Virtually everyone—left, right, and center—believes that capitalist economies are autonomous, coherent, and regulated by their own internal laws. This view is an illusion. The reality is that economies organized around the pursuit of private profit are contradictory, incoherent, and heavily...

This paper challenges the conventional belief that household saving in the U.S. declined during the Reagan Years. The paper proposes a definition of the household financial surplus that is available for use by corporations and the public sector. It shows how existing measures of household saving...

The articles in these volumes raise a number of important issues that deserve more elaboration in future scholarship. This postscript touches on three of them. The first is the impact of the financial crisis on the discipline of economics and particularly the tendency of that discipline to...