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Putting Apple in Its Place

Apple’s indignant response to the European Commission tax ruling has nothing to do with an inability to pay. The company’s cash pile of more than $200 billion could cover the assessment several times over. Instead, it’s something more akin to the attitude attributed to the late New York hotelier Leona Helmsley: only the little people […]

hterth

The death of neoliberalism and the crisis in western politics

After almost nine years, we are finally beginning to reap the political whirlwind of the financial crisis. But how did neoliberalism manage to survive virtually unscathed for so long? Although it failed the test of the real world, bequeathing the worst economic disaster for seven decades, politically and intellectually it remained the only show in […]

PASINETTI-INTERVIEW

Economics in a Different Key

In 1965, Luigi Pasinetti, whom INET is delighted to interview here, produced a decisive counterexample arguing that the Neoclassical approach to analyzing production needed to be abandoned in favor of something much closer in spirit to Classical Economics. www.nakedcapitalism.com