Apart from their work and production, households perform ot… - Jim Stanford

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Apart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. … In developed capitalist economies, private consumption spending accounts for half or more of GDP.

Jim Stanford

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About Jim Stanford

Jim Stanford is the resident economist for the Canadian Auto Workers and founder of the Progressive Economics Forum. He holds a Master’s degree in Economics from Cambridge University, and a Ph.D. from the New School for Social Research.

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Kate Raworth John Komlos Ha-Joon Chang Joan Robinson Nick Hanauer

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Capitalism, in contrast, has existed for fewer than 300 years. If the entire history of Homo sapiens was a 24-hour day, then capitalism has existed for two minutes.

Never trust an economist with your job. Learn about economics yourself. And make up your own mind about what might protect your job – and what might destroy it.

Employers crave the power to fire workers whose performance is judged inferior-not just to get rid of those particular workers, but more importantly to motivate and discipline the rest of the workforce.

Apart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. … In devel… - Jim Stanford

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