My piece on @jacobinmagazin.bsky.social argues that neoliberalism is still alive, and that left politics can’t swap political economy for moral language. The recent changes in the global order are organized by class conflict and geopolitical hierarchy jacobin.com/2026/05/colo...

Still true. Easy subject at which very few excel

My review of Adam Smith's America by Glory Liu nakedkeynesianism.blogspot.com/2026/05/revi...

A brief take on the Robin/Beckert debate and the revival of the Dobb/Sweezy transition debate, on the basis of Corey Robin's review of Sven Beckert's Capitalism nakedkeynesianism.blogspot.com/2026/05/the-...

Behind the mask

Brief note on Stiglitz's article on Keynes for @economist.com nakedkeynesianism.blogspot.com/2026/05/stig...

My brief remarks at the conference nakedkeynesianism.blogspot.com/2026/05/cris...

En camino a Bogotá para esta mesa

A tribute to Conceição Tavares in this paper by Serrano, Carvalho and Summa, that emphasizes her pioneering role in demand-led growth models to understand developing economies. It shows the many influences from Steindl & Kalecki, to Hilferding & Hobson nakedkeynesianism.blogspot.com/2026/04/mari...

Financialization names the rise of finance in economy. But is it cause or symptom? A new phase of capitalism or just one trend? The the term itself may now be too broad to be analytically useful says Jerry Epstein link.springer.com/rwe/10.1057/...

A short note on Skidelsky's passing. He was on the board of The Review of Keynesian Economics, and provided support for ROKE's mission nakedkeynesianism.blogspot.com/2026/04/robe...

For those interested in the antitrust views of Lina Khan, Tim Wu and others related to the Biden administration, there’s an entry on the New Brandeis School written by Mark Glick for the New Palgrave Dictionary link.springer.com/rwe/10.1057/...

Matías Vernengo (@nakedkeynes.bsky.social): "There is no Milei miracle. It’s exchange rate stabilization based on unsustainable external financing paired with painful domestic austerity. Argentina isn’t fixed and the crisis is just deferred".

I’ll be at the Progressive International’s Bogotá event, Economía para la Vida, a public festival and conference on building fair alternatives to today’s global economic order, with speakers including Gustavo Petro and other ministers, economists, and academics

Great conversation with George McCarthy, president of the Lincoln Institute of Land Policy, at BIPP on the roots of the housing affordability crisis in the US. Well worth a watch www.youtube.com/watch?v=tJKS...

First look at the new cover of ROKE launching for the 15th anniversary next year

The oil shock is important and will probably be more persistent in ways the Ukraine one wasn't. However, there are some reasons not to be overly pessimistic yet. In fact, in real terms we are far from the 70s shocks. The share of Middle Eastern global oil production has fallen since the 1970s

It’s worth repeating, there’s no fiscal crisis. Trump is among the, if not the, worst presidents in history. His authoritarian style and his disregard for democracy at the top of the list. Fiscal issues are not the point

These are very important points. The rise of #fascism in Italy and #nazism in Germany could not happen without the buy-in from the big manufacturing companies, crucial engines of innovation and growth at the time. Fast-forward to 2025, and the parade of big #tech CEOs at Trump's inauguration.

People don’t read Kalecki enough. This is from ‘The Fascism of Our Times’ (1964). To be noted that fascism is compatible with diametrically opposed economic philosophies, laissez faire and interventionism

I guess he predicts that Iran won't have any control of the strait of Hormuz in the near future. This is quite something www.wsj.com/opinion/iran...

IDEAS está organizando lecturas orientadas de clásicos de la economía estructuralista latinoamericana (y de Kalecki y Marx que fueron influyentes en el pensamiento de la región). Mas información en el link

“Beijing’s threats of ‘reunifying’ Taiwan have always raised questions about its dependence on foreign oil, because moving on the self-governed island would likely trigger an embargo of fuel deliveries.” Geopolitics, energy shocks and unexpected side effects

Eu fui ver uma palestra dele na Praia Vermelha, na velha FEA/UFRJ acho que por volta de 1990. Tinha lido um livrinho do Rouanet influenciado pela noção de razão comunicativa do Habermas, que surge do dialogo e do consenso www1.folha.uol.com.br/ilustrada/20...

My review of Quinn Slobodian’s Hayek’s Bastards has been published www.elgaronline.com/view/journal...

