Michael Roberts blog
Blogging from a Marxist economist
Recent Analysis
US economy: beneath the bombast
Amid all the bombast and threats over Greenland in his Davos speech, US President Trump made a series of boasts about the success of the US economy, which was, of course, down to him. “Growth is exploding, productivity is surging, investment is soaring, incomes are rising, inflation has been defeated,” he told the gathering of…
From Monroe to Donroe, Greenland and Carney
Today, US President Trump makes his speech to the assembled political and economic leaders of world capitalism at the World Economic Forum in Davos, Switzerland. The main issue before is, amazingly, the Arctic island of Greenland. Greenland? – how did that name come about for an area that is mostly covered in ice? Apparently, it…
The consensus: from Washington to London
The Washington Consensus was a set of ten economic policy prescriptions considered in the 1980s and 1990s to constitute the “standard” reform package promoted for crisis-wracked developing countries by Washington DC multilateral institutions, the International Monetary Fund (IMF) and the World Bank. The Washington Consensus term was first used in 1989 by British economist John Williamson and was the foundation for global policies designed…
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