Trade Costs of Border Controls in the Schengen Area
Granular analysis of the cost of imposing border controls along refugee routes versus ending the Schengen system, as well as who has the most to lose.
Read more...Category Archives: The dismal science
Star Trek or The Matrix? Varoufakis’s Challenge to Neoliberalism
Varoufakis gave a wide-ranging talk on the considerable conflict between neoliberalism and democracy, and why democratic rule produces better results.
Read more...Watch Bill Clinton, Larry Summers, and Phil Gramm Have a Love Fest Over Repeal of Glass Steagall
Watch Bill Clinton heart financiers in 1998 and try to take it back in 2013.
Read more...Reader Query: Seeking Recommendations on Economics Primers
Help a reader find some good foundational economics texts that are layperson-friendly.
Read more...Gerald Friedman: Why “Liberal” Economists Dish Out Despair
“Liberal” economists still embrace the dominant pseudo-Keynesian orthodoxy despite its failure in the financial crisis and its role in increasing inequality.
Read more...How European Union Fiscal Rules Subverted Democracy and Institutionalized Neoliberalism
A good overview of how fiscal rules gave neoliberal ideology and unaccountable bureaucrats the upper hand in the EU.
Read more...Bill Black: Adam Davidson, the 1%’s Lord Haw-Haw, Mangles Economic Theory to Attack Sanders
Adam Davidson makes numerous misrepresentations about economics in a salvo against Bernie Sanders’ economic plans. Does he really not know better, or has he really drunk the orthodox Kool-Aid?
Read more...Towards a Theory of Shadow Money
Struggles over shadow money today echo 19th century struggles over bank deposits.
Read more...Bill Black: “Liberal” Economists Cheered the New Democrats’ Deregulation of Finance
A case study illustrating how soi-disant liberal economists pushed the US to the right during the Clinton Administration.
Read more...Martin Wolf Defends Central Banks’ Negative Interest Rate Policies
The Financial Times’ lead economics writer, Martin Wolf, makes an intellectually bogus case for negative interest policies.
Read more...Intra-EMU Divergence Is A Feature Not A Bug
Yves here. I’m leery of reinforcing the “competitiveness” meme, since it’s based on the false premise that all countries can be exporters. But this article nevertheless makes important observations about Eurozone structural flaws.
Read more...Paul Krugman Crosses the Line
Krugman is increasingly discrediting himself as a commentator on economics.
Read more...Ireland: a Recovery Built on Sand
How official statistics exaggerate Ireland’s performance, largely due to its status as a tax haven/offshore financial center.
Read more...Bill Black: AEI Pushes Government Propaganda Telling Women to Marry Schlubs
Why exhorting poor people to marry more often is right wing propaganda in lieu of real policies to address poverty.
Read more...A New Stability and Growth Pact? Let’s Drop the Technocratic Veil!
On how economic growth models constrain policy debates and choices among Eurocrats, and why that is no accident.
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