News blackout. Checkpoint Asia Every Major MSM Paper Declined to Run This Piece on UK Treatment of Assange by UN Rapporteur on Torture Nils Melzer, UN Special Rapporteur on Torture
Read More »Billions of Dollars Later, China Chipmakers Gain Ground but Still Trail Global Leaders — Doug Young
Backgrounder.Checkpoint AsiaBillions of Dollars Later, China Chipmakers Gain Ground but Still Trail Global LeadersDoug YoungOriginally appeared at Caixin
Read More »Modern Economics Versus Islamic Economics — Asad Zaman
Stuart Birks publishes WEA Commentaries. This is a project of the World Economic Association, which is the World’s largest organization of heterodox economists, who aim to challenge the dominant, mainstream, orthodoxy in economics. In the latest issue of the commentaries, Stuart has published extracts from my article on “Islam’s Gift: An Economy of Spiritual Development“. Initial segment of these extracts is as follows: An Islamic WorldViewModern Economics Versus Islamic Economics Asad...
Read More »If innovators can solve India’s problems, they can save the world. Here’s why. — Nikhil Malhotra
India is a country of contrasts. It is home to a $160 billion tech services industry, while also buffeted by environmental and social challenges - and this makes it fertile ground for globally scalable, tech-driven solutions.... World Economic ForumIf innovators can solve India's problems, they can save the world. Here's why. Nikhil Malhotra
Read More »Thinking strategically about platforms — Diane Coyle
Short review of The Business of Platforms by Michael Cusumano, Annabelle Gawer and Devid Yoffie. Digital platforms are now looming large in the globalized economy and policy reals. They are also generating a lot of questions, not the least of which concern natural monopoly and anti-trust, since in some cases the platform is becoming the market.The Enlightened EconomistThinking strategically about platformsDiane Coyle | freelance economist and a former advisor to the UK Treasury. She is a...
Read More »The Austrian Theory of Money — Murray N. Rothbard
The Austrian theory of money virtually begins and ends with Ludwig von Mises's monumental Theory of Money and Credit, published in 1912.1 Mises's fundamental accomplishment was to take the theory of marginal utility, built up by Austrian economists and other marginalists as the explanation for consumer demand and market price, and apply it to the demand for and the value, or the price, of money. No longer did the theory of money need to be separated from the general economic theory of...
Read More »Is Japan a “model” for modern monetary theory? — Shuji Noguchi
Neutral to slightly positive for MMT. NKH News (Japan)Is Japan a "model" for modern monetary theory?Shuji Noguchi | Senior Correspondent, NHK General Bureau for America
Read More »New chapter on Euro Treasury and Job Guarantee — Dirk Ehnts
Together with Esteban Cruz and Pavlina Tcherneva I have written a chapter in a book on the Eurozone. It has been published by Revista Economica and is available for download here (PDF). This is the abstract…. econoblog 101New chapter on Euro Treasury and Job GuaranteeDirk Ehnts | Lecturer at Bard College Berlin, research assistant at the Technical University of Chemnitz, and spokesperson of the board of Pufendorf-Gesellschaft eV in Berlin
Read More »Bill Mitchell — Reliance on monetary policy is mindless, ideological nonsense
It is Wednesday and so a less intensive blog post. Note how I no longer claim it will be shorter. The less intensive claim refers to how much research I have to put in to write the post. Apart from some beautiful music, the topic for today is yesterday’s RBA decision to cut interest rates to record low levels. The decision won’t save the economy from recession and highlights the sort of desperation that central bankers now face as governments shunt the responsibility of counterstabilisation...
Read More »Wall Street Journal’s “geniuses” contemplate recession.
They left out the biggest factor and I knew they wouldd.
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