Heterodox
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What is new?
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Powell doing his “work” for the White House
Biden wants the Fed to kill inflation but the Fed is just making it worse.
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Timothy Snyder on why we should thank Ukrainians
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$Billions meant to help patients afford drugs are being diverted
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Believing and Time
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Beds are burning
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Don’t be in the dark!
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The biggest lie ever told.
Ann Pettifor: Debtonation
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Verso Live: Ann Pettifor and The Care Collective
The politics of radical care Carelessness reigns; ‘self care’ is self-serving; privatisation is swamping the care sector; in this time of global pandemic and care crisis The Care Collective are joined by Ann Pettifor, author of The Case for the Green New Deal, to discuss their new proposal for caring change: The Care Manifesto. This ...
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World Class Live Casino & Online Sports Betting
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IST2020 Keynote by Ann Pettifor
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IST 2020 Ann Pettifor – Graphic Recording
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Permainan Judi Bola Online Paling Digemari di Agen Sbobet Terpercaya
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#betd2020 Speaker Statement: Ann Pettifor
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Agen Judi Bola Terpercaya Paling Direkomendasikan Di Indonesia
Baseline Scenario
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A Few Quick Announcements
By James As I wrote a couple of years ago, I don’t post here anymore. I just have a couple of updates for people who subscribe and may be interested in my work. I upgraded my personal website to the 21st century. I have a new book! The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts is coming out on June 20 from the New Press. My co-author is Stephen Bright, a legendary death penalty...
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Letter to Treasury Secretary Janet Yellen: In Support of a Price Cap on Russian Oil Exports
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Assessment: Stacey Abrams’ Budget Plan
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Imposing Sanctions on Russian Energy Exports
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Quick Housekeeping Note
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Quick Housekeeping Note
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Moving On
Chris Blattman
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Cyber Warfare Is Getting Real: The risk of escalation from cyberattacks has never been greater—or the pursuit of peace more complicated
In 2022, an American dressed in his pajamas took down North Korea’s internet from his living room. Fortunately, there was no reprisal against the United States. But Kim Jong Un and his generals must have weighed retaliation and asked themselves whether the so-called independent hacker was a front for a planned and official American attack.In 2023, the world might not get so lucky. There will almost certainly be a major cyberattack. It could...
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The Hard Truth About Long Wars: Why the Conflict in Ukraine Won’t End Anytime Soon
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Presentation to the Joint Chiefs Operations Directorate
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Spectator picks WWF as a best book of 2022
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From street fights to world wars: What gang violence can teach us about conflict
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The prospects for war with China: Why I see a serious chance of World War III in the next decade
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When is War Justified?
Cullen Roche: Pragmatic Capitalism
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Understanding the Modern Monetary System – Updated!
It’s been over 10 years since I published Understanding the Modern Monetary System, one of the most widely read papers in the SSRN research database. I published this paper because I was having trouble finding a succinct but thorough explanation of money and macroeconomics during the financial crisis. Further, many of the mainstream explanations of concepts like QE, banking, inflation and money appeared outdated at best and wrong at worst....
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We’re Moving!
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Has Housing Bottomed?
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The Economics of a United States Divorce
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Three Things I Think I Think – No Landing
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The Investor’s Podcast: ESG Investing, The Death of 60/40 and More
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2023 Market Outlook: Inflation, Recession, and the Fed w/ Cullen Roche (TIP523)
EconoSpeak
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Only DA Willis Can Save Us
Imagine: Trump convicted of federal crimes by Jack Smith, sentenced to prison and imprisoned during 2024 election cycle, wins election and proceeds to pardon himself. The Supine Court upholds his self-pardon, Thomas writing for the majority.Are you sufficiently scared? To forestall this, he must be convicted of serious felonies at the state level: a president's power to pardon only bears on federal crimes. Hence my title: Godspeed, Fani...
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Peter Pan to the rescue
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Escape from Muddle Land
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Economic Insomnia? A Review of “The Guest Lecture” by Martin Riker.
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This Is What Happens When Progressives Look the Other Way
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The Unbearable Tightness of Peaking
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No More Noma
Francis Coppola
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Sunset
Dear friends, this is my last post on this site. Coppola Comment has moved to Substack. You can find the new site here. Why the move? Well, Blogger has become increasingly difficult to use. The code generator is buggy and I constantly have to mess around with the HTML to make posts look half decent. I don't have the time for this nonsense. I just need a nice straightforward CMS that doesn't make my life difficult. Also, those of you who...
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A fractional reserve crisis
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What really happened to Signature Bank NY?
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The Peston effect
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Silvergate Bank – a post mortem
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Lessons from the disaster engulfing Silvergate Capital
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This Economist Doubts We Will Have A Recession, But Crypto Has More To Lose | Frances Coppola
Jodi Beggs: Economists Do It With Models
John Aziz: Azizonomics
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My Future
I am winding down Azizonomics, though, as I am sure you are already aware it has already existed in a winded down state for many years, particularly since I left The Week in 2014. I mostly started this blog in 2011 because I was concerned about the economy, and the future, and was reading a lot, and jotting down my thoughts. From today, I will be focusing on my new podcast: Cybernetics Chat. The focus of that is much more a mixture of...
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Britain in the Boris Era
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My Thoughts On Brexit
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Bitcoin Is Failing As Money—But Bitcoin Cash Isn’t
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Don’t Tolerate The Trumpists
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Yellen: “There Will Be No New Crisis In My Lifetime”
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Protected Blog › Log in
John Quiggin
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Beds are burning
Still only September, the country is burning and Australia’s disgrace is on world display. Unlike Morrison and Turnbull, who had to placate the denialists on their own side, #Albanese and Plibersek are choosing #climate destruction against the wishes of their supporters and voters https://www.abc.net.au/news/2023-09-20/australia-called-to-ramp-up-climate-ambitions-nyt-ad/102876940 Share this:Like this:Like Loading...
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French Lesson: we don’t need nuclear power, we need a new Pierre Messmer
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Monday Message Board
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HAFF-baked
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Europe’s Bradbury moment
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As gas-guzzlers dominate our roads, the queue to buy an EV in Oz just gets longer
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Monday Message Board
Lars P. Syll
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Econometrics — a mixture of ‘metaphors, metaphysics, and a pinch of bluff’
Econometrics — a mixture of ‘metaphors, metaphysics, and a pinch of bluff’ This effort to create foundations for the probability approach in econometrics finally results in an inconsistent set of claims in its defence. First, there are vast amounts of experience which warrant a frequency interpretation. This is supported by repetitive discussions of experimental design, but the inability to experiment inspires an...
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Bankerna driver på klimatkrisen
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Radical universalism beyond identity
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Min vän — den sorts människa som Gud inte gjorde någon kopia av
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Resisting the ‘statistical significance testing’ temptation
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Varför är den svenska inflationen så hög?
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The misuse of mathematics in economics
Michael Hudson
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Buying US Debt Subsidizes Imperialism
[unable to retrieve full-text content]Michael Hudson | A piece of advice: Buying U.S. debt is to provide ammunition for U.S. military expansion Source: Observer Network 2023-06-01 08:01 The June 5 deadline referred by US Treasury Secretary Janet Yellen has fallen, and the US debt ceiling negotiations have entered the final congressional voting juncture. House Speaker McCarthy, who was eager Continue Reading The post Buying US Debt Subsidizes...
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On Obama, Castro & General McArthur
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Achieving by Undermining
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The Arc of Time: Pro-Creditor History
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Neo-Liberal Machine Corners Ukraine, EU
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Pepe Escobar’s review of The Collapse of Antiquity
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Krugman Clings to Currency Tropes
Mike Norman Economics
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Powell doing his “work” for the White House
Biden wants the Fed to kill inflation but the Fed is just making it worse.
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Don’t be in the dark!
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Something unexpected popped up on the Daily Treasury Statement.
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Trump bemoans high interest rates and indicates he might pressure Fed to lower
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Politics
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In Vladivostok, the Russian Far East rises — Pepe Escobar
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September 15. Tax drain. I told you this was coming.
Mosler Economics
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Updated blog posts
Please visit https://warrenmosler.com/blog/ for new posts! Thank you!
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Housing permits and starts, GDP forecast
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Housing permits and starts, GDP forecast
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Industrial production, EU trade, miles driven
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Industrial production, EU trade, miles driven
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Retail sales, consumer sentiment
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Retail sales, consumer sentiment
Multiplier Effect
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Otmar Issing Is Still Living in His Monetary Fantasy World
Otmar Issing can look back on a long and consequential central banking career. Even in his retirement he is still living the part, evaluating whether his successors at the European Central Bank are pursuing stability-oriented monetary policies to his liking. His most recent critique (“‘Living in a fantasy’: euro’s founding father rebukes ECB over inflation response” https://www.ft.com/content/145b6795-2d21-48c6-984b-4b05d121ba16) shows him on...
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An Accommodative Fiscal Stance Is Crucial for India
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Join Us for the 2022 Levy Institute Summer Seminar
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Are Concerns over Growing Federal Government Debt Misplaced?
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Is Climate Change a Fiscal or Monetary Policy Challenge?
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Women’s Economic Empowerment and Control over Time in Sub-Saharan Africa (Nov 1-2)
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Podcast on Gender Budgeting
Naked Keynesianism
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Dollar Hegemony, coming soon
The dollar's hegemony rests on the economic, military, and international political power of the USA. There have been two eras of dollar hegemony which were characterized by different models. Dollar hegemony 1.0 corresponded to the Bretton Woods era (1946-1971). Dollar hegemony 2.0 corresponds to the Neoliberal era (1980-today). The deep foundation of both models is USA power, but the two models have different economic operating systems. The...
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Book Presentation “India from Latin America. Peripherisation, Statebuilding, and Demand-Led Growth” by Manuel Gonzalo
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The menace of the myth of General Pinochet’s Chilean economic miracle
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Structuralism, Calssical Political Economy and Demand-led Growth
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Hysteresis in economics
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Serrano on conflict inflation and inertia (in Portuguese)
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Lulismo’s Past and Present
New Economic Perspectives
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New Economic Perspectives 1970-01-01 00:00:00
[unable to retrieve full-text content]
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Standard Money Theory and the Coronavirus
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Standard Money Theory and the Coronavirus
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Standard Money Theory and the Coronavirus
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Manhattan Project to prevent Hyper-Inflation
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Manhattan Project to prevent Hyper-Inflation
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Manhattan Project to prevent Hyper-Inflation
New Economics Foundation
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Who gets to be a kid?
Blog Who gets to be a kid? Young people of colour are perceived as ‘more adult’ than their peers - often with devastating consequences. By Hannah Francis 15 September 2023 This is an article from the sixth issue...
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The community right to buy
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At home in the housing movement
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Draining every last drop of oil and gas won’t ease the cost of living crisis
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Childcare for every generation
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All ages, one purpose
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New EU fiscal rules jeopardise investment needed to combat climate crisis
Peter Cooper: Heteconomist
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‘Unproductive’ Labor and Marxist Resistance to MMT
Rather than engage in histrionics over what is obviously a supply-side or cost-push (rather than demand-side or demand-pull) inflationary period, I have been pondering Marxist resistance to MMT. When viewed from the standpoint of Marx’s theory of value, the resistance makes little sense, since there is nothing in MMT necessarily incompatible with a conception of value based in labor time. When viewed from the standpoint of politics, it also...
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A Currency-Issuing Government Must Spend Before Non-Government Can Meet Its Net Financial Liabilities
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Comments on Recent Marxist Claims about MMT and Incidentally Kalecki
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Marx and MMT – Remarks on Long-Term Policy and Social Implications
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‘Money’ in Marx and MMT and Social Implications
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Marx, MMT, and a Currency’s Expression of Labor Time
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MMT and Embedded Marxian Value
Philip Pilkington: Fixing Economists
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Fixing the Economists 1970-01-01 00:00:00
[unable to retrieve full-text content]
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FX Crises and the Trajectory of Interest Rates
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Is China Facing a Minsky Moment?
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Inflation, the Quality Factor and Distribution
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Investing During Inflation
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Podcast on Inflation and Labour Shortages
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Forecasting Future Inflation Using Private Sector Indices
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Post-Keynesian
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Extensive Rent and Markup Pricing In A Complicated Example
Figure 1: Variation of Technique with Relative Markups "That 'diminishing returns' was not an essential element in the surplus-based theory emerged in Marx's criticisms of Ricardo. Sraffa (1960), in his short chapter on land, the implications of which have yet to be developed, shows how the classical view of rents need not necessarily rest on the conception of 'the law of diminishing returns' or need not suggest necessarily any functional...
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Marginalism As A Distortion Of Classical Rent Theory
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Competitive Capitalism Rewards Inefficiency: The Production of Commodities with Extensive Rent and Markup Pricing
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An Answer To Ludwig Von Mises
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Correspondence Among Marxists
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On My Research Program With Fluke Switch Points
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Intensive Rent, Extensive Rent, And Absolute Rent
Prime, Policy Research in Macroeconomics
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Monetary Policy Debates in the Age of Deglobalisation: the Turkish Experiment – III
A slightly edited version of this article first appeared in the Economic and Political Weekly on 22 July 2023. Summary: This article is the third and last in a series of articles on monetary policy debates in the age in which deglobalisation became a buzzword. Here, we continue our discussion of the ongoing Turkish monetary policy experiment by focusing on macroprudential measures, capital controls and central bank independence, as promised in...
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Blame economists for decades of false security
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Feeling the pay pain
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The UK economy – stalled and unhealthy
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UK – bottom of the international economic league table
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Monetary Policy Debates in the Age of Deglobalisation: the Turkish Experiment-II
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Settling the public sector pay disputes now – modest cost, big benefits
Progressive Economics Forum
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Save the date: London (UK) in May 2024
I’m pleased to share a ‘save the date’ for study tour: London (UK) in May 2024. Here’s the link: https://cihcanada.ca/calendar-by-month/calendar-by-list/ For this particular event, there will be two components: a housing tour for 2.5 days, and then a homelessness tour for 2.5 days. We expect some people will choose to register for both, while others will pick just one. The registration fee for each component is expected to be CA$900 +...
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Homelessness among Indigenous peoples
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Homelessness in New York City
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PEF at the Canadian Economics Association meetings 2023
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Health and homelessness
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What did Canada’s recent federal budget do for housing and homelessness?
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Subsidized rental housing and homelessness under Alberta’s first UCP government
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Real-World Economics Review
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Latest SNB Intervention Update: Weekly Sight Deposits
Weekly update on SNB interventions: Sight deposits are debt for the central bank. An increase of sight deposits implies more debt and SNB interventions
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Swiss National Bank: Lost More than Half of Owners’ Equity
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What Drives Government Bond Yields?
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Swiss National Bank: Composition of Reserves and Investment Strategy
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The Euro Glut: The Summer 2015 Update
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The Holy Grail of Long-Term Currency Movements: Crowther’s Balances and Imbalances of Payments
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SNB interventions June 2015
Robert Skidelsky
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Comment in the House of Lords on a post-Putin Russia
Lord Skidelsky My Lords, the noble Lord, Lord Purvis, made an important point about the importance of thinking about a post-Putin future. I have never thought that Putin either can or deserves to survive this adventure on which he has embarked, but I am interested in what is meant by such phrases as “withdraw his troops and end this bloodshed now”, and a remark from the Labour Front Bench about the importance of “winning the war”....
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Creeping Toward Dystopia
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FrankenTech
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Can Governments Still Steer the Economy?
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Speech on the Spring Budget Statement 2023
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Robert Skidelsky 2023-03-01 10:44:24
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Letter: The economic conditions that make wars more likely
Robert Vienneau: Thoughts Economics
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Extensive Rent and Markup Pricing In A Complicated Example
Figure 1: Variation of Technique with Relative Markups "That 'diminishing returns' was not an essential element in the surplus-based theory emerged in Marx's criticisms of Ricardo. Sraffa (1960), in his short chapter on land, the implications of which have yet to be developed, shows how the classical view of rents need not necessarily rest on the conception of 'the law of diminishing returns' or need not suggest necessarily any functional...
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Marginalism As A Distortion Of Classical Rent Theory
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Competitive Capitalism Rewards Inefficiency: The Production of Commodities with Extensive Rent and Markup Pricing
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An Answer To Ludwig Von Mises
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Correspondence Among Marxists
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On My Research Program With Fluke Switch Points
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Intensive Rent, Extensive Rent, And Absolute Rent
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Seldomly updated
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A Few Quick Announcements
By James As I wrote a couple of years ago, I don’t post here anymore. I just have a couple of updates for people who subscribe and may be interested in my work. I upgraded my personal website to the 21st century. I have a new book! The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts is coming out on June 20 from the New Press. My co-author is Stephen Bright, a legendary death penalty...
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Letter to Treasury Secretary Janet Yellen: In Support of a Price Cap on Russian Oil Exports
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Assessment: Stacey Abrams’ Budget Plan
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Otmar Issing Is Still Living in His Monetary Fantasy World
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Imposing Sanctions on Russian Energy Exports
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An Accommodative Fiscal Stance Is Crucial for India
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Join Us for the 2022 Levy Institute Summer Seminar
Sergio Cesaratto: Politica and EconomiaBlog
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Intervista a Il sussidiario
J’ACCUSE/ “La Bce vuole la recessione e colpisce due volte l’Italia” Pubblicazione: 21.12.2022 - int. Sergio Cesaratto La Bce cerca una recessione per far diminuire l’inflazione e colpisce doppiamente l’Italia che si troverà quindi in grandi difficoltà...
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Intervista sul Sussidiario su guerra e bilancio
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Presentazione a Rio (virtuale) su Surplus ed istituzioni
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As fronteiras do pensamento heterodoxo | Sergio Cesaratto | Fabio Petri
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Inflazione, elezioni e conflitto
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A propos di Sei lezioni sulla moneta
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Sei Lezioni sulla Moneta: una discussione con Sergio Cesaratto
Socialdem. 21st Century
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Technologie in deutschen Casinos – Wie sich Casinos an das digitale Zeitalter anpassen
In den letzten Jahren hat sich die Welt des Glücksspiels mit dem Aufkommen von online Casinospielen verändert, die enorm an Popularität gewonnen haben und Millionen von Spielern weltweit in ihren Bann ziehen. Moderne Technologien und Casinos gehen seit jeher Hand in Hand. So etwas wie Casinospiele ins Internet zu bringen, war an sich schon eine ...
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HASIL DEBAT, KELOMPOK 12 LORD KEYNES
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Bibliography on Marx’s Law of the Falling Rate of Profit
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Responding to Keith Woods’ (and Lord Keynes’) Critique of the Labour Theory of Value
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DEBATE: Lord Keynes VS Victor Magariño
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Zachariah’s “Labour Value and Equalisation of Profit Rates”: A Critical Review
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Lord Keynes
Stavros Mavroudeas Blog
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Banksvikt og faren for en ny krise, Av Stavros Mavroudeas – Marxistisk senter, Norge
Banksvikt og faren for en ny krise[embedded content] Banksvikt og faren for en ny krise Av Stavros Mavroudeas Forfatteren er professor i politisk økonomi ved Panteion-universitet i Hellas. Den globale økonomien har nylig blitt rystet av en bankkrise. Fra USA – til tross for erklæringene i EU og andre steder – spredte problemene seg raskt videre, i det minste til resten av de vestlige økonomiene. Amerikanske Silicon Valley Bank ble...
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Den politiske alkymisten Yanis Varoufakis, Av Stavros Mavroudeas – Marxistisk senter, Norge
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EL CONFIDENCIAL – El retorno de los ‘cerdos’? – Roberts, Murillo & Mavroudeas
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Συνέντευξη του Στ.Μαυρουδέα στο El Confindencial για την κατάσταση της οικονομίας στην ΕΕ και στην Ελλάδα
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Interview of S.Mavroudeas for EL CONFIDENTIAL on the state of the EU and the Greek economy
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On the anniversary of F.Engels death
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Επέτειος θανάτου του Friedrich Engels
Steve Keen’s Debt Watch
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Banksvikt og faren for en ny krise, Av Stavros Mavroudeas – Marxistisk senter, Norge
Banksvikt og faren for en ny krise[embedded content] Banksvikt og faren for en ny krise Av Stavros Mavroudeas Forfatteren er professor i politisk økonomi ved Panteion-universitet i Hellas. Den globale økonomien har nylig blitt rystet av en bankkrise. Fra USA – til tross for erklæringene i EU og andre steder – spredte problemene seg raskt videre, i det minste til resten av de vestlige økonomiene. Amerikanske Silicon Valley Bank ble...
