"Raising interest rates puts the burden of fighting inflation on low-wage workers," notes former Labor Secretary Robert Reich. "For once, let's take aim at an actual driver of inflation: corporate profits."
  • LiberalSocialist [any,they/them]
    ·
    2 years ago

    This was a really interesting comment thread, btw. Can you recommend some additional reading/videos/podcasts etc. to learn more?

    • SacredExcrement [any, comrade/them]
      ·
      2 years ago

      Unfortunately not from my personal experience; I had the misfortune of getting an advanced degree as a bean counter, so I was taught much of this, and textbooks are extremely dry and neglect to connect much of the reasoning behind the framework, or for that matter even having examples outside of a vacuum with 'completely elastic supply and demand' (l m a o) as it were for things such as econ.

      I have heard good things about some of Richard Wolff's work, in particular "Contending Economic Theories: Neoclassical, Keynesian, and Marxian", but I'll leave it to others to comment on that particular piece.

    • duderium [he/him]
      ·
      2 years ago

      Aside from Richard Wolff who is mentioned below, I recommend Michael Roberts (https://thenextrecession.wordpress.com/) and Michael Hudson (https://michael-hudson.com/). None of them are perfect but they all have interesting takes on economics.