As a recent article in the The New Republic notes, the word "socialism" has become virtually meaningless in American politics. President Trump throws the word around as a scare tactic , Kamala Harris disavows it, Bernie Sanders and Alexandria Octavio Cortes celebrate it, while others use it as a euphemism for National Health Insurance. It is not surprising … Continue reading Who’s afraid of Socialism?
I received notice today that my Sabbatical request for Spring 2020 has been approved. This is of course great news. In celebration, I decided to put some thoughts on paper, with the caveat that today's entry, as with my last one, is just "thinking out loud". My hope is by that time I will be … Continue reading A note on “Political Marxism”
In this entry I will lay out a short, preliminary sketch of some philosophical problems in Evolutionary Political Economy. The reader may wish to note that this is part of a planned book length project on evolutionary political economy and that the problems I am writing about today are intended to form at least part … Continue reading Evolutionary Political Economy and Philosophy
In a recent Article in American Affairs, economist Phillip Mirowski presents an interesting and cogent argument that Neo-liberalism is a well organized, well funded, and quasi-coherent vision of political economy. He argues for the existence of what he terms a Neo-liberal Thought Collective (NTC) which only partially overlaps with Neo-Classical Economics. In Mirowski's view, the … Continue reading The Greatest Trick of the Devil
I had a great discussion/exchange of views today with my friend and colleague in the English and Humanities Department, Mich Niyawalo, on The Economic Consequences of the Peace. I can say quite honestly that I learned a bit from Mich's presentation and our conversation afterwards. Professor Niyawalo will be providing me with a written text … Continue reading Initial Reflections on today’s exchange.
In a previous post I discussed the recent turn of some notable mainstream economists towards reconsideration of Alvin Hansen’s thesis of secular stagnation. It would seem that there is a more general trend at work here, which embodies at least two themes: A modest revival of some parts of the “Old Keynesian” class of models, … Continue reading Slouching Towards Secular Stagnation: Part 2
Since this is my first post a few prefatory comments are in order. This blog is not necessarily directed (or at least not uniquely directed) at people with a technical understanding of economics. The second prefatory comment is a disclaimer: the last few years of my life have been a blur of either teaching (as … Continue reading Slouching towards secular stagnation.