Nobel economics: the behaviorism of economic decisions and its secret

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Richard Thaler’s work and the work of most behavioral economists focuses on the limits to individual rationality and not on the perverse incentives and structures that plague contemporary capitalism

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Beware of ribbon cutting: corporate welfare vs. job creation

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Subsidizing Corporate America has been a policy of both parties, at every level of government, for decades. If politicians really cared about the livelihoods of working people, they would support enterprises that are owned and democratically-governed by their members.

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Economic Update: Economics, Psychology and Mass Murders

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On this week's episode, Prof. Richard D. Wolff presents updates on Trump/GOP tax plan, Americans having "trouble paying bills," post-1989 Russia more unequal than USSR, Eastern...

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Economic Update: Strikes and the Labor Movement Today

On this week's episode, Prof. Richard D. Wolff talks about the closing of 6,400 retail stores in 2017, decline in US housing starts, 800 major corporations oppose Trump on...

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From highway to master: how modern mainstream economics corrupted the 'invisible hand'

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It should be clear to all that finance has been fundamentally transformed since Adam Smith’s day, from a highway that was supposed to serve us into a master that we serve.

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