By Michael Roberts Last week the US Federal Reserve Bank decided to stop raising its policy interest rate for the rest of 2019. The Fed
Category: Economics Archive
By Michael Roberts Last week, the prestigious Brooking Institution held a conference on the efficacy of monetary policy in stimulating and sustaining economic growth. At
By Michael Roberts I don’t really like the term ‘neoliberal’ because it is used lazily as an alternative to pro-capitalist policies or even to the
By Michael Roberts There is one outstanding statistical feature of 21st century capitalism. Capitalism is increasingly failing to develop what Marx called the “productive forces” (namely
By Michael Roberts After two long and possibly turgid posts analysing Modern Monetary Theory, in this third post, I’m going to look at the practicalities – in
By Michael Roberts In my first post on Modern Monetary Theory (MMT), I offered a general analysis of the theory, its similarities and differences with Marx’s
By Michael Roberts Modern monetary theory (MMT) has become flavour of the time among many leftist economic views in recent years. The new left-wing Democrat Alexandria
By Michael Roberts This year’s World Economic Forum starts in Davos, Switzerland today. Two years ago, Chinese President Xi made the keynote speech, in which
By Michael Roberts The news that the German economy, the powerhouse of Europe, has narrowly avoided a ‘technical recession’ in the second half of 2018
By Michael Roberts January 1 is the 20th anniversary of the launch of the euro and the Eurozone single currency area. Starting with eleven members, two
