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Saturday, June 22, 2013

New Blog On Monetary Economics by Wynne Godley student

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Inspiration This blog is intended to allow me to record and share occasional ideas, principally in the realm of monetary economics. My...
39 comments:
Friday, June 21, 2013

Jeffery Brown — One Million Protesters Fill Brazil's Streets to Vent Anti-Government Grievances

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Latin American Summer. PBS NewsHour One Million Protesters Fill Brazil's Streets to Vent Anti-Government Grievances Jeffery Brown...

Martin Wolf — How Austerity Has Failed

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Austerity has failed. It turned a nascent recovery into stagnation. That imposes huge and unnecessary costs, not just in the short run, but...
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Jillian Berman — Some Disabled Goodwill Workers Earn As Little As 22 Cents An Hour As Execs Earn Six Figures: Report

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I don't think that this is necessarily a good criticism of Goodwill. Management improved vastly after the board decided to hire profes...
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Mark Gongloff — Banker, CEO Pay Largely Responsible For Rising Inequality: Study

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Josh Bivens and Lawrence Mishel, economists at the Economic Policy Institute, a left-leaning think tank, argue in a study responding to Man...

Jan Diehm and Katy Hall — Success Metric

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The Huffington Post Third Metric Redefines Success (INFOGRAPHIC) Jan Diehm and Katy Hall

AFP — Mainstream media accused of belittling Brazilian protests

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Brazilians marching against corruption and the cost of the 2014 World Cup are also angry at the media, including the influential Globo netw...

David Edwards — McConnell: ‘Absurd’ to ban corporations from having same rights as ‘people’

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McConnell: ‘Absurd’ to ban corporations from having same rights as ‘people’ (via Raw Story ) Senate Minority Leader Mitch McConnell (R-...
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David Ruccio — Rent-seeking and the 1 percent

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I’m intrigued by the increasing references to rent-seeking as a way of making sense of the groteque unequal distribution of income in the...
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Michael Graham Richard — Auto dealers try to sneak in a bill that would put "Tesla out of business in New York"

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From the beginning, Tesla’s goal has been to catalyze the market for electric vehicles and selling through intermediaries at this stage of ...

Justin Fox — The Business-Friendly Legislature Known as SCOTUS

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In his 1978 Cornell Law Review article "The Supreme Court as a Legislature," law professor Geoffrey C. Hazard Jr. points out that...

Merijn Knibbe on land rent and financial rent.

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Paul Krugman is tinkering with a model which explains monopoly rents on products with ‘zero’ or at least very low production costs (pharmac...
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Dean Baker — The Bigger Problem With Mankiw's Plan to Give Everything to the One Percent

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No, Professor Mankiw, it wasn't "the market." CEPR The Bigger Problem With Mankiw's Plan to Give Everything to the One...
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Warren Mosler — Friday update- deficits matter, a lot!

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Macro outlook. Fiscal drag increasing. No obvious offset from other sectors. Potential contraction looming. The Center of the Universe ...
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Bill Mitchell – Case Study – British IMF loan 1976 – Part 3

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I am now using Friday’s blog space to provide draft versions of the Modern Monetary Theory textbook that I am writing with my colleague and...

How To Avoid The Cyclical Trap Of Arbitrarily Constraining Real Growth In Order To Make Nominal Numbers Look "Good"

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Commentary by Roger Erickson This links fiat currency operations to multiple disciplines, so it's posted at OOF .
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Mark Thoma — Paul Krugman: Profits Without Production

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It's the rent, stupid. Has Paul Krugman been reading Michael Hudson, or could any fool figure this out? What's taken so long? Con...
Thursday, June 20, 2013

Edited video of Mosler versus Murphy now available

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MMT vs. Austrian School Debate  ModernMoneyNetwork Kudos Rebecca Rojer
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Andrew Gavin Marshall — Global Power Project: Identifying the Institutions of Control

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The was posted yesterday at AlterNet and reposted today at Truthout. The Global Power Project, an investigative series produced by Occup...
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Jeremy Smith — The key policy issue for China's leadership - urbanization

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Chin'a leaders explain their plan for development. Huge task. Test of central planning. Prime The key policy issue for China's...

Josh Bivens and Lawrence Mishel — Financial Professionals as Evidence of Rents in Top 1 Percent Incomes

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The debate over the extent and causes of rising inequality of American incomes and wages has now raged for at least two decades. In this pa...

Lars P. Syll — Neoclassical economics – emperor without clothes

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Conclusion – don’t believe a single thing of what these microfounders tell you until they have told you how they havecoped with – not evade...
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Matias Vernengo — The Latin American left and its discontents

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Summary of what's happening in Latin America. Progress on balance, if you are coming from the left of spectrum. Naked Keynesianism ...
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Dirk Ehtns — China Credit Crunch – it’s the central bank, stupid!

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The New York Times reports on the Chinese financial market mentioning a "credit crunch." However, it seems that the credit crunch...

David Ruccio — Who framed inequality?

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More on economics and power. OCCASIONAL LINKS & COMMENTARY on economics, culture and society Who framed inequality? David Ruccio...
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Lord Keynes — Gardiner Means on Administered Prices

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Gardiner’s conclusions are worth quoting: “... the actual behavior of administration-dominated prices … tends to differ so sharply from t...
55 comments:

The Current Moment — The Future of Work

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Although every so often there are breathless declarations of the end of work, the collapse of work, and that technology is leading to a wor...

Bill Mitchell – It is hard to defend the 1 per cent by claiming their contribution added value

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Mitchell responds to Mankiw's apologetic for the "job creators" — after a short comment on Japan. Bill Mitchell – billy blo...
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Wednesday, June 19, 2013

David Edwards — Steve King: Secret income is ‘part of freedom’

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Steve King: Secret income is ‘part of freedom’ (via Raw Story ) Rep. Steve King (R-IA) on Wednesday told a tea party rally that the Int...
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Eric Dolan — Warren on Trans-Pacific Partnership: If people knew what was going on, they would stop it

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Warren on Trans-Pacific Partnership: If people knew what was going on, they would stop it (via Raw Story ) Senator Elizabeth Warren (D-...