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Tag Archives: Michal Kalecki

Confidence: why it matters and why it shouldn’t

Business confidence

Business confidence is a big deal for the news editors… particularly when it slumps.  This is because – it is widely believed – a fall in business confidence reflects an economic slowdown at best or, worse still, the onset of a new recession.   With this in mind, the latest round …

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Michal Kalecki: Populism, fascism and the failure of elites

Michal Kalecki

Every 40 year or so, it falls to the mass of the population, led by a politicised youth, to deliver a knockout blow to the prevailing economic/political consensus.  The affluent (neo)liberal classes are inevitably horrified when this happens, since it rocks the foundations of their comfortable way of life.  The …

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