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Naked Keynesianism

60 Years of Sraffa’s Production of Commodities by Means of Commodities/ROKE Webinar

Tomorrow we will talk about this book that is the Rosetta Stone of the history of economic ideas (read post 6 below for more on that). I'm happy to have a great panel to discuss it. In the meantime below 7 previous posts on Sraffa's contributions to economics, which might be helpful for some.Sraffa and the Marshallian System Sraffa, Marx and the Labor Theory of Value (LTV) Sraffa, Ricardo and Marx The Standard Commodity and the LTV The Capital Debates Microfoundations of Macroeconomics...

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Power and dominance in the Colonial and Post-colonial times

By Sunanda Sen (guest blogger)The recent uprising and protests, in a large number of the White-settled countries in connection with the murder of an unarmed Black-American, George Floyd by a White policeman on duty in Minneapolis has re-opened pages of history relating to unequal power , with state- sanction of White supremacy over ‘others’ having a subordinate status. As history unfolds it, the over-powered included the slