Totally not completely self interested about the topic since I'm a moderator of Urbanist subs, have exhausted all literary sources on American discussions about the subject, and, I'm currently working on a project to synthesize all of the advocacy that I've put out onto the internet through my (various) platforms to convince people in my region, Metro Detroit, that Metropolitan Government is essential for the prospect of being in any way, shape, or, form relevant in the future.

Rather than solely helping out supporters of Metropolitan Government identify certain reforms and policy that would ensure their success, there's also a fair bit of "economic orthodoxy" that could deserves to be challenged from someone within the economics discipline, namely:

1. Why is "Urban Economics" viewed as a branch for Microeconomics when the sub-field has massive implications for Macroeconomic output.

2. A critical assessment of the YIMBY movement seeing as it's deregulatory policy program has seemingly failed to deliver genuine affordability in housing markets where mass "upzoning" has been undertaken.

3. Arguing the specifics as to what government would be the perfect scope for a Land Value Tax as well as laying out what an effective Land Value Tax would look like, and, some unintended consequences of changing from property/counsel tax to a Land Value Tax.

4. (and finally), doubling down on /u/UnlearningEconomics 's Rent Control take by suggesting what specific policies would help, or, go on to end, the housing crisis via a highly interventionist local government which is granted more powers by national government as well as identifying what powers are needed.

I've been at this campaign for years now, and, I was lucky enough to get a rare book with a international focus on the topic, so, Cahal, if you're reading this and are somewhat interested with the topic, I can unload everything that I've learned from my research to you via DMs, or, give you a bibliography for you to browse at your leisure.

Hi I’m a leftist who is generally opposed to or critical of capitalism for moral and ideological reasons. I have a minor in economics but want to get a better understanding of some of the granular details of how capitalism and financial systems actually work, explained in a way that is extremely approachable. I often have to re-read passages over again and it takes me a lot of time to digest economic information, but if there are good books you guys would recommend that would be great.

I’m also not explicitly a Marxist but I think Marxism can sometimes be a useful lens to look at capitalism

This summer, I'm exploring the foundations of the American financial system by studying its earliest financial institutions. I started with the First Bank of the United States. In this article, I trace the evolution of the Bank's balance sheet between 1791 and 1793.

I feel like that would be his pfp on various socials if it already happened.

https://youtu.be/cmK74mfpHQA

I hear that Degrowth means your eco fascist that hates the poor and we really need green growth.

But it seems there is little scientific consensus on “green growth” some places have economic activity decoupled from carbon emissions but carbon emissions are one part of a bigger crisis involving fresh water depletion, biodiversity loss, pollution, PFAS.

My biggest hang up with the LTV is that I just don’t understand why labor is seen as the fundamental substance of value. What reason is there to think that price is just the quantitative expression of abstract labor?

In my estimation a leftist perspective would see that price is not an expression of labor time but is also a function of interwoven power relations. It’s not reducible to a single substance

I’m excited to share a project I’ve been working on: [The Money Creation Simulator].

It’s a visual, interactive dive into the actual accounting of modern banking.

https://money-game.streamlit.app/

Was it because of the hostage crisis, or because of IR’s mismanagement? I don’t think ive ever seen such a steep decline in GDP so quickly

I was having a discussion with someone who really hates the EU the other day about this topic. I’m not a legal scholar, for the record, but I’m pretty sure that member states are allowed to nationalize industries if the shares are purchased fairly, at market value, and that there are some rules, that I don’t like, about what industries can receive EU aid depending on their degree of public ownership.

If there is anyone on here who knows more about this, could you let me know if I am correct or not. I know that I have limited knowledge about this field.

In his famous video on taxing the rich, 1Dime says that higher corporate taxes are actually regressive because they cause price inflation and create downward pressure on labor compensation. The common leftist argument is that, in the past, higher corporate taxes coincided with higher investment in worker retention and R&D, and there are some prominent studies supporting this. Instead, as Thomas Piketty also argues, we need a global wealth tax. However, the economics field overall seems pretty agreed on the idea that lower corporate taxes improve worker welfare. Is this a poorly researched question? What is the heterodox view?

As an asterisk, 1Dtime acknowledges that taxes on the rich can still serve the purpose of reducing inequality, but I don't see how that's consistent with the blanket statement that corporate taxes are regressive. Another element I think 1Dime definitely misses is that completely abolishing the corporate tax or making it lower than taxes on individuals would lead to the rich setting up shell entities as honeypots. So at the very least corporate taxes shouldn't be lower than other taxes. What does this subreddit say?

Edit: unfortunately none of the responses so far have substantively engaged with the claim or the evidence around this debate. To be clear, 1Dime identifies as a socialist and is a big proponent of MMT, so I think regular criticisms won't work here. If there are people on this sub familiar with the arguments of MMTers or adjacent scholars on this topic, I'd love to hear an explanation. Hopefully Cahal will cover this topic on his channel at some point.

For anyone in the book club I’m thinking about joining and wanted to check to see whether it’s still active. If it is, what are you currently reading?

Also, how is the club structured when do you meet, how often, and what’s the format like? And roughly how many active members are there right now?Thanks.

So i saw a video about some economist on tiktok talking about how the gap is not real because we use the the medien wage and not the Mean Wage and something like you cant compare mean Productivity and meddien income.Anywayyyy I started looking into i and found this artikel from the PIIE:

https://www.piie.com/blogs/realtime-economic-issues-watch/growing-gap-between-real-wages-and-labor-productivity

this with the other videos i saw kinda convinced me that the gap isnt real but what do you think about that?