By Michael Roberts Economic growth The US economy unexpectedly contracted by 0.4% in the first quarter of 2022, compared to the previous quarter, due in
Category: Economics Archive
By Michael Roberts The Great Recession of 2008-9 was a turning point for the US global strategy. Up to then, the general aim was to
By Michael Roberts Apart from inflation and war, what grips current economic thought is the apparent failure of what mainstream economics likes to call ‘globalisation’.
By Michael Roberts The inflation debate among mainstream economists rages on. Is the accelerating and high inflation rate of commodities here to stay for some
By Michael Roberts As the ugly war in Ukraine drags on, with more lives lost and atrocities (apparently) committed, energy and food prices hit yet
By Michael Roberts Last week, Ghana’s central bank announced its biggest ever interest-rate hike as it sought to slow rampant inflation that threatens to create
By Michael Roberts Last summer when the US fled Afghanistan, I wrote a post on the history of US dollar dominance. I argued then that
By Michael Roberts The Russian invasion of Ukraine grinds agonisingly on with more dying and displaced and with further destruction of Ukrainian cities, farms and
Wages, Prices and Profit (also known as “Value, Prices and Profit”) was written by Karl Marx in 1865, just as his main work “Capital” was
By Michael Roberts “The war in Ukraine is like a powerful earthquake that will have ripple effects throughout the global economy, especially in poor countries”.
