Monday, May 15, 2023

The Forgotten Case Against Milton Friedman: Jacobin's Interview with Tom Palley

 

In 1967, Milton Friedman launched a counterrevolution in economics that overturned the Keynesian theory of inflation. Three years later, economist James Tobin issued a powerful theoretical rebuttal — but in the economics mainstream, it’s been all but forgotten.

Read full interview here.

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The World Upsidedown: Progressives and the Return of the Victorian Policy Consensus

  Eminent Victorian?   The complete shitshow that US trade policy has become has led to a paradoxical result. Many progressive critics of Fr...