Scotland—My recent travel in London and Scotland reminded me of my college days at the University of the Philippines School of Economics (UPSE) as I saw the statues of two great minds—Adam Smith and ...

Paul Mattick, Business As Usual: The Economic Crisis and the Failure of Capitalism. London: Reaktion Books, 2011. David McNally, Global Slump: The Economics and Politics of Crisis and Resistance.

The economic theories of both Karl Marx and Arthur Laffer are largely considered incorrect by mainstream economists. Laffer's theory, known as the Laffer Curve, incorrectly predicted that tax cuts ...