I’ve often said I had to do therapy to overcome the Schumpeterianism of my teachers. He was an interesting sociologist at best, but not a great economist. The theory of innovation is mostly old marginalism plus heroic entrepreneurs. New post here nakedkeynesianism.blogspot.com/2026/03/on-s...

Salió una nota en @eldestapeweb.bsky.social sobre Milei y lo que aqui llamo subdesarrollo por invitación, discutiendo algunas interpretaciones equivocadas sobre el concepto de Carlos Medeiros (desarrollo por invitación) www.eldestapeweb.com/opinion/esta...

Memory of the day. He was not wrong

Today is the 250 anniversary of Adam Smith's Wealth of Nations. I suggest that he is one of the least well understood early economists nakedkeynesianism.blogspot.com/2026/03/the-...

Isso aqui sugere cooperação com os Estados Unidos. Fica difícil entender como uma conferência na Guatemala põe em risco a segurança do Panamá ou dos EEUU. A Operação Condor tá de volta oglobo.globo.com/brasil/notic...

Rereading this little book of interviews with Claude Levi-Strauss that my mom gave me in the 1980s. Back then I didn’t know that writing and money appeared symbiotically, an accounting method and a unit of account. Writing was connected to power he said

Just reviewed a paper for the Cambridge Journal of Economics. I went and looked at the recommendations that I gave in the last 16 years. 18 rejects, 7 major reviews, 2 minor, and 2 accepts (both minor reviews, and the accepts had been major reviews first). I'm starting to think that I'm reviewer #2

Oil price up by 20% since bombing of Iran and 25% in the past month. This might lead the Fed to hold rates

Tonight at 5:15 EST this talk. Zoom link below bucknell.zoom.us/j/7666835802...

@washingtonpost.com eliminated the Book World section, which was revived out of the Outlook session. Now all are essentially gone. No books, no ideas. Time to rethink my subscription

Andrew Mountbatten-Windsor isn't the first member of the British Royal Family to be arrested, but it hasn't happened in centuries. The last member to be arrested was beheaded.

The study shows that most of the costs of the tariffs, which were heightened to levels not seen since the 30s, were paud by consumers. However, inflation remains at 2.4% and wages at the bottom grew faster libertystreeteconomics.newyorkfed.org/2026/02/who-...

15 years of the Naked Keynesianism blog nakedkeynesianism.blogspot.com/2026/02/nake...

Since the Easterns will not be in the US this year (in the Dominican Republic in May), John Jay and the New School Econ departments are organizing a conference on the traditional date (last weekend of February) in New York. More info in the link, including registration and the program

Paper on Brazilian stagnation from 2015 to 2022. Note that it started before the coup against Dilma in 2016, and that some of the same mistakes of Dilma II are being reproduced by Lula III nakedkeynesianism.blogspot.com/2026/02/the-...

Teaching about the Great Depression and the New Deal (not sure it’s the Holy Grail of macroeconomics). At any rate, who said this?

One of the main differences between the first and second terms, so far, is the extent to which the graft has expanded, and how little it has been discussed by the media www.ft.com/content/129b...

Forget greedflation, the issue is gradeflation www.nytimes.com/2026/01/29/u...

Missed this from @nakedkeynes.bsky.social nakedkeynesianism.blogspot.com/2026/01/cent...

This murder may only be justified by those who view defending immigrants as a provocation, similarly to how white supremacists once justified violence (even murder) against civil rights activists

My interview with NPR’s Marketplace on economic language is linked here nakedkeynesianism.blogspot.com/2026/01/on-l...

Yeah, it was Dilbert that took away good jobs, not the decline of unions. The guy was terrible, but this is just silly

The Review of Keynesian Economics will sponsor the 9th Godley-Tobin Memorial Lecture next July in Rio with Jayati Ghosh @elgarpublishing.bsky.social

🚨 Out Now: The Elgar Companion to the Economies of Latin America and the Caribbean, edited by Francisco Rodríguez 🟠Learn more: www.e-elgar.com/shop/isbn/97... 🆓 Open Access Chapters: doi.org/10.4337/9781...

Contributors include: @tamboduc.bsky.social, @isabelestevez.bsky.social, @jakobjohnston.bsky.social, @nakedkeynes.bsky.social