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Themes of 2016

Posted: 6 January 2017 in Uncategorized

Looking back over the past year, here are the ten major themes I found in my blog posts: inequality critique of mainstream economics the U.S. presidential election, especially Bernie Sanders and Donald Trump class and surplus epistemology, especially uncertainty utopia working-class corporations and capital academy critique of liberalism We’ll see what happens in the current year. . […]

In my experience, most mainstream economists have never heard of much less read a word written by Thorstein Veblen, the author of “the most considerable and creative body of social thought that America has produced.” But my students (e.g., in Topics in Political Economy) and regular readers of this blog certainly know about Veblen. Why is […]

Yesterday, I wrote about the attacks of liberal mainstream economists on Bernie Sanders and one of his economic advisers, Gerald Friedman. Today, Neil Irwin tries to explain why the “liberal wonkosphere has a problem with Bernie Sanders.” there may be something broader going on here beyond the specific disagreements about growth assumptions, or cost savings […]

source Thomas Piketty, author of Capital in the Twenty-First Century, observes that only the older generation is keeping Hillary Clinton in the race, since Bernie Sanders is polling far ahead of Clinton among younger (18-44) voters. More importantly, Piketty offers a look back to explain the attraction of Sanders’s progressive agenda today. Reagan was elected […]

Liberals are conducting a concerted campaign to criticize Bernie Sanders and to ridicule his supporters, arguing the only way to achieve change is to vote for the “moderate progressivism” of Hillary Clinton. I suspect the anti-Sanders rhetoric is being ramped up precisely because, according to one recent highly respected polling organization (Quinnipiac University), the democratic socialist senator has […]

As I argued a couple of days ago, recent events—such as Brexit, Donald Trump’s presidency, and the rise of Bernie Sanders and Jeremy Corbyn—have surprised many experts and shaken up the existing common sense. In short, they’ve rocked the neoliberal boat. The question is, where does this leave us? Thomas Edsall thinks it means we’ve […]

Obviously, recent events—such as Brexit, Donald Trump’s presidency, and the rise of Bernie Sanders and Jeremy Corbyn—have surprised many experts and shaken up the existing common sense. Some have therefore begun to make the case that an era has come to an end. The problem, of course, is while the old may be dying, it’s […]

The working-class—at least the white working-class—has become the main theme of the post-election narrative in the United States. That’s not surprising since, as Jim Tankersley explained: Whites without a college degree — men and women — made up a third of the 2016 electorate. Trump won them by 39 percentage points, according to exit polls, far […]

  Are mainstream economists responsible for electing Donald Trump? I think they deserve a significant share of the blame. So, as it turns out, does Dani Rodrick. My argument is that, when mainstream economists in the United States embraced and celebrated neoliberalism—both the conservative and liberal versions—they participated in creating the conditions for Trump’s victory in the […]

The election of Donald Trump was a nightmare. But we already need to be thinking beyond his administration, imagining another way forward. The problem is, the past is not so easily overcome. That’s particularly true when it comes to the damage Hillary Clinton’s primary campaign inflicted—in a ruthless, no-holds-barred attempt to defeat Bernie Sanders—on the […]