Blogs

Preparing for the Next Global Public Debt Crisis

In response to the international financial crisis of 2008, global debt has been driven to high levels, and in the coming years macroeconomic conditions are likely to push debt burdens to even higher ratios across the developed and emerging worlds. Read more

Pasinetti on Institutional Forces and the Discipline of Economics

Ever since 2008, increasing numbers of economists, students, and even market professionals have protested the way economics is currently taught and practiced.

By now the revolt is close to a worldwide phenomenon. The discussion thus far has centered mostly on textbooks, pedagogic procedures, and what might be termed the broad “ecology” of the profession of economics, which frequently seems too close to the markets it purports to study for critical perspectives to emerge. Read more

Destabilizing A Stable Crisis

Readers of Minsky are familiar with the idea that governments should act as financial stabilizing agents for their economies by running surpluses in times of boom and deficits in times of crises. Read more

Macro once again, or "it is history, stupid"

                          The blogosphere experiences another burst of historical/methodological discussions about macroeconomics: was new cla ssical macroeconomics of Lucas and Sargent, among others, an empirical or methodological revolution? Read more

Self-Control and Public Pensions

It’s November. Outside there is nothing but grey skies and days are so short that you benefit from a little daylight. It seems that you have been working forever without a vacation. So, the idea that you might want to reward yourself with a vacation somewhere warm crosses your mind. After all, you deserve it. Suddenly you imagine yourself on the beach, tropical music playing in the background, sipping pina coladas. It seems perfect. Read more

Letters at 3AM: That Word 'Oligarchy'

Oligarchy is upon us, claw and beak, and has been for some time

Originally posted by the Austin Chronicle Friday, June 27, 2014 Read more

Letters at 3am: Oligarchy Blues

Without fair elections and a viable legislative process at federal and state levels, the republic no longer exists

Originally posted by the Austin Chronicle Friday, June 27, 2014 Read more

UK Business Secretary Vince Cable to Open Major Conference

Vince Cable, Andy Haldane and Adair Turner are among the keynote speakers at a major international conference challenging conventional thinking about the role of the state in driving the innovation needed for sustainable, inclusive growth.