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Alternative Visions – Marx’s Economics vs. Contemporary Marxist Economics: Part 3

In this final 3rd show discussion the differences between what Marx said and what economists today erroneously say he said, Dr. Rasmus addresses two historic issues in Marx’s analysis of capitalism. First is the idea, held by many contemporary economists who consider themselves Marxists, that under capitalism the rate of profit tends to decline over time, leading to ‘crises’ in the …

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Alternative Visions – Marx’s Economics vs. Marxist Economics: Part 2

Dr. Rasmus continues the clarification of what Marx really said vs. what contemporary economists (Marxist & Mainstream anti-Marxist) claim as Marx’s economics. Dr. Rasmus explains the 10 conceptual innovations Marx makes on the framework of classical economists before him (Smith, Ricardo, et. al.) to develop his theory of capitalist exploitation that drives the system to a breakdown crisis in the …

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Alternative Visions – Marx’s Economics vs. ‘Marxist’ Economics: Part 1

Dr. Rasmus continues his analysis of three great economists (Keynes, Marx, Smith) in today’s first of 3 part series on ‘Marx’s Economics’. What are the origins of Marx’s economic thought? How it critiqued classical economics before him, while borrowing and adapting concepts from the classicals. What were the original contributions of Marx’s economics, conceptually and otherwise. Why Marx is about …

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Alternative Visions – Part 3: Keynes’ Economics vs. Keynesian

Dr. Rasmus concludes the 3-part overview of why Keynes’ economics is not ‘Keynesian’, focusing on the sometime radical conclusions and analysis of Keynes that is conveniently ignored by mainstream economics. Recapping the two prior shows explanation, Rasmus addresses Keynes’ views on financial asset markets, financial instability, and the rise and growing influence of professional speculators on the stability of the …

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Alternative Visions – Biden Capitulates on Infrastructure + Part 2: Keynes’ Economics vs. ‘Keynesian’

Dr. Rasmus begins today’s show with an analysis of Biden’s capitulation to McConnell and Republicans yesterday, in which he accepts their proposal for $579B spending on infrastructure instead of his original $2.3T (reduced in steps in recent weeks to $1.7T and then $1.1T). Gone are proposals for spending on child care, elderly, climate, and other non-corporate proposals in Biden’s original …

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Alternative Visions – Why Keynes’ Economics is Not ‘Keynesian Economics’

As promised last week, Dr. Rasmus begins a series of deep analyses of three great economists: Keynes, Marx and Adam Smith, showing how mainstream economics distorts the views of all three. What did they really say and how all were critical of capitalist economy. Today’s first in the series discusses Keynes’ 1935 book, ‘A General Theory of Employment, Interest & …

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Alternative Visions – Inflation, Infrastructure ‘Smoke & Mirrors’, & Keynes’ Economics

Today’s show analyzes the just release Consumer Price Index inflation for May and reports on the latest developments in the ‘Infrastructure Follies’ phony negotiations going on in Congress and the Biden administration. How ‘smoke & mirror’ offers and counter-offers are steadily reducing the level of infrastructure spending and, in turn, how Biden is cutting out his tax hike proposals in …

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Alternative Visions – Biden Capitulates on Infrastructure & Tax Hikes

In the first half hour of today’s show, Dr. Rasmus reviews a June 1 article by the San Francisco Federal Reserve showing that the US labor market is far weaker than the ‘headline’ unemployment rate indicates. Rasmus argues that jobs are being recalled (not created) at a slow rate and likely with fewer hours and thus weekly earnings. The long …

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Alternative Visions – Inflation Myths & April Jobs Report

Dr. Rasmus addresses the rising chorus from conservative politicians, media, and ‘paid for’ economists that the Fiscal stimulus bills being proposed ($1.8T American Rescue Plan, $2.2T American (Infrastructure) Jobs Plan, and $1T American Families Plan) will soon overheat the US economy and cause rapid rise in inflation. What are the actual forces driving/not driving prices today in 2021? What’s wrong …