"For me, economics is a science, testing theory against evidence. But it is a ‘social’ science looking at the changes in the aggregate, not a science of individual behaviour."
Tag: Michael Roberts
Depression and creative destruction – Michael Roberts
"Marx saw creative destruction as raising the rate of profitability as the small and weak were eaten up by the large and strong."
Gold: what’s behind the boom? – Michael Roberts
Economist Michael Roberts examines how gold has come to be traded at all time high prices.
Sustainable development, unsustainable debt & capitalism’s crisis
Economist Michael Roberts assesses the relationship between global development and debt.
Abundance or scarcity? – Michael Roberts Reviews New York Times Bestseller and Finds it Lacking
"This book has an abundant title, but a scarcity of answers" - Economist Michael Roberts reviews the new book that has attracted attention among mainstream economists and politicians.
Forecast 2025: roaring or tepid? – Michael Roberts
Socialist Economist Michael Roberts takes stock of his predictions for 2024... and gives his forecast for the world's major economies for 2025.
US Election Analysis: Inflation, Immigration and Identity – Michael Roberts
An in-depth run-down of the voting demographics and political drivers of Trump's election.
Trump will put billionaires, corporations & fossil fuel companies first – Michael Roberts
Nearly every incumbent government in office during the pandemic slump and post-inflationary period has been ousted from power, writes Michael Roberts.
UK Budget: No Game Changer – Michael Roberts
"The government has found some more money to spend on public services – but actually only an increase of 1.5% a year. The general approach is unchanged."
Jackson Hole – Bankers celebrate themselves despite our economic woes
Michael Roberts takes a look at this year's 'symposium' of central bankers in Wyoming and what their approach reveals about the global economic picture.