My new podcast episode is out.

Nathan Tankus — No, UBI Criticisms Are Not Implicitly Premised On The Idea the Racial Wealth Gap is Good (Sigh)

Nathan Tankus rips up UBI advocate Matt Bruenig and takes a shot or two at Matt Yglesias.

Go JG!

Tankus Notes

No, UBI Criticisms Are Not Implicitly Premised On The Idea the Racial Wealth Gap is Good (Sigh)

Nathan Tankus

Trumponomics: causes and consequences – Part I – RWER issue no. 78

Auerback, Galbraith, Hudson, Kelton, Wray, Tcherneva provide an MMT-based critique of Trumponomics. 

Real-World Economics Review Blog
Trumponomics: causes and consequences – Part I – RWER issue no. 78

download whole issue

Preface          download pdf

Trumponomics: everything to fear including fear itself?          3
Jamie Morgan          download pdf                                                                           

Can Trump overcome secular stagnation?          20
James K. Galbraith            download pdf                              

Trump through a Polanyi lens: considering community well-being          28
Anne Mayhew            download pdf                                                                                    

Trump is Obama’s legacy. Will this break up the Democratic Party?          36
Michael Hudson          download pdf

Causes and consequences of President Donald Trump          44
Ann Pettifor               download pdf                                 

Explaining the rise of Donald Trump          54
Marshall Auerback          download pdf 

Class and Trumponomics          62
David F. Ruccio          download pdf 

Trump’s Growthism: its roots in neoclassical economic theory          86
Herman Daly          download pdf 

Trumponomics: causes and prospects          98
L. Randall Wray          download pdf 

The fall of the US middle class and the hair-raising ascent of Donald Trump
Steven Pressman          download pdf          112

Mourning in America: the corporate/government/media complex          125
Neva Goodwin          download pdf 

How the Donald can save America from capital despotism          132
Stephen T. Ziliak          download pdf 

Prolegomenon to a defense of the City of Gold          141
David A. Westbrook          download pdf 

Trump’s bait and switch: job creation in the midst of welfare state sabotage
Pavlina R. Tcherneva           download pdf          148

Can ‘Trumponomics’ extend the recovery?          159
Stephanie Kelton           download pdf 

Board of Editors, past contributors, submissions and etc.          173

Jeff Spross — Hillary Clinton's economic dream team

Includes Stephanie Kelton and Pavlina Tcherneva.

The Week
Hillary Clinton's economic dream team

Jeff Spross

ht Warren Mosler at The Center of the Universe

Yves Smith — Job Guarantee Versus Basic Income Guarantee

Yves here. I’ve been remiss in not putting this video from November on a discussion of the merits of proposals for a job guarantee versus an income guarantee. The talk was hosted by Dissent Magazine, Jacobin, and the New Economy Coalition, and is explicitly anticapitalist, so you may need to filter out the occasional ideological leap.

The participants were Alyssa Battisoni from Jacobin, activist Jesse Myerson, Darrick Hamilton of the New School, and Pavlina Tcherneva of University of Missouri, Kansas City.…. [Pavlina is now assistant professor of Economics at Bard College.]

Naked Capitalism
Job Guarantee Versus Basic Income Guarantee
Yves Smith

Max Sawicky — A postscript on job guarantees

I want to respond to this post by Professor Pavlina Tcherneva of Bard College on job guarantees. She seems at pains to distinguish such a guarantee from “big government.” I have no such need. We still live in a society described long ago by the great John Kenneth Galbraith as one of “private affluence and public squalor.” I’m afraid both have been magnified in the years since.…

It doesn't seem that Max understand the whole MMT package in which the JG is only a piece.

MaxSpeak
A postscript on job guarantees
Max Sawicky

L. Randall Wray — Rising Tides Don’t Lift All Boats: Why the 1% Grabs all the Gains From Growth

You’ve probably seen references to the work of my colleague (and former student), Pavlina Tcherneva in recent days. If not, take a gander at this…

Economonitor — Great Leap Forward
Rising Tides Don’t Lift All Boats: Why the 1% Grabs all the Gains From Growth

L. Randall Wray | Professor of Economics, University of Missouri at Kansas City

Michael Stephens — Working Paper Roundup 3/7/2014

Links to papers by Randy Wray, Pavlina Tcherneva, and Éric Tymoigne for your weekend reading.

Multiplier Effect
Working Paper Roundup 3/7/2014
Michael Stephens

Pavlina Tcherneva - Bottom Up Fiscal Policy — Direct Employment of the Unemployed

Pavlina Tcherneva - Bottom Up Fiscal Policy: Direct Employment of the Unemployed

(h/t Clonal)