Thomas Palley: Economics for Democratic and Open Societies

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Jul.26 -- Thomas Palley, an independent economist and author of "From Financial Crisis to Stagnation," explains why President Donald Trump is such an important character in global economic history. He speaks with Bloomberg's Joe Weisenthal, Scarlet Fu and Julie Hyman on "What'd You Miss?"

Jul.26 -- Thomas Palley, an independent economist and author of "From Financial Crisis to Stagnation," explains why President Donald Trump is such an important character in global economic history. He speaks with Bloomberg's Joe Weisenthal, Scarlet Fu and Julie Hyman on "What'd You Miss?"

The conventional wisdom is there have been two globalizations in the modern era. The first began around 1870 and ended in 1914. The second began in 1945 and is still underway. This paper challenges that view and argues there have been three globalizations, not two. The first half of the paper provides empirical evidence for [...]

The deepening of economic globalization appears to have ground to a halt and the process may even unravel a little. The sudden stop has surprised economists, whose belief in globalization has strong parallels with Fukuyama’s (1989) flawed end of history hypothesis. The paper presents a simple analytic model that shows how economic globalization has triggered [...]

how to write critical analytical essay Essay 4 Tips.The rest of the essay explores what it means for bestessayswriter Meghan to constantly see this reminder of failure and to transform it into a sense of acceptance of her imperfections.Jennifer holds a PhD and a master’s in library and information studies (MLIS) from the University of Alabama, [...]

NIRP has quickly become a consensus policy within the economics establishment. This paper argues that consensus is dangerously wrong, resting on flawed theory and flawed policy assessment. Regarding theory, NIRP draws on fallacious pre-Keynesian classical economic logic that asserts there is a natural rate of interest which can ensure full employment. That pre-Keynesian logic has [...]

1. What are the major flaws you see within Modern Monetary Theory? (A) I like to say that MMT is a mix of “old” and “new” ideas. The old ideas are well known among Keynesian economists and are correct, but the new ideas are either misleading or wrong. The essential old idea, which everybody knows, is [...]

Thomas Carothers has recently written an article in Foreign Affairs, the prestigious elite journal published by the US based Council on Foreign Relations. The article asks is the US hypocritical for criticizing Russian election medlling? Given the place of publication, the unsurprising conclusion is it is not. The problem is the US is a champion [...]

This paper argues neoliberalism is engaged in a war against the welfare state. At issue are competing views regarding the size of the welfare state and how it should be organized. In waging this war, neoliberalism seeks to politically discredit the traditional welfare state and change the economic structure so that the latter becomes unviable. [...]