Employers crave the power to fire workers whose performance is judged inferior-not just to get rid of those particular workers, but more importantly ….

Kalecki thus precisely predicted the economic and political U-turn that occurred with the advent of neoliberalism. Kalecki also argued that fundament….

With joint-stock corporations, investors can place bets on the success of many different companies, without having to play a central management role ….

Like a forensic accountant trying to solve a corporate fraud, following the trail of money around the circle is a good way to understand what actuall….

Growth can also involve producing services instead of goods. In particular, a major expansion of public and caring services (like child care, educati….

Indeed, if communist central planners could have organized the economy with as much detail, precision, and flexibility as a modern-day Toyota or Wal-….

Everyone has an interest in the economy: in how it functions, how well it functions, and in whose interests it functions..

This relationship is the foundation for the argument, made by some trade unionists and labour advocates, that high wages can actually be "good for bu….

Never trust an economist with your job. Learn about economics yourself. And make up your own mind about what might protect your job - and what might ….

Apart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. ... In dev….

Economic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either..

We know that investment causes growth. But it is also true that growth causes investment..

Proving that profit is economically and morally justifiable, rather than the result of exploitation, has been a central preoccupation of neoclassical….

One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, ….

Competition-ruthless, unforgiving, to-the-death competition-is a crucial feature of capitalism..

The total dividend income declared in 1995 by the bottom 9.7 million Canadian tax-filers (47% of all those submitting tax returns) was $310 million. ….

If you want poor people to work you restore their incentive by giving them less, such as by cutting social services. If you want rich people to work ….

The only factor that poses a genuine challenge to the current order is the willingness of human beings to reject the injustice and irrationality of t….

Capitalism, in contrast, has existed for fewer than 300 years. If the entire history of Homo sapiens was a 24-hour day, then capitalism has existed f….

Try this: say the words "global, global, global" aloud several times, as fast as you can. You'll find yourself sounding like a turkey ("gobble, gobbl….

Economics is a social science, not a physical science..