Mike Norman Economics

"It" is the so-called liberal world order that anything but.The Case for Concerted ActionPankaj Mishra – The Mask That It WearsV. Ramanan

On June 15, 2018, the OECD released their report – A Broken Social Elevator? How to Promote Social Mobility – which provided “new evidence on social mobility in the context of increased inequalities of income and opportunities in OECD and selected emerging economies”. If you are still wondering why the mainstream progressive political parties have lost ground in recent years, or why the Italian political landscape has shifted from a struggle between ‘progressive’ and conservative to one...

The Europhiles have been tweeting their heads off in the last week or so thinking that the corner has been turned – by which they mean that Germany is about to get all cuddly with France and agree to fundamental shifts in thinking which will make the dysfunctional Economic and Monetary Union (EMU) finally workable, without the need for the ECB to break Treaty law by propping up the private bond markets. The most recent incarnation of the ‘saviour’ is a few words that the new German Finance...

One could argue that the US has always been an empire. Thomas Jefferson called the US an empire, but an “empire of liberty” dedicated to spreading freedom around the globe. Tell that to the Native Americans killed and dispossessed by White Settlers. Tell that to the Mexicans. The US seized a third of their country through war. Still, it wasn’t until 1898 that the US acquired its first overseas colony. Hawaii had been an independent nation. In 1887, American planters in the islands had...

Maybe socialism in the 1970's wasn't so bad after all. KV  In the USA, "the percentage of the population that is employed has barely budged since the depths of the last recession." "According to John Williams, if honest numbers were being used the unemployment rate would actually be 21.5 percent today. "The government has simply been moving people from the 'officially unemployed' category to the 'not in the labor force' category for many, many years. "If we use the...

Hear, hear! America needs no help in destroying its soft power and moral standing in the world. It's doing that just great all on its own.Caitlin Johnstone — Rogue JournalistMattis: Putin Is Trying To “Undermine America’s Moral Authority” Caitlin Johnstone

IG Horowitz is adopting a very narrow legal interpretation while opting to give DOJ and FBI officials the benefit of the doubt. In other words, unless he was presented with "documents" or "testimony" that political bias was influencing decisions, Horowitz decided to assume that everyone was acting in good faith. I suspect this was introduced into his draft by DOJ and FBI reviewers who were alarmed at the obvious conclusion an objective reader would reach if they only read the facts-the DOJ...

Neo-classical economics doesn’t offer useful insights for disruption. EvonomicsHow Changing My Economic Model Made Me a Climate Change OptimistAnthony Patt | Professor of Climate Policy at ETH Zurich, the author of Transforming Energy: Solving Climate Change with Technology Policy (Cambridge Univ. Press 2015), and a Coordinating Lead Author for Working Group III of the Intergovernmental Panel on Climate Change.

One often encounters assertions that recessions are the result of an excess demand for money (or some variant), based on various equilibrium arguments. Although one could superficially interpret recessions in such a fashion, the issue is that this interpretation does not help analyse the business cycle. In other words, it is a non-falsifiable statement that offers no useful information. In my view, discussions involving "money" or "safe assets" provide us an example regarding the limited...

Read this as though it were about economics rather than religion.OUP BlogRevitalizing the Epistemology of ReligionMatthew A. Benton |  Assistant Professor of Philosophy at Seattle Pacific University