Naked Capitalism has the article Economics for the Rest of Us Explains NAIRU, Including Its Political Implications. The article discusses the video below.

One obvious point which does not fit into this discussion’s framework: economists frame wages at the big potential driver of cost increases, when for manufactured goods, direct factory labor (which are in the class of worker most exposed to macroeconomic swings) is a small percentage of total product cost. By contrast, the NAIRU framing leads economists to obsess over unemployment levels (with the new “structural” level curiously higher than in the 1960s, when workers were less mobile than now) and ignore the roles of monopolies and oligopolies.

I am going to go back and look at previous podcasts on the this YouTube Channel.

Naked Capitalism has the article How the “Maximize Shareholder Value” Myth Weakens Companies and Economic Systems. The interview/article has a link to one of the participant’s paper The Myth of Maximizing Shareholder Value.

There is a discussion of how Milton Friedman and others introduced this myth to our society.

Consider first Friedman’s erroneous belief that shareholders “own” corporations. Although laymen sometimes have difficulty understanding the point, corporations are legal entities that own themselves, just as human entities own themselves. What shareholders own are shares, a type of contact between the shareholder and the legal entity that gives shareholders limited legal rights. In this regard, shareholders stand on equal footing with the corporation’s bondholders, suppliers, and employees, all of whom also enter contracts with the firm that give them limited legal rights.

Here is some economic thinking that Bernie Sanders would embrace if you asked him to enunciate how capitalism/democratic socialism works.

This is way outside the box of Clinton thinking. When she talks about economic plans that her advisers approve, I wonder if any of them take the premises of this article into consideration.