Archive
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Article
Economics at Chicago, 1939-1955: the scope of our ignorance
Jun 26, 2012
The University of Chicago is well-known for as the place where a famous group of economists, including Milton Friedman, Georges Stigler, Gary Becker, among others, developed a method for analyzing economic facts based on Marshallian price theory, a vision of the evolution of macroeconomic aggregates called monetarism, and an approach to individual liberties and the role of the state known as (neo)liberalism.
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News
BRIC Buddies – China and Brazil Agree to Currency Swap
Jun 26, 2012
In a show of good faith between two rising economic powers, China and Brazil have agreed to a bilateral currency swap.
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News
German Orthodoxy Starting to See the Need for New Economic Thinking
Jun 25, 2012
While German economic policy makers continue to cling to neoclassical economic approaches, an increasing number of prominent economic figures are starting to accept the failure of orthodox theories to address the current crisis and are expressing the need to rethink fundamental economic concepts.
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Higher education…or hired education?
Jun 24, 2012
What is the purpose of America’s universities today?
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Article
Division of labour was common knowledge by the 1770s
Jun 23, 2012
I always think of Adam Smith when I hear the term ‘division of labour’ - but I’m being cured of this by reading a bit more about Britains late 18th century in Jenny Uglow’s The Lunar Men.
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Which nation is the greatest threat to Europe?
Jun 20, 2012
One country poses an existential threat to Europe – and it is not Greece, Italy or Spain.
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World Bank President Zoellick: In Euro Crisis “Time Is of the Essence”
Jun 18, 2012
World Bank President Robert Zoellick is growing frustrated with the lack of urgency on the part of Europe’s leaders in responding to the financial crisis in the euro zone.
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Article
Lethal Embrace? A Thought Experiment
Jun 18, 2012
At the heart of the Eurocrisis lies a vicious circle where once there was a virtuous one.
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Looking Forward By Looking Back: Axel Leijonhufvud Interviews Friedrich Hayek
Jun 18, 2012
Leijonhufvud has questioned the flawed fundamentals of economics. And he has explored the spread of contagion in undermining the web of contracts that are the basis for capitalism.
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Article
After the election, what’s next for Greece?
Jun 17, 2012
After the recent election brought a center-right coalition to power, what’s next in the Greek crisis? Are we finally in the clear? Not so fast, Greek economist Yanis Varoufakis says. Varoufakis explains the real outcome we can except after Greek voters’ “contradictory verdict,” where 55% voted for anti-bailout parties yet a pro-bailout government resulted due to the nature of Greece’s electoral system.
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News
Confidence Game: Simon Johnson on the Conflicted NY Fed
Jun 14, 2012
Have you ever heard the old adage about the danger of allowing foxes to guard the henhouse? Apparently the New York Fed hasn’t.
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News
Living in Sinn
Jun 13, 2012
Germany should not pay for the bankruptcy of Europe, at least according Hans-Werner Sinn, head of the Ifo Institute for Economic Research at the University of Munich.
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Too Big to Bail? Spain is Repeating Ireland’s Mistakes
Jun 13, 2012
“Spain is now heading down the same path that bankrupted Ireland,” INET grantee Stephen Kinsella of the University of Limerick and Mark Blyth of Brown University warn on the Harvard Business Review’s blog.
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News
Too Big to Bail? Spain is Repeating Ireland’s Mistakes
Jun 13, 2012
“Spain is now heading down the same path that bankrupted Ireland,” INET grantee Stephen Kinsella of the University of Limerick and Mark Blyth of Brown University warn on the Harvard Business Review’s blog.
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News
FTD and Global Climate Forum to Host Event at Berlin’s Mercator Project Center
Jun 13, 2012
What is the role of Germany in Europe?