Political economist, social theorist, and economic philosopher. Money, finance, critical macro, media, subjectivity, and institutional change. Financier/Producer/Consultant. Money, time, liquidity, power.
Austin Hayden Smidt
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For context, this comes on the heels of reading/listening to lots of pontificating about the Fed's likely responses in the coming months. Quite a few commentators are guessing Warsh's doveishness will play out along the lines in the tweet above.
I will never not be appalled that a putative rational monetary strategy is to hope for – not merely anticipate, but hope for – a bubble burst so it causes job losses to ease inflationary pressures. It's a sign of a truly broken ethical compass that such a view is in the macro engine room at all.
Second paper from our #assetstruggles SI now online:
@hadoose.bsky.social makes the crucial point that asset struggles over climate governance not only include climate vulnerable & climate forcing assets – but that climate policy itself often takes an asset form, reconfiguring power.
Check it out!
Today, Evan Behrle examines one of the oldest arguments for income inequality: that workers should be paid the value of their productive contribution.
What this argument misses, he argues, is that the size of any worker’s contribution is largely determined by what other workers do.
Will forever be remembered as being name dropped in *the* famous Good Will Hunting scene
In director Curry Barker’s hit indie horror film, we can see the fundamental ghastliness of consumer society.
www.currentaffairs.org/news/obsessi...
The mother of all inequality disputes. (All data are in PPPs and on per capita basis; all measures are in Ginis.)
Unweighted international inequality (aka Concept 1 ineq) is inequality of all countries' GDPs per capita (as simple as that). It has been going down, but slowly, over the past 30y,
It’s alive! Copies of @fintechcapital.bsky.social, by @paullangley.bsky.social and me, published by @princetonupress.bsky.social arrived this morning. Out in the US soon, and in the UK a little later.
My discussion of the relation between neoliberalism, classical liberalism and neoliberalism. Builds on an old debate with Philip Mirowski nakedkeynesianism.substack.com/p/neoliberal...
Austin Hayden Smidt
Austin Hayden Smidt
Austin Hayden Smidt
When defending income inequality, high-earners often appeal to an old left-wing idea: that workers are entitled to the fruits of their labor and should be paid the value of their productive…
Growth has failed to eradicate poverty or to promote wellbeing. Poverty is not inevitable. It is manufactured.
Our op-ed with @deschuttero.bsky.social @jayatighosh.bsky.social @thomaspiketty.bsky.social @kateraworth.bsky.social @jasonhickel.bsky.social www.theguardian.com/commentisfre...
Current Affairs
Andrew Leyshon
Matías Vernengo
Our roadmap has been shaped by experts across the world. We call on political leaders at all levels to use it, says Olivier De Schutter and others
