The movement of history can be understood as the result of a continual intertwining of…
Japan lowered their interest rates into negative territory…thus charging lenders for not lending money and forcing them to invest in a zero-growth economy. The hope is that it will magically raise the profit rate. Of course it won’t. Japan is the example par excellence of the tendency of the rate of…
“Experience, however, shows that neither a state nor a bank ever have had the unrestricted power of issuing paper money without abusing that power” — David Ricardo
Markets were spooked by the Brexit — the value of the British pound sterling plummeted…
One function of mainstream economics is to advance the idea that Capitalism is the only true way of organizing an…
A bearish mood has washed over the investment world. Everyone knows that the developed economies are…
Technology is the collection of techniques, skills, methods and processes used in the production of goods or…
Robots, computers, the internet, in a word: rapid technological development. This is the material basis of economic crisis we have already experienced in the 21st century and of the…
It is now generally accepted that automation renders much of human labor redundant and that…
The Financial Times reports that British chancellor George Osborne will announce a commitment to put autonomous vehicles on…
The NY Times recently published an article highlighting academic work on the slowing of productivity growth. Another report…
