24 August 2019|The Interregnum|Michael Roberts
Long time City economist Michael Roberts writes that the decline in the rate of profitability in the US economy (as well as others) is leading to a recession. Roberts, using a Marxist critique, argues that Keynesian, Post-Keynesian, and Modern Monetary Theorists – while well meaning – are incorrect in their belief that a government-backed stimulus will either prevent a recession, or result in recovery from one.
Continue reading “It’s all going pear-shaped”
