Category Archives: Real World Economics
The Fall And Rise Of U.S. Inequality, In 2 Graphs
The Fall And Rise Of U.S. Inequality, In 2 Graphs FEBRUARY 11, 2015 1:05 PM ET QUOCTRUNG BUI Twitter Since World War II, inequality in the U.S. has gone through two, dramatically different phases. In the first phase, known as … Continue reading
Greece Proposing AUSTERITY on the BANKING CLASS Rather Than the WORKING CLASS
Greece Proposing AUSTERITY on the BANKING CLASS Rather Than the WORKING CLASS Post Categories: Canada Michael Hudson | Thursday, February 26, 2015, 9:45 Beijing European Banks vs. Greek Labour: Video: https://www.youtube.com/watch?v=h6NGYZgKZ3A Michael Hudson says Greece’s Finance Minister Yanis … Continue reading
“On the use and misuse of theories and models in economics”
“Is there anything worth keeping in standard microeconomics?” April 14, 2015Edward Fullbrook from Edward Fullbrook For me three economists stand out historically as having been the most effective at building resistance to the dominance of scientism in economics. Keynes of … Continue reading
Germany’s Sickly Economy
The 4th Media » Germany’s Sickly Economy Germany’s Sickly Economy Post Categories: Europe Philippe Legrain | Thursday, April 2, 2015, 17:07 Beijing 53 views “Be more like us” say German policymakers to their EU partners. But Philippe Legrainwarns that appearances … Continue reading
The inbred Bernanke-Summers debate on secular stagnation
The inbred Bernanke-Summers debate on secular stagnation April 6, 2015Editor from Steve Keen Ben Bernanke has recently started blogging (and tweeting), and his opening topics were why interest rates are so low around the world, and a critique of Larry Summers’ … Continue reading
Ancient to Modern Mashriq
Ancient to Modern Mashriq March 29, 2015Editor from Ali Kadri The earliest places to develop into sedentary cultures were to be found in the present-day Mashriq (Ancient Syria and Mesopotamia) pursuant to the early agricultural revolution. The crevice at the end … Continue reading
Inside the Neo-Liberal Mind Parts 1 and 2
Inside the neoliberal mind part 1 – the rebranding of failure. March 24, 2015merijnknibbe Troika economists have a problem. It’s huge: cutting wages clearly did not work as intended, which goes against their deepest convictions. In such a situation people tend to … Continue reading