1/ My article is out in HOPE and I am excited. In writing the first concept history of WTP I show how early neoclassical econs understood that the amount someone is willing to pay for something often does not reflect how much they value it because rich people have way more money!

1/ My article is out in HOPE and I am excited. In writing the first concept history of WTP I show how early neoclassical econs understood that the amount someone is willing to pay for something often does not reflect how much they value it because rich people have way more money!

Funny how this article argues that there are no profits in the nyc supermarket business and then casually mentions that the guy who owns the nyc supermarkets is a billionaire www.nytimes.com/2025/07/23/o...

Cant stop thinking of this picture since I first saw it

Scandinavian Peeps: I will be giving a talk next month in Stockholm about my forthcoming (2026) book! www.iffs.se/en/calendar/...

"Freeing" markets never creates abundance. It builds just enough to be profitable and then usually stops. Abundance is risky , capital wants no part of that

Another dead Gazan prisoner. Israel is making Guantanamo look like a beach resort in comparison

Israel update: Trump effectively twisted Bibi's arm and stopped the war in Gaza, something Biden was too weak (and pathetic) to do. But after that shitshow of a WH meeting, it's clear that Trump's insane shift in focus to ethnic cleansing has empowered Bibi to end the ceasefire. What an evil idiot.

Oh no, the rate of economic exploitation and surplus value extraction is dropping whatever will we working people do

Deepseek? Meh. Wake me up when the Chinese finally invent a meseek

@phenomenalworld.bsky.social has established itself as an indispensable and vibrant forum for fresh thinking in political economy. Delighted to step into this conversation again with a contribution on railroads & the history of industrial policy in the U.S.: www.phenomenalworld.org/analysis/dev...

Honestly, calling this the second Gilded Age is such an insult to the first Gilded Age when corporate power and oligarchy were *way* more challenged. We wish we were in the second Gilded Age.

Reading Zuboff's Surveillance Capitalism and it feels like 80% bullshit. I also think she way overestimates the actual predictive powers of big data. If I were a Google executive I'd be happy with this book: Evil but super-competent!

This place is kind of dull....BUT what if I told you that slavery played a central role in the rise of American capitalism?

So.... how bout them bears?