For four decades, mainstream economists and policymakers have been wedded to fixed dogmas. Their blind belief in fiscal discipline threatens the very stability of societies.
Worsening economic inequality in recent years is largely the result of policy choices that reflect the political influence and lobbying power of the rich.
For too long, multinational corporations—and digital firms in particular—have used existing rules to avoid paying taxes in countries where they do much of their business.
A big argument of neoliberal economics is that unemployment is reduced by labour-market deregulation. Lack of robust evidence doesn’t seem to get in the way. Mainstream economics has a tendency to decide on some ‘established’ conclusions, and then hold to them, notwithstanding all evidence to the contrary. This is bad enough, but what may be […]