Michael Roberts Blog

“Is Keynesianism dead?”

The financial media and mainstream economists are in a huge tizz.

As the central bankers of the world met at Jackson Hole, Wyoming for their annual get together to discuss issues affecting the world financial sector and monetary policy, US statistics for corporate profits for the second quarter of 2026 were released.

In this final part of the series on the causes of inflation, I consider the period since the end of the pandemic slump in 2020.

In an article entitled How economics is changing, FT columnist Harvey Nripia paints a generally positive picture of economics as an academic discipline in the 21st century.

In this post, I return to my review of the theories of the causes of inflation in modern economies.

Last week, the 19th Congress of the World Association of Political Economy (WAPE) took place at the University of Greenwich, London.

Back last February, I posted about the state of the Japanese economy when Sanai Takaichi, Japan’s first female prime minister called a snap general election, which she won in a landslide.

This is the second part of my discussion of the causes of inflation in modern capitalist economies, based on an unpublished paper by Guglielmo Carchedi and me.

Guglielmo Carchedi and I have been working on a theory of inflation for several years.