Thomas Piketty’s New Book Brings Political Economy Back to Its Sources — Branko Milanovic

In the same way that Capital in the Twenty-First Century transformed the way economists look at inequality, Piketty’s new book Capital and Ideology will transform the way political scientists look at their own field.

ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of Business
Thomas Piketty’s New Book Brings Political Economy Back to Its Sources

Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie Endowment for International Peace

Matias Vernengo — The end of neoliberalism?

Not.

Naked Keynesianism
The end of neoliberalism?
Matias Vernengo | Associate Professor of Economics, Bucknell University

Philip Pilkington — Utilitarian Economics and the Corruption of Conservatism

Weekend reading on economic and political economy. Phil always has interesting things to say as a philosophical economist or economic philosopher.

American Affairs
Utilitarian Economics and the Corruption of Conservatism
Philip Pilkington

Bill Mitchell — Subsidiarity – a European Union smokescreen to justify failure

One of the various smokescreens that were erected by the European Commission and the bevy of economists that it either paid or were ideologically aligned to justify the design of the monetary union around the time of the Maastricht process was the concept of subsidiarity.

In 1993, the Centre for Economic Policy Research (a European-based research confederation) published its Annual Report – Making Sense of Subsidiarity: How Much Centralization for Europe? – which attempted to justify (ex post) the decisions imported from the 1989 Delors Report into the Maastricht Treaty that eschewed the creation of a federal fiscal capacity. It was one of many reports at the time by pro-Maastricht economists that influenced the political process and pushed the European nations on their inevitable journey to the edge of the ‘plank’ – teetering on the edge of destruction and being saved only because the European Central Bank has violated the spirit of the restrictions that a misapplication of the subsidiarity principle had created. It is interesting to reflect on these earlier reports. We find that the important issues they ignored remain the central issues today and predicate against the monetary union ever being a success....

Bill Mitchell – billy blog
Subsidiarity – a European Union smokescreen to justify failure
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Corey Robin — Sheldon Wolin, 1922-2015

More than a tribute to Sheldon Wolin.

Corey Robin
Sheldon Wolin, 1922-2015