Originally published at Economics from the Top Down Blair Fix Today I’m trying a different type of post — one that’s not a deep dive, but instead, a rapid-fire summary of an important topic. My inspiration comes from Cory Doctorow, a sci-fi author who runs an old-fashioned links blog that he syndicates across the internet. […]
Continue ReadingThe Aggregate Demand Problem in Capitalism Solved
Tim Di Muzio Any student of capitalism knows it is a distinct economic system prone to periodic crises. These crises come in many forms and are typically studied after the fact, as the work of Kindleberger and others have demonstrated. But one of the largest mysteries in political economy is the problem of aggregate demand. […]
Continue ReadingHow the Sacklers rigged the game
Originally published at pluralistic.net Cory Doctorow Two quotes to ponder as you read “Purdue’s Poison Pill,” Adam Levitin’s forthcoming Texas Law Review paper: “Some will rob you with a six-gun, And some with a fountain pen.” (W. Guthrie) “Behind every great fortune there is a great crime.” (H. Balzac) (paraphrase) Some background. Purdue was/is the […]
Continue Reading