December 3, 2020
ReviewsTransition Theory
On Jairus Banaji’s A Brief History of Commercial Capitalism
Capitalism is either eternal or it isn’t. There are people who defend the first view, or something close to it—the multivolume 2014 Cambridge History of Capitalism opens in Babylonia, circa 1000 BCE—but it is much more plausible that capitalism, like…
July 1, 2020
ReviewsBalanced Sheets
A review of Matthew Klein and Michael Pettis's Trade Wars are Class Wars
On the conceptual and methodological stakes of Trade Wars Are Class Wars by Matthew C. Klein and Michael Pettis Good writing on international macroeconomics reads like a detective novel. There’s a suspicious event—hundreds of millions of dollars in phantom FX…
July 11, 2019
ReviewsKeynes versus the Keynesians
A new book by James Crotty reexamines the career of John Maynard Keynes
What drives economic growth and stagnation? What types of methodologies and tools do we need to accurately explain economic epochs in the past and present? What models and policy approaches can lead to prosperity for all?