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Showing posts with label institutionalism. Show all posts
Showing posts with label institutionalism. Show all posts
Tuesday, March 24, 2020

Nathan Tankus — What if The Federal Reserve Just ... Spent Money?

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Nathan Tankus is a go-to guy on the institutional side of MMT. Following Scott Fullwiler, I also highly recommended subscribing to his new ...
2 comments:
Thursday, February 27, 2020

Rohan Grey — Administering Money: Coinage, Debt Crises, and the Future of Fiscal Policy

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Abstract The power to coin money is a fundamental constitutional power and central element of fiscal policymaking, along with spending,...
4 comments:
Thursday, September 5, 2019

Lars P. Syll — Esther Duflo vs Elinor Ostrom

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Agnès Labrouse quote.  The most revelant sentence:  While Duflo and Banerjee are in line with a technocratic democracy, the Ostroms ...
Monday, October 15, 2018

Peter Radford on corporations

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Most theories of the firm within economics pick up the narrative with the existence of the corporation as a given. They then bend over bac...
1 comment:
Wednesday, December 27, 2017

Bill Mitchell — The path out of the low wage trap is limited by fiscal austerity

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During my postgraduate study years I read a 1954 article by American economist Clark Kerr entitled – The Balkanization of Labor Markets –...
Wednesday, October 11, 2017

Brian Romanchuk — MMT And Automatic Stabilizers

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The recent internet debates about Modern Monetary Theory (MMT) have been interesting, but the various critics of MMT have largely missed th...
9 comments:
Friday, September 22, 2017

Awara — Simple Tips That Will Help You Choose the Best Accounting Company in Russia

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While doing business in Russia, you might have already learned the easy or the hard way that local accounting principles significantly diff...
Tuesday, June 13, 2017

David M. Fields — New Book: Money as a Social Institution – The Institutional Development of Capitalism

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Money as a Social Institution – The Institutional Development of Capitalism by Ann E. Davis and published by Routledge Radical Political E...
1 comment:
Monday, May 29, 2017

Dirk Ehnts — “If I watch a football match”

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Elementary institutional economics. Substitute unit of account for a central bank note and banks for the competing teams in a league in thi...
Sunday, April 16, 2017

Diane Coyle — Economics and its soul

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Diane Coyle argues that economics has actually regained its soul by reincorporating institutionalism. So a lot of the current criticism ab...
1 comment:
Friday, October 21, 2016

Michael Hudson — Rentier Capitalism – Veblen in the 21st century

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As the heirs to classical political economy and the German historical school, the American institutionalists retained rent theory and its c...
1 comment:
Monday, September 26, 2016

Noah Smith — Economics Has a Major Blind Spot

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Noah Smith is becoming a better economist after leaving academia for the media. He is becoming an institutionalist, perhaps without realizin...
4 comments:
Saturday, September 17, 2016

Brad DeLong — Musings on “Just Deserts” and the Opening of Plato’s Republic – More

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Greg Mankiw Defending the 1% proposes what he calls the “just deserts” theory of social justice: What you have gained and hold by playin...
Sunday, August 21, 2016

Nicolas Colin — Brexit: Doom, or Europe’s Polanyi Moment?

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Brad DeLong calls this a must-read. I agree. It's mostly about the current historical period, which Nicholas Colin interprets and a...
24 comments:
Sunday, April 3, 2016

ProMarket — Is There a Crisis in the Economic Theory of the Firm? Participants at Harvard Business School Conference Agree: Firms Try to Change the Rules of the Game

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A novel conference at Harvard Business School brought together top scholars in order to answer the question: Is Milton Friedman’s dictum th...
Thursday, March 10, 2016

Peter Radford — Why Trump?

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Not really about Trump. For those of us who value economics as an understanding of a critical part of social reality we must insist that ...
Tuesday, March 8, 2016

Pavlina R. Tcherneva — Money, Power, and Monetary Regimes

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ABSTRACT Money, in this paper, is defined as a power relationship of a specific kind, a stratified social debt relati...
Sunday, January 17, 2016

Russ — Religion is All Good and Well….

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This is a nice short post on abstraction and reification of ideas. Most of what we deal with today in the " Antropocene  epoch" i...
6 comments:
Monday, November 30, 2015

Timothy Taylor — Douglass North and Instititions

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In some ways, North's emphasis on institutions has become so embedded in economic thinking that it runs the risk of sounding obvious. B...

Siobhan Austen and Darren O'Connell — Nobel Laureate Douglass North’s work leaves a strong legacy for economics

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North focused on economic history in the belief that we need first to develop an understanding of what determined the performance of econom...