Sunday, May 1, 2016

"Capitalism is the Legitimate Racket of the Ruling Class".


"Scarface" Al Capone [A]

Somehow I missed an equally titled post at David Ruccio's "Occasional Links & Commentary".

Prof. Ruccio makes a good case linking the increase in inequality with capitalism.

But what really impressed me is the origin of that line in the title.

It was uttered by Al Capone.

Saturday, April 23, 2016

Coyle on Distribution.


Diane Coyle reviews Adam Ozanne's book "Power and Neoclassical Economics".

Coyle is very positive about the book, whose thesis -- it seems to me -- is "surely one of the longer-term outcomes of the crisis will be -- must be -- to turn economics back to political economy" (emphasises mine). They believe power relations should be reintroduced into economic theorising.

Fair enough.

Wednesday, April 20, 2016

Monbiot: Who, What, and When?


So, who wrote the quotes presented in the previous post? When were they written?

The key below answers that:

First pair: A. George Monbiot (2016); B. J.M. Keynes (1933)

Second pair: C. Adam Smith (1776); D. Monbiot

Third pair: E. Herbert Spencer (1851); F. Monbiot

Fourth pair: G. J.M. Keynes (1936); H. Monbiot.