Michael Roberts blog
Blogging from a Marxist economist
Recent Analysis
The consensus: from Washington to London
The Washington Consensus was a set of ten economic policy prescriptions considered in the 1980s and 1990s to constitute the “standard” reform package promoted for crisis-wracked developing countries by Washington DC multilateral institutions, the International Monetary Fund (IMF) and the World Bank. The Washington Consensus term was first used in 1989 by British economist John Williamson and was the foundation for global policies designed…
ASSA 2026 -part two: the heterodox – technofeudalism; climate change; china; inequality
While the mainstream sessions were obsessed with AI, having dropped climate change as a major theme in their sessions, the radical economics sessions still analysed the impact of global warming. One paper found that there was “strong and robust evidence that extreme heat increases local market concentration by shifting market share from smaller to larger…
ASSA 2026: part one, the mainstream – AI, tariffs, inflation and the dollar
ASSA is a massive conference of economists from around the world, organised by the American Economics Association. (AEA). Every year thousands attend and there are hundreds of sessions and papers. Most of these are mainstream, but there are sessions organised by heterodox organisations like the Union for Radical Economics (URPE). This year’s conference took place…
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