Naked Keynesianism

Tomorrow at 3pm (EST) a frank and informal talk about heterodox economics, my personal trajectory in the profession and discussions about political economy in Latin America with some young scholars from the YSI initiative. Join here.

[embedded content] My talk at the Universidad Centroamericana José Simeón Cañas (UCA), El Salvador 20/10/2020. On capital controls and development and in Spanish, of course.

Thursday at 9am EST, a roundtable on the "New Failed States" with Antonio Andreoni, Nelson Barbosa, Fiona Tregenna and yours truly. For an old post on the topic go here.

[embedded content] Instead of videos a series of podcasts on the history of political economy, and its relation to economic policy in the United States. This is based on a course I teach for undergraduates.

One of my favorite economists, and John Maynard Keynes too. Don't miss this lecture, in Spanish of course, on one of the central economists of the 20th century and its relevance for the periphery, particularly during the current pandemic. I'll post links to the Zoom and Facebook stream soon.

[embedded content] My talk with Luis Nassif (in Portuguese) about neoliberalism in Latin America. We didn't really get to discuss the current cases of Argentina, Bolivia, and Chile, but talked about it more generally.

David Fields (Guest blogger)Rising housing costs and stagnating real wages are the primary causes of worsening housing affordability in Utah. The dismal wage growth is the result of a larger nationwide upward redistribution of wealth and income, which can be attributed to the following: a failure to adhere to full employment objectives; fiscal austerity; and various labor market policies and business practices allowing the higher social strata of a professional class to capture ever larger...

In the new issue of the Review of Keynesian Economics. From the abstract:The essential claim of Modern Money Theory (MMT) is sovereign currency issuing governments, with flexible exchange rates and without foreign currency debt, are financially unconstrained. This paper analyses the macroeconomic arguments behind that claim and shows they are suspect. MMT underestimates the economic costs and exaggerates the capabilities of deficit-financed fiscal policy. Those analytic shortcomings render...

Video of the conference, without the long part before it starts that was on the Review of Keynesian Economics Facebook page.[embedded content] At any rate,the three presentations by professors Serrano, Palumbo and Nell.

 Jessica Finnamore (Guest blogger)Heterodox economics refers to any school of thought which is not accepted by the economic mainstream, or neoclassical economics. Post-Keynesian economics is a heterodox school of thought which believes (amongst other things) in high levels of government intervention, fundamental uncertainty, and that the economy is demand-driven rather than supply-constrained (as neoclassical economics says). Keynes himself was concerned with creating theories which were...