Corporation and labor laws, fueled by unconstrained credit liquidity and the socialization of risk factors, sustain the inertia of capital accumulation that generates growth but also contributes to the attrition of labor in favor of capital and produces expanding structural income disparities. This is the meaning of Capitalism in A Likely Story, an explanation of… Continue reading A Likely Story – O.F. Hamouda
Category: Books
Money, Investment and Consumption: Keynes’s Macroeconomics Rethought – O.F. Hamouda
What analysis? Which disease? What does it mean to preserve efficiency and freedom? Read sample pages from the book here – Most if not all academic research in macroeconomics since 1936 has evolved around asserting or countering Keynesian economics – Most if not all post-war economic policies, guiding first the free-market industrialized economies, then almost… Continue reading Money, Investment and Consumption: Keynes’s Macroeconomics Rethought – O.F. Hamouda