On several Marxist themes in “Capitalism, Alone”: My reply to Romaric Godin’s review

Romaric  Godin has recently written a very stimulating review of “Le capitalism, sans rival” with a somewhat provocative title “La reflexion inachevée de Branko Milanovic sur le capitalisme”. There are reasons why the reflection may necessarily remain incomplete, but there are also some points on which I would like to define my thinking a bit…

On several Marxist themes in “Capitalism, Alone”: My reply to Romaric Godin’s review

Patent monopolies in prescription drugs cause corruption # 43,508

from Dean Baker Economists and economic reporters all know that tariffs can lead to corruption. The idea is that if a government-imposed tariff raises the price of a product by 10-25 percent above the free market price, companies have a large incentive to find ways to avoid the tariff. This can mean reclassifying imports to […]

Patent monopolies in prescription drugs cause corruption # 43,508

Case and Deaton on Deaths of Despair and the Future of Capitalism

In their recent book Deaths of Despair and the Future of Capitalism, Anne Case and Nobel economics prizewinner Angus Deaton, both emeritus economists at Princeton University, show that the death rate for middle-age whites without a college degree bottomed out in 1999 and has risen since. They attribute the increase to drugs, alcohol, and suicide.…

Case and Deaton on Deaths of Despair and the Future of Capitalism

A tale of two capitalisms

from David Ruccio Marxian economists recognize, just like mainstream economists, that capitalism has radically transformed the world in recent decades, continuing and in some cases accelerating long-term trends. For example, the world has seen spectacular growth in the amount and kinds of goods and services available to consumers. Everything, it seems, can be purchased either […]

A tale of two capitalisms