Tag Archives: economics

Labor’s Falling Share, Everywhere

When I was getting my feet wet in economics back in the late 1970s and early 1980s, it was conventional wisdom that the share of national income going to labor fluctuated a bit from year to year, but didn’t display … Continue reading

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“The UK Is Putting Young People Into Indentured Servitude”

Albert Edwards, the famously bearish strategist at Societe Generale, has a new note that goes to town on U.K. chancellor George Osborne, who, as part of his budget plan unveiled in March, proposed that the U.K. get more involved in … Continue reading

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Watch out, George Osborne: Smith, Marx and even the IMF are after you

When even the IMF’s free market ideologues recoil from the UK chancellor’s austerity politics, democracy itself is at stake George Osborne and his Treasury officials are gearing up for a fight. They’ve promised to make life difficult for the other … Continue reading

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The Layman’s Case Against Austerity

By Stephanie Kelton. Cross posted from New Economic Perspectives Steve Kraske of The Kansas City Star recently interviewed me for a piece about austerity.  The story ran in today’s paper. It doesn’t provide much depth (unlike bloggers, journalists have strict space constraints!), so … Continue reading

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From the BBC: how not to eat healthily for £1 a day

Originally posted on Aethelread the Unread:
The BBC have published an article by one Brian Milligan, which purports to show that it is possible to eat a healthy, varied diet for less than £1 a day. The article is –…

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UK public finances show January surplus

The UK’s public finances recorded a surplus of £11.4bn in January, £5bn higher than in the same month last year, according to figures from the Office for National Statistics (ONS). January often records a surplus thanks to an influx of … Continue reading

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A million working adults face benefits cuts next year

Nearly 1.2 million people may be sanctioned if they do not obtain extra work, increase their hours or find a higher paying job Nearly 1.2 million working adults will for the first time next year face losing some of their benefits if they do not co… Continue reading

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