NEW PAPER: The 2022 fossil fuel price jumps caused an oil and gas profit explosion. We show the US reaped the largest profit increase (USD 275bn) of any country. Big Oil claims this benefits the American people. In fact, 51% went to the richest 1%, only 1% to the bottom 50%. A 🧵

Episode 169: Heterodox Economists, Part 1: Michał Kalecki In the first installment of their miniseries on heterodox economists, Adam Tooze and Cameron Abadi look at the life and ideas of Polish economist Michał Kalecki: podcasts.apple.com/us/podcast/het…

DOGE SEC Jesus christ lol

I guess tariffs and slashing the federal workforce aren’t great for aggregate demand?

Great way to dip a toe into Italian pop!

Context: If Trump announces, say, a 10% global tariff in a few minutes, it'd equate to a $330 BILLION tax hike (static basis based on $3.3T in 2024 goods imports) - all implemented with the stroke of a pen and with no public or congressional input.

Giffen good?

It's so funny that Trump makes all the right-wing content guys spend days arguing why the tariffs are absolutely necessary and crucial to everything that is important about American civilization and then doesn't do them.

The year is 2026. The tariff light in Central Park is red. I am relieved. My toaster and coffee beans aren’t tariffed today. I speak too soon. The light turns green. I owe $100,000.

What is corporate financialization (CF)—and does the evidence actually support the concept? With crabcrake, we explore this in a new open-access paper in Review of Political Economy.👇 🔗 doi.org/10.1080/095382…

Wow, Zohran *actually* supercharged youth turnout. Didn't think this was possible tbh.

Come to Pisa!

Wow who would have thought that electing a rapist would have complicated the release of the Epstein Files?