Inequality is the modus operandi of the economy. utahvanguard.medium.com/on-economic-...

My latest post…...https://annpettifor.substack.com/

Protesting Northwestern U’s Flawed Compulsory Training on Criticism of Israel as “Antisemitism”

Fair Trade ostensibly presents itself as an oppositional force, aiming to forge direct, more equitable international trading partnerships. Alas, it constitutes an illusory promise, which ultimately reinforces unequal exchange. utahvanguard.medium.com/the-fair-tra...

The conventional conception of business competition postulates a static, zero long-run rate of profit. This is fallacious. utahvanguard.medium.com/a-short-note...

A graphical summary of Nicos Poulantzas argument about the rise of totalitarianism in Italy and Germany in his book Fascism & Dictatorship. The graphic is from Dylan Riley's brilliant forward to the book. It is hauntingly familiar, and almost echoes in our own time.

I have an essay in the latest issue of New Labor Forum. The whole issue looks great… especially the @cgmaisano.bsky.social article on the future(lessness) of conservative leftism. Thanks to @micahuetricht.bsky.social for the editing help!

This recent Fed rate cut credit will primarily facilitate short-term investments and benefit capital positions, as opposed to stimulating the real economy, owing to insufficient effective demand. utahvanguard.medium.com/a-short-note...

The prevailing atmosphere of widespread frustration, cynicism, and despair is not a series of disconnected or random events. Rather, it represents a direct and causal consequence of the anomie inherent in capitalism. utahvanguard.medium.com/the-cultural...

The housing crisis in America won’t be solved by more markets or endlessly tinkering with the fine print in the zoning laws. If we want our cities filled with working people rather than empty second homes, consider what the socialists of Paris are doing. From The Big Read at the @financialtimes.com:

Güne Fields'tan bir okuma önerisi hediye etmiş olalım. Kendisi bizde de epey meşhur ve dillere pelesenk "maliye politikası para politikasına eşlik etmiyor" şarlatanlığına dair de iyi bir tablo hazırlamış.

Looking forward to this discussion with comrades that are familiar with the German socialization debates ca 1919 and the calculation debates a decade or so later. Excited to learn something new.

The current weakness of the US labor market, as manifested by a four year high in the official unemployment rate, which excludes discouraged workers, constitutes a long-run expected outcome of monetary & fiscal austerity. utahvanguard.medium.com/weakening-u-...

The world is characterized by a multifaceted crisis of systemic exploitation. It’s not isolated but resonates across all societal strata, Amidst this widespread distress, an undercurrent of revolutionary impetus endures. utahvanguard.medium.com/praxis-reima...

Old @nytimes.com headline of a fight between the President and the Fed. This was before the Treasury-Fed Accord of 1951. Eccles was for supporting of fiscal expansion in the '30s, providing a guarantee for the 2.5 interest on long-term bonds, and then for independence, after he was demoted by Truman

Positing the economy as a demand-led, inherently unstable system constrained not by a static productive capacity but by its own structural contradictions, offers a far more accurate understanding of macroeconomic dynamics. utahvanguard.medium.com/economic-gro...

The US Constitution is revered like the Bible. Far from an emblematic celebration of democracy, it is a foundational social and ideological document whose reactionary origins have enabled a uniquely US trajectory of fascism. utahvanguard.medium.com/the-us-const...

Brief impressions of two books: Slobodian's Hayek's Bastards and Wasserman's Marginal Revolutionaries. On the rise of paleo-libertarians and the relation with the Austrian school nakedkeynesianism.blogspot.com/2025/08/marg...

Just one more footnote to my reading of Wasserman's book, on his comments on Bob Heilbroner. I didn't have much contact with Bob, but enough to think that some of his points seem incorrect to me. At any rate, for those interested nakedkeynesianism.blogspot.com/2025/08/was-...

"The outlook and changes to the framework from Powell may be perceived as hawkish, especially at a time when financial markets expect imminent rate cuts. More accurately, this is what the Fed looks like when navigating risks to both sides of its mandate." stayathomemacro.substack.com/p/framing-up...

We've made a pack of accounts to follow who are posting updates from DC. Check them out here: go.bsky.app/4xmJFQr

❤️ Books Upstairs, Dublin. #SolidarityIsAVerb 🇵🇸

US: Excessive Force Against LA Protesters #Refugees

YIMBY/Abundance does not, by definition, deliver the positive welfare gains its proponents predict. The idealism perpetuates the very issues it purports to resolve. utahvanguard.medium.com/the-illusion...

More than 40 percent of U.S. citizens are in some form of medical debt. These Americans explain why they left for Italy, South Korea and France, after crippling debt or a lack of coverage left them afraid to seek medical help at home.

Neoliberalism engenders a profound crisis of despondency, which precipitates a social condition of political stasis that a contemporary fascist form is uniquely positioned to exploit. utahvanguard.medium.com/the-neoliber...

Neoliberalism is responsible for neofascism. This necessitates a profound reevaluation of social norms, that is, an unwavering commitment and dedication to the principles of social justice and human dignity. utahvanguard.medium.com/neofascism-n...

The modern world-system, by the very nature of its laws of motion, yields the emergence of surplus populations. utahvanguard.medium.com/on-genocide-...

A manifesto, to transcend intellectual divisiveness and offer the conceptual framework necessary for effectively challenging the violence of mainstream orthodox economics. utahvanguard.medium.com/the-heterodo...

Comparative advantage is a myth. Absolute advantage is the empirical reality. utahvanguard.medium.com/purchasing-p...

Far from representing a politically neutral, technical, institutional arrangement, Central Bank Independence is a myth that functions as a sophisticated mechanism of social control. utahvanguard.medium.com/central-bank...

I think Keohane and Nye @foreignaffairs.com exaggerated the possibilities of American decline. @profdavidfields.bsky.social counters their views. He goes a bit further than I'd go, suggesting there isn't a substantial challenge nakedkeynesianism.blogspot.com/2025/08/the-...

An assumption of the United States’ global position posits precipitous hegemonic decline. This is naive. To effectively build a counter-hegemonic historical block, it is crucial to grasp the actual nature of modern hegemony. utahvanguard.medium.com/a-nexus-of-s...

Critical political economy is defined by its steadfast commitment to a trans-disciplinary process, articulating the economy not as an atomistic physical entity, but as an integrated social system. utahvanguard.medium.com/critical-pol...

Housing deprivation stems not from simplistic, psychologically reductionist notions of individual failings or poor choices, but rather from a complex array of interwoven socio-structural conditions. utahvanguard.medium.com/the-structur...

Donald Trump’s ascent represents a predictable and deeply entrenched political outcome, that is, the logical, albeit unsettling, culmination of a bipartisan reorganization of US capitalism. utahvanguard.medium.com/a-bipartisan...

#OtD 18 Jul 1864 4000 workers in Troy, New York, attended a labour movement picnic where women workers in the recently victorious Collar Laundry Union gifted an elaborate full-colour banner to the Troy Iron Moulders Union as thanks for their support stories.workingclasshistory.com/article/8987...

Contemporary education is a mechanism for reproducing social inequities, a business endeavor purposefully designed to foster obedience and conformity to injustice. Critical pedagogy offers a liberatory praxis. utahvanguard.medium.com/critical-ped...

Rising home insurance costs are pushing some homeowners to a breaking point. Higher premiums driven in part by climate-related disasters are putting particular pressure on homeowners who are already cost-burdened, and especially those with lower incomes. www.marketwatch.com/story/home-i...

Capitalism constitutes an ecological catastrophe, but the dialectical process of relations between humans and the environment is not linear. utahvanguard.medium.com/the-capitali...

In the US, particularly, the dearth of municipal debt monetization entrenches dependence on bond vigilantes, federal fiscal transfers, & local taxes, facilitating an ideological entrapment of a dogmatic policy framework (YIMBY/Abundance) that prioritizes elites over the general populace.

To understand money is to shed the falsity of the commodity theory and embrace the robust credit theory. utahvanguard.medium.com/the-true-nat...

An acute comprehension of economic phenomena necessitates a radical departure from the fetish of market fundamentalism. utahvanguard.medium.com/free-markets...

Pretty comprehensive article on ICE’s use of face masks, incl. a couple quotes from me, in @latimes.com www.latimes.com/california/s...

The fixation on supply and demand curves as the primary, if not sole, determinants of allocation engenders profound misunderstandings. utahvanguard.medium.com/basic-econom...

It’s out! I’m deeply proud and grateful for this book — especially for the chance to collaborate with such brilliant & bold minds. Here’s to hoping its ideas spark fresh conversations and inspire meaningful change in our field. #economics #eurocentrism #decolonisation

We are witnessing millions of Palestinians trapped in a dire humanitarian crisis, a modern holocaust perpetrated by the Zionist state of Israel. utahvanguard.medium.com/economists-a...

When it becomes apparent that liberalism has ceased to deliver on its proclaimed promises of equality and opportunity it conditions the political capital for fascism to take root. Yours truly, @utahvanguard.bsky.social utahvanguard.medium.com/fascism-is-t...

A vogue belief in community planning is that impediments to private economic activity diminish human flourishing. Incentives to unleash animal sprits are imperative for abundance. The real world, alas, challenges this ideology. utahvanguard.medium.com/the-built-en...