Author: Michael Roberts

The recent nonsense issued by U.S. Treasury Secretary Janet Yellen on China’s ‘overcapacity’ and ‘unfair subsidies’ to its industries is particularly pathetic.  As Renaud Bertrand put it: “The so-called threat of China’s ‘industrial overcapacity’ is […]

Pakistan has a general election on 8 February. It will decide on the next government of the world’s fifth-most populous nation and the governments of its four provinces — Punjab, Singh, Balochistan, and Khyber Pakhtunkhwa. […]

This was the only second face-to-face meeting during the Biden presidency. It seems the aim was to clarify just how close the U.S. and China are to conflict over Taiwan and other security issues, as […]

Every year, I bring to the attention of readers of my blog the results of the latest Credit Suisse Wealth Report.  It is produced by economists Anthony Shorrocks (with whom I graduated at university), James […]

The latest measure of U.S. consumer price inflation for July actually showed an uptick in the year-on-year rate to 3.2% from 3% in June.  That is mainly a result of comparison (‘base effects’, they are […]

Today in Britain, King Charles III will be crowned in a ‘coronation’.  All the other remaining monarchies in Europe (Scandinavia, Netherlands, Belgium, Spain) don’t bother with a coronation, but the British monarchy has had a […]

Do ‘excessive’ wage rises lead to rising inflation and thus drive economies into a wage-price spiral?  Back in 1865, at the International Working Men’s Association, Marx debated with IWMA Council member Thomas Weston.  Weston, a […]