This past summer, we stayed at Oakland House Seaside Resort, in Brooksville, Maine, along the Eggemoggin Reach in Penobscot Bay. The property is large and consists of several business entities. We lodged in the hostel,…
The Neoclassical Economic Dogma: Part I
I am in Amherst, Massachusetts, teaching a two-week course to union activists enrolled in an MA program in Labor Studies. The class is bright and eager to learn how our economic system works. These students…
The ABCs of the Economic Crisis: Mike Whitney…
1. Mike Whitney---In your new book, "The ABCs of the Economic Crisis: What Working People Need to Know", you allude to right wing think tanks, like the Heritage Foundation and the American Enterprise Institute, which…
Michael Steele is a Nitwit and Wolf Blitzer…
Economic ignorance is widespread in the United States. People think they know something about the subject, but few do. My mother is convinced that China is the cause of all our economic problems. When I…
Was the 1982 Recession Worse than Today's?: Some…
I always told my students that it is necessary to examine many statistics to understand what is going on in the economy. The growth of the Gross Domestic Product (roughly our total yearly production) is…
Appendix to cheap motels and a hot plate
The original draft of the book had the following appendix. We decided not to use it. An abridged version has been published at www.mrzine.org. Do you think I should have included it in the book?…
Alan Greenspan: Class Warrior
[Note: This first appeared in Counterpunch at http://www.counterpunch.org/yates10102007.html. It is based upon a story in the book.] Alan Greenspan's new memoir has put his tenure as Federal Reserve chairman on the hot seat, as critics…