Category Archives: Profits

Interview on CBC Central Morning

Posted on October 19, 2011 by

CBC Radio Central Newfoundland Morning aired an interview they did with me about inequality and the future of development in Newfoundland and Labrador.  The pod cast can be found here.  It is the last of the three interviews on the … Continue reading →

Posted in development, Inequality, Profits, regional political economy | Tagged | Leave a comment

Reswitching, relative prices and linearity

Posted on August 7, 2011 by

Ok so only 1000 people in the world understand this and only 10 care about it: economics for the most part has long since given up its empirical pretensions when it comes to its ontological assumptions.  Still I suspect the … Continue reading →

Gallery | 4 Comments

Two paradoxes. Why?

Posted on February 2, 2011 by

Why am I thinking about the paradox of thrift and the paradox of production costs?

Gallery | Leave a comment

Goldman Sachs, Market Makers and standard economic theory

Posted on April 27, 2010 by

I wish I had the time to work through this more systematically but I do not. But can anyone watching the US senate grilling of G&S execs believe in the micro-foundations of orthodox economics (scientific liberalism)? What I liked was … Continue reading →

Posted in American politics, Capitalist Consupmtion in the Modern Age, Class War, economic crisis, Finance, Financial Regulation, Free Markets, Profits, Real Economists | 1 Comment

Stiglitz: Capitalism is Characterized by Big Bubbles and more

Posted on February 27, 2010 by

Stiglitz is one of the few (liberal) economists who is not suffering from a massive bought of cognitive dissonance owing to the GFC. This hour long interview with Joseph Stiglitz is well worth watching. Don’t have an hour? Then watch … Continue reading →

Posted in American politics, central banks, Corruption, economic crisis, Finance, Financial Regulation, Free Markets, Gov Debt, housing prices, liberal economic theory, Neoliberalism, Price Mechanism, Profits | 1 Comment

Krugman should talk to the CD Howe about Canadian Banking policy

Posted on January 30, 2010 by

Canadians’ need to be mentioned south of the border will probably find some glee in Krugman’s musings on the Canadian policy conversation. But as edifying as it is to be talked about in such a positive light by such a … Continue reading →

Posted in Canadian Politics, Finance, Financial Regulation, Free Markets, M&A, Profits | 4 Comments

Are currency traders and Bank economists dumb as a sack of hammers?

Posted on October 21, 2009 by

The short answer is no despite what has been argued here and here.  Bank economists may be a comfortable and no doubt arrogant bunch (imagine combining the natural arrogance of economists with the comfy smugness of Canadian bankers… thankfully a … Continue reading →

Posted in Canadian Politics, central banks, Exchange rates, Profits | Tagged , , , , | Leave a comment

Another repentant steps into the Confessional: Jack Welch

Posted on March 12, 2009 by

Jack Welch, the legendary CEO of GE who defined “shareholder value” as the leading performance metric, came out today in the FT and declared: “On the face of it, shareholder value is the dumbest idea in the world,”

Posted in economic crisis, Neoliberalism, Profits | Tagged , , | Leave a comment

Unemployment and recovery: debating the future

Posted on January 11, 2009 by

A conversation over at PEF, instigated by Jim Stanford’s modeling exercise with respect to what the future holds for unemployment, prompted me to put down some of my thoughts about the future path of economic growth. On commentator suggested that … Continue reading →

Posted in Canadian Politics, economic crisis, Free Markets, liberal economic theory, Price Mechanism, Profits, unemployment, welfare state | Leave a comment

Comment on Corporate Profits in BC

Posted on May 22, 2008 by

Travis Fast Yesterday I posted on the subject of corporate profits and their relationship to total labour income. Today I am simply throwing up this graph with the OHPs removed from the series in response to a little debate that … Continue reading →

Posted in Neoliberalism, Profits | Tagged | Leave a comment