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DARK SECRETS: 3 | Rare Historical Photos

Interest rates: the case for cutting them permanently to zero

In 1937 the English economist Joan Robinson proposed that “when capitalism is rightly understood, the rate of interest will be set at zero and the major evils of capitalism will disappear”. John Maynard Keynes, who had taught Robinson, suggested something similar a year earlier in slightly more qualified and technical…

The Conversation

Raghuram Rajan: the banker who warned of meltdown in 2005

The former governor of India’s central bank now steers a tricky course between supporting free markets and campaigning against unfettered risk-taking

The Guardian - UK

The Guardian view on pricing power: it’s about firms’ strength and profiteering

Editorial: For the first time since Covid, businesses are most to blame for the UK’s high inflation rates. But ministers are doing little about it

The Guardian - UK

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The True Cost of an Extended US Debt-Ceiling Standoff

Recurring struggles over the borrowing limit undermine the status of the US as an economic superpower.

Businessweek

AI will end the west’s weak productivity and low growth. But who exactly will benefit?

The clock is ticking on the development of policy to meet this huge societal challenge, says Larry Elliott, the Guardian’s economics editor

The Guardian - UK

Will AI Actually Mean We’ll Be Able to Work Less?

The idea that tech will free us from drudgery is an attractive narrative, but history tells a different story

The Walrus

The Big Myth Is Full of Recycled Anti-Capitalist Cheap Shots

A new entrant in the anti-neoliberalism genre fails to land any blows.

Reason

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It is hard to admit being wrong. But Brexit voters are doing so in droves

Having been grossly misled in the referendum, Britons’ anger is mounting as the reality of our plight becomes clear

The Guardian - UK

Work less, live more: is it time to end the five-day week?

Research shows that working fewer hours can be far more productive. Richard Godwin clocks on to find out if it’s true

The Guardian - UK

Editorial: The fiscal cliff looms; nothing to see here

The national debt is much like the weather. Everybody worries about the topic, but nobody wants to do anything about it.

Tribune News Service

Alan Kohler: Why the Voice is an economic as well as moral issue

A First Nations Voice is fundamentally a moral question and a symbol of recognition, but it is also economic and political.

The New Daily

It may sound paradoxical, but Britain needs to spend its way out of recession

Cutting during a recession has been long discredited, says Guardian columnist Polly Toynbee

The Guardian - UK

What the 1970s Can Teach Us About Today's Inflationary Politics

Inflation is a problem for politicians. Unfortunately for them, it's not a problem they know how to solve.

Reason

Why was Labour’s first PM later branded a traitor to cause?

RAMSAY MacDonald was the UK’s first Labour prime minister yet he remains an oddly obscure figure in the party’s political history. He served…

The National (Scotland)

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Benzinga

Ray Dalio Says 'Will Play Markets Till I Die' After Giving Up Control Of World's Largest Hedge Fund

After relinquishing control of the world's largest hedge fund, Ray Dalio, the founder of

Tribune News Service

Limiting workdays could rearrange life and our economy

Do you ever get the feeling there is something fundamentally wrong with how we live?

Financial Times

How much money will actually make you happy?

We can all fantasise about what we need to make ourselves satisfied — and it doesn’t have to be a fortune

Tribune News Service

Scott Burns: Limiting workdays could rearrange life and our economy

Do you ever get the feeling there is something fundamentally wrong with how we live?

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The Independent UK

Moving beyond GDP is key to tackling the economic crises we face

Gross domestic product remains the predominant measure of progress across the world, it might be time to change it, write Paul Allin, Diane Coyle and Tim Jackson

The Hindu

Public assets sale and the concern of ‘fiduciary duty’

The Air India asset sale sets a dangerous precedent as it could result in liabilities being left on citizens

The Guardian - UK

Despite Keynes’s forecast, we are living in a leisure desert. At least our kids are happier

Long hours and more childcare buck the economist’s forecast of working less, but studies show children are better adjusted

The Guardian - UK

Putin exploits the lie machine but didn’t invent it. British history is also full of untruths

Our own crisis of truth is responsible for some of the world’s biggest problems, says Guardian columnist George Monbiot

Evening Standard

We’ve been running the economy hot — and are about to pay the price

John Maynard Keynes famously wrote that “practical men who believe themselves to be quite exempt from any intellectual influence are usually the slaves of some defunct economist.” Yes: new trends in economic thinking can be wrong. That’s what seems to be happening now. The rapid rise of inflation over the…

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