beginning”. What is the state of the United StatesContinue reading “Biden’s four years”
ASSA 2021: part two – the radical answers
At the annual conference of the American Economics Association (ASSA), there are sessions hosted by the Union for Radical Political Economics (URPE) for Marxist and other heterodox economists to present papers. At this year’s ASSA 2021, many of the URPE sessions were concerned with the economic impact of COVID-19 and climate change, as did theContinue reading “ASSA 2021: part two – the radical answers”
