Friday, April 27, 2018

The Italian crisis in historical perspective

In one graph. Source is this twitt from Gennaro Zezza. Real consumption per capita, not GDP (just making sure nobody gets confused).
Note that while the crisis is considerably less profound (right axis for the current one), it is already going to be considerably more prolonged. Not sure what's worse really.

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Surplus approach, Historical Materialism, and precapitalist economies:

New Paper by Sergio Cesaratto on a topic closely related to what he has discussed here before. From the abstract: In the classical economis...