The widely mis-interpreted 1998 ‘meltdown’ of East Asia was a financial symptom of the renewed reality: In fact, it was the first round the world recession again to begin in East Asia and spread from...

Arnold Harberger, Milton Friedman & Co. Inc., your modest proposal of partial equilibrium for the general good is not without its own internal contradictions. Moreover, you cannot take complete credit for this program of equilibriation....

Modern history, both early and late, was made by Europeans, who “built a world around Europe”, as historians “know”, according to Braudel. That is indeed the “knowledge” of the European historians who themselves “invented” history...

The most visible and often tragic sacrifice of proletarian socialism – not to mention internationalism – on the altar of nationalism, of course, has been by the states that proclaim themselves to be, or to...

The crisis is a period in which a diseased social, economic, and political body or system cannot live on as before and is obliged, on pain of death, to undergo transformations that will give it...

Most economic histories of the “world” not only omit most extra-European production and exchange (even most of that outside West Europe or even northwest Europe); they neglect the participation of the productive and exchange activities...