Tag: Michael Roberts

Financial Regulation ‘Has Failed to Protect the Public Interest’, City of London Economist Says

20 August 2020|Sputnik|Mohamed Elmaazi

Bringing the banking system under public control may ultimately be the only way to prevent the ongoing cycle of “scandal after scandal” in the financial sector, long-time economist Michael Roberts tells argues.

Continue reading “Financial Regulation ‘Has Failed to Protect the Public Interest’, City of London Economist Says”

It’s all going pear-shaped

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”