Sunday, September 11, 2016
Michael Roberts — The end of globalisation and the future of capitalism
Must-read. Michael Roberts looks at capitalism in terms of the global economy.
I have been emphasizing for some time that the only closed economy is the global economy and therefore it is "the economy." Speaking of the "the economy" of regions and counties where "the economy" is open is very imprecise without tracing the tentacles, which is complicated and difficult to do and makes simple modeling intractable.
Michale Roberts' Blog
The end of globalisation and the future of capitalism