An article on the “Non-Accelerating Inflation Rate of Unemployment” and how it is simply a rationale for class warfare (by the rich). Prompted by Edmund Phelps winning the (non-)Nobel prize for economics in October of 2006.
(more…)Category: Economics
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Sacrifices are required to appease Capital, says Bank of England
Why working class people need not pay the price of the mistakes of capital. Written for Freedom in 2006.
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Capitalism is losing its Barings?
This first appeared in Scottish Anarchist Number 2 (1995) and was written in response to the collapse of Barings Bank. It discusses the issues associated for anarchists and labour with the increased globalisation of capitalism. Some slight changes have been made to fix typos and add references.
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Lies, Damn Lies and Economics
A review of five works on economics and the economy published in the late 1990s. It was my first significant article for the magazine Black Flag, whose editorial committee I had just joined. It appeared in Black Flag No. 215 (1998)
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Review: Debunking Economics
Review of an excellent book on the weaknesses of neo-classical economics by post-Keynesian economist Steve Keen. An expanded second edition appeared a few years later.
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