"The only function of economic forecasting is to make astrology look respectable." -John Kenneth Galbraith (see imagine description)

AfD TOTAL domination 18-24 year olds ☠️

Car giant Volkswagen is considering unprecedented factory closures in Germany -- if it goes ahead, it would be the first time it shuts down a major factory in its home nation in its 87-year history bloomberg.com/news/articles/…

Join our co-chair Jayati Ghosh at the NIEO 50th Anniversary Celebration at the New York Society for Ethical Culture by Progressive International. With Isabella M. Weber, Branko Milanovic, Adam Tooze, Olúfẹ́mi O. Táíwò & guests. Register here: act.progressive.international/nyc/

Hard to say what “greedflation” means, since no one arguing that profits played a role in the return in inflation uses this term. For sellers’ inflation, it’s enough to keep markups constant when input costs go up. Unit profits go up as a matter of accounting. See ECB table 👇🏽

I couldn’t even tweet yesterday when I saw the results in Thuringia and Sachsen. This was so predictable. Germany is sleep walking into the abyss, while insisting on a balanced budget in the middle of the worst economic crisis since the 1990s.

If you're in Vienna on 26 Sept, I'll be giving a talk about wealth regimes and institutional capital at this year's Young Economists Conference, hosted by AK Österreich.

Thrilled to welcome Melinda Cooper as a fellow of my Futures of Capitalism programme at The New Institute this academic year! thenew.institute/en/people/meli…

We are at the wage catch up phase of this inflation episode in many countries. Workers are fighting to restore their living standards. Wage increases are not the cause but the consequence of sellers‘ inflation. For the Canadian case read Armine Yalnizyan thestar.com/business/opini…

I have a piece "Taking our Lives out of their Portfolios" in this forum⬇️ in brief: "why are the financial assets of working people in public and union pension funds managed by these extractive asset managers in the first place? How do we take our lives out of their portfolios?"

So spricht man mit Rechtsextremen. Nur so.

NEW YORK CITY — The Progressive International and the New York Society for Ethical Culture welcome you to the NIEO 50th anniversary celebration on 12 September. Feat. Isabella M. Weber 🔴 Jayati Ghosh 🔴 Olúfẹ́mi O. Táíwò 🔴 Adam Tooze 🔴 Branko Milanovic — and more. Sign up now to secure your spot: act.progressive.international/nyc/

While I’m sweating over writing my new book, someone already finished and slid this under my office door. Thank you!

Balancing clean grids will mean compensating marginal storage capacity. Generation pricing won't be sufficient if significant capacity must be held in reserve Yakov Feygin & I argue for public buildouts of reserve capacity to handle pricing uncertainty. publicenterprise.org/pricing-proble…

“The study also warned that levels of extra warming projected to hit Europe by 2035 would amplify food inflation by 30-50%.” carbonbrief.org/five-charts-ho…

Isabella Weber, Isabella M. Weber co-authored an op-ed in the Boston Globe on Vice President Kamala Harris’ proposal to combat price gouging. bostonglobe.com/2024/08/22/opi…

ANNOUNCING 🗽 The NIEO 50th Anniversary Celebration in New York City — with Isabella M. Weber, @Adam_Tooze, Branko Milanovic, Jayati Ghosh, Olúfẹ́mi O. Táíwò, and more. Join us on 12 September as we present a new Program of Action for the NIEO in the 21st century: act.progressive.international/nyc/

I'm really excited to have this new brief out from Roosevelt Institute. It argues that Democrats need to slough off the shackled imagination of deficit-hawk politics to meaningfully confront the clear challenges ahead, especially climate change.

It is pretty remarkable that American industrialization occurred with the Interstate Commerce Commission setting the key industry’s (railroads) prices, and yet we are still taught and many believe that regulation inhibits growth.

The History Department at Boston University invites applications for a tenure track position at the level of Assistant Professor in the Indigenous History of the Americas, beginning Fall 2025. academicjobsonline.org/ajo/jobs/28325