Randy Wray: Debt-Free Money and Banana Republics, Part II
More discussion of the problems with the “debt-free money” construct, to the extent that it can even be called a construct.
Read more...Category Archives: The dismal science
Capitalism – Not China – Is to Blame for the Current Global Economic Decline
Capitalism’s “recovery” now proceeds like another speeding train headed toward contradiction and catastrophe.
Read more...The Scientific Limits of Understanding Complex Social Phenomena
Economists, for the most part, resist the idea that economics can never be a scientific enterprise. Sadly, that posture has proven profitable for them.
Read more...The Puzzle of Technical Dis-Employment and Productivity Slowdown
How can recent technical change could both be a major source of dis-employment and not be associated with productivity improvement?
Read more...The Importance of Wealth Concentration and Why It is So Difficult to Measure
As bad as available data says wealth concentration is, it is probably even worse.
Read more...Bond, Treasury Bond: 007 is Out of Cash, but Your Government Can’t Be
So now even austerity is getting product placement in movies….
Read more...Connecting American Foreign Policy to Economic Policy
Can American foreign policy be made to work better for US citizens (outside the arms industry) and the rest of the world?
Read more...Present Day Benefits of Climate Policy
Poor framing of climate change and climate policy issues are making costs appear much higher than they are and are thus deterring action.
Read more...New Studies: Do ‘Competitive’ Corporate Tax Cuts Boost Growth?
A new study devastates the widely-touted claim that corporate tax cuts promote growth.
Read more...“Failed: What the ‘Experts’ Got Wrong about the Global Economy”
An excerpt from CEPR co-director Mark Weisbrot’s important new book, Failed.
Read more...Harvard Professor Josh Lerner Gave Weak and Internally Contradictory Plug for Private Equity at CalPERS Workshop
Harvard’s Professor Josh Lerner gave CalPERS what was presumably a pep talk for investing in private equity that was so contradictory as to amount to a case against it.
Read more...Angling for Dollars: A Review of Akerlof and Shiller’s Phishing for Phools
A fine stocking stuffer. And I’m not phishing!
Read more...Rebooting the Eurozone: Step 1 – Agreeing a Crisis Narrative
The Eurozone needs fixing, but it is impossible to agree upon the steps to be taken without agreement on what went wrong. This column introduces a new CEPR Policy Insight that presents a consensus-narrative of the causes of the EZ Crisis. It was authored by a dozen leading economists from across the spectrum. The consensus narrative is supported by a long and growing list of economists.
Read more...Cameron Murray: Unpopular Economic Opinions
1. School is mostly about indoctrination into the national identity. It is also about child care, and for older children, about keeping them out of the labour force. If we were honest we could talk about education policy with this in mind, though no one does (okay, there are some exceptions).
Read more...To Fix Inequality and Steady the Economy, Think Radically
Originally published at the Institute for New Economic Thinking website Adair Turner, Chairman of the Board of the Institute for New Economic Thinking and former Chairman of Britain’s Financial Services Authority (2008-13), is the author of a new book that takes aim at economic and political orthodoxies, Between Debt and the Devil: Money, Credit, and […]
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