There’s an old joke that economics is too important to be left to economists. In the same vein, I think rich people are too important to be left to the self-help industry. Yes, the popular appeal of you-can-get-rich-too books is […]
Stocking Up on Wealth … Concentration
Cui bono? For whose benefit? Think of this question as a sword — a sharp piece of steel that cuts through bullshit. In this post, we’ll use it to slice through business-press bullshit about the stock market. You know the
When Stocks Go Up, Who Benefits?
Economists are not known for their literary imaginations. Flip through any economics textbook and you’ll find a barrage of terms like the ‘Philips curve’ and the ‘Fisher effect’. The jargon is simple enough — empirical relations are usually named after
The Great Gatsby Curve Among America’s Über Rich
There is little doubt that, in the last hundred years or so, progress has been made in lifting more people out of extreme poverty (World Bank 2020). Yet, considerable economic inequalities both within and between nations persists and, as recent
Capitalism, Money and Inequality in the World
The term “COVID capitalism” designates the ways capitalism and the novel coronavirus alter and amplify one another. In this paper, I look at four major features that characterize this relationship so far. (1) Capitalist extraction and urbanization increase exposure to new
Originally published by Grazia Tanta. Summary 1 – Demography reflects the capitalist drift and its promoters 2 – Demographic trends in the European regions 3 – The enduring demographic inequalities 4 – Permanent internal regional inequalities 1 – Demography reflects the capitalist
Demography in Europe – a world of inequalities (2015-2020)
Tim Di Muzio & Richard Robbins This article seeks to contribute to the existing critical debates on money and debt by advancing three main arguments. First, largely due to such debates’ tendency for description, the article argues that in in
Capitalized Money, Austerity and the Math of Capitalism
What becomes of class when residential property prices in major cities around the world accrue more income in a year than the average wage worker? This paper investigates the dynamic of combined wage disinflation and asset price inflation as a
Class in the 21st century: Asset inflation and the new logic of inequality