Recognizing and understanding the seminal role that the Kennedy tax cuts and those 15 years of inflation played in the cascade of deregulation and class entrenchment that put us where we are is necessary for plotting appropriate course corrections, but it is not sufficient.Identification of the...

An increasing number of researchers, whether in Sweden, Slovakia, Italy, Japan, Brazil, or many other places, are using English in their discourse, written or oral, despite working in a place where the native language is not English. To convey insights and research results to the general public...

In an age of scepticism about the relevance of neoclassical economics for today's economic policy, it's easy to argue that what went wrong lay primarily with the discipline's over-reliance on highly idealized theories such as rational choice and rational expectations in applied policy research....

An increasing number of researchers, whether in Sweden, Slovakia, Italy, Japan, Brazil, or many other places, are using English in their discourse, written or oral, despite working in a place where the native language is not English. To convey insights and research results to the general public...

Nigerian economy is very sensitive to happenings in the global crude oil market due to Nigeria dependence on the black gold. The recession Nigeria found herself in 2016 was mainly caused by the fall in the international price of crude oil. It is the same factor that also help to explain Buhari...

This paper is an account of the history of the attempt by Léon Walras to be awarded the Nobel Peace Prize for 1906. It describes Walras’ moves to get three of his Lausanne colleagues to nominate him for the Prize, the arguments advanced in the proposal, and the reception that it received by...

For the first time since the 1930s, deflation in both goods and asset prices poses as much, or more, of a threat than does inflation. In this paper we explore public and policy maker perceptions and reactions to deflation covering the period from the late 19th century until the present. We also...

This paper addresses the limitations of Modern Money Theory (MMT) as a guide to development policy. We explore two central questions on this topic: whether MMT policies 1) ought to be implemented in low- and middle-income economies and 2) can be implemented. In relation to the first question, we...

This article posits the issue of American poverty and governments' inability to significantly alter this adverse social condition. While data suggests there has been a substantial and measurable improvement in poverty rates over the past four decades, the fact remains, poverty is an inherent and...