By Michael Roberts There has been a huge exodus of Ukrainians into neighbouring countries fleeing the war in their country- three million and counting. Just
Category: Economics Archive
By Michael Roberts One of my basic theses about modern capitalism is that since 2008, the major capitalist economies have been in what I call
By Michael Roberts In South Korea’s presidential election, held every five years, the conservative candidate, Yoon Suk-yeol of the People Power Party gained a narrow
By Michael Roberts In several previous posts, I have highlighted what are called ‘zombie’ companies (companies whose regular profits do not even cover the cost
by A Pollock The cost of living has become a talking point and is now picking up energy. We have all heard the economic forecasts
By Michael Roberts The economic war between the US-led NATO group and Russia is hotting up alongside the real war in Ukraine itself. In response
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The wealth of nations
By Michael Roberts Marx’s first sentence in Capital Volume One is: “The wealth of those societies in which the capitalist mode of production prevails, presents
By Michael Roberts The debate among economists continues on whether the recent hike in inflation rates in the major economies is due to a ‘supply
By Michael Roberts As the drums of war sound for Ukraine, what will be the impact on Ukraine’s economy and the living standards of its
By Michael Roberts Let me start this post by quoting Noah Smith, liberal economist and Bloomberg journalist from his blog on Modern Monetary Theory (MMT):