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Den politiske alkymisten Yanis Varoufakis, Av Stavros Mavroudeas – Marxistisk senter, Norge
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EL CONFIDENCIAL – El retorno de los ‘cerdos’? – Roberts, Murillo & Mavroudeas
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Συνέντευξη του Στ.Μαυρουδέα στο El Confindencial για την κατάσταση της οικονομίας στην ΕΕ και στην Ελλάδα
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Interview of S.Mavroudeas for EL CONFIDENTIAL on the state of the EU and the Greek economy
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On the anniversary of F.Engels death
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Επέτειος θανάτου του Friedrich Engels
The Angry Bear
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Timothy Snyder on why we should thank Ukrainians
Timothy Snyder is the Richard C. Levin Professor of History at Yale University, a permanent fellow at the Institute for Human Sciences in Vienna and an expert on Russian and Eastern European history. Yesterday, he narrated an essay on his subscription-only Substack site “Thinking about . . . “ on the occasion of Volodymyr Zelenskyy’s visit to the US and expression of gratitude for UN support. Snyder believes that we should be thanking...
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$Billions meant to help patients afford drugs are being diverted
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Believing and Time
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Long awaited downturn in multi-family construction may finally have happened
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Seeking the reasons for the death for HB 135
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The 2022 Globie: Money and Empire
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Do away with the biggest threat to democracy — with one easy federal labor law stroke.
Thomas Palley: Economics for Democratic and Open Societies
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The menace of the myth of General Pinochet’s Chilean economic miracle
September 11, 2023, marks the fiftieth anniversary of General Pinochet’s military coup against Chilean President Salvador Allende. While it is now widely recognized that Pinochet authorized large-scale human rights abuses, there is an accompanying narrative that he also unleashed an economic miracle via embrace of Milton Friedman’s “Chicago Boys” vision of a market economy. The ...
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Broadening the application of hysteresis in economics: institutions, policy lock-in, psychology, identity, and ideas
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Ukraine destroyed the Kakhovka dam: a forensic assessment
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The forgotten case against Milton Friedman: an interview about inflation and the Phillips curve
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Causes and consequences of the Ukraine conflict: an eight-point primer
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Keynes’ denial of conflict: why The General Theory is a misleading guide to capitalism and stagnation
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World Cup, RT CrossTalk, and US domestic censorship
Thomas Piketty
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France and its territorial divides
To analyse the urban riots of 2023 – by far the most serious since those of 2005 – and the political misunderstandings to which they give rise, it is essential to go back to the roots of France’s territorial malaise. The suburbs that are currently catching fire have much more in common with the abandoned villages and midsize towns than is sometimes imagined. The only way out of the current contradictions is to bring these different...
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For a European Parliamentary Union (EPU)
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What if economists were about to change?
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Can we trust constitutional judges?
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Macron, the social and economic mess
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Se equivocó Thomas Piketty jaja #shorts
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Debate entre Alain Badiou y el economista Thomas Piketty
Yanis Varoufakis: Thoughts for the Post-2008 World
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Yanis Varoufakis über den Bedarf der Welt an einer neuen Bewegung der Blockfreien Staaten
Https://en.m.wikipedia.org/wiki/Kutub_al-Sittah#cite_note-tahir-4 https://podcasts.ox.ac.uk/ http://videolectures.net/ https://medieval.bodleian.ox.ac.uk/ https://portail.biblissima.fr/en https://sms.cam.ac.uk/ https://plato.stanford.edu/entries/qt-quantlog/ https://ui.adsabs.harvard.edu/ https://www.persee.fr/ http://hadithtransmitters.hawramani.com http://www.onacademic.com/detail/journal_1000041695625699_93d5.html...
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Yanis Varoufakis speaks on Julian Assange at the Belmarsh Tribunal Sydney, Australia.
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Εκδήλωση | Από την Κρίση στον Πόλεμο: Ένας Χρόνος Μετά
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Γ.Βαρουφάκης: Η τραγωδία στα Τέμπη επιβεβαιώνει πως ο διαχωρισμός δικτύου-παρόχων είναι εγκληματικός
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Yanis Varoufakis | Cambridge Union
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Yanis Varoufakis über den Bedarf der Welt an einer neuen Bewegung der Blockfreien Staaten
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Πανέτοιμο το Μέρα25 του Βαρουφάκη για Εκλογές.VAROUFAKIS VARIANT DETECTED