Mike Norman Economics

We knew this already but here are some numbers.International Policy DigestHow COVID-19 killed Donald Trump’s Hope of Re-election – New ResearchPaul Whiteley, Harold D. Clarke, Karl Ho and Marianne Stewart

Chinese President Xi Jinping’s recent announcement that China aims to achieve carbon neutrality before 2060 marks one of the most important policy initiatives of the last 40 years. Reaching this goal will require extensive collaboration between government and the private sector, animated by a heightened sense of urgency....Central planning an advantage in integrating policy and strategy? Project Syndicate China’s Path to Net ZeroErik Berglöf | Chief Economist of the Asian Infrastructure...

Keynes on eugenics. Keynes was concerned with Malthusian effects — population outstripping resources — in the developing world and advocated birth control.Marginal RevolutionMy excellent Conversation with Zach CarterTyler Cowen | Holbert C. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus Center

Just deserts based on marginal contribution or institutional bias?Economic Policy InstituteWages for the top 1% skyrocketed 160% since 1979 while the share of wages for the bottom 90% shrunk: Time to remake wage pattern with economic policies that generate robust wage-growth for vast majorityLawrence Mishel and Jori Kandra

Janet Yellen is married to George Akerlof. The post is mostly about him.George Akerlof's foremost contributions to economics are similar in kind (though not in content) to Hyman Minsky's in that they both brought to the fore extremely important information that was being overlooked, Akerlof in micro and Minsky in macro. EconospeakYellen And Akerlof Or Akerlof and Yellen?J. Barkley Rosser | Professor of Economics and Business Administration James Madison University

With modern money theory (MMT) receiving impressive attention, the implications this theory has for developing countries have also been discussed more intensely. Emphasizing both its strengths and gaps provides a great chance to further develop macroeconomic strategies for poverty reduction and environmental sustainability.Developing EconomicsEconomic Sovereignty for Developing Countries: What Role for Modern Money Theory?Basil Oberholzer

How did Richard Murphy do in summarizing MMT?Tax Research UKMMT: a primerRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum

Review of Christian Sorensen’s Understanding the War Industry (Clarity Press, 2020). Numbers.Bill Totten's WeblogUnderstanding the War Industry (2020)Jeremy Kuzmarov

 Hypothetical, but worth considering the numbers.The conditions are in place for a credit crunch owing to corporate debt if things don't turn around and governments don't step in. The situation is tenuous, and the US government is looking like it is turning back toward debt and deficit phobia based on Biden's economic team and the traditional GOP fiscal conservatism in Democratic administrations, which will be a factor unless Democrats take the US Senate.  Michael Roberts Blog — blogging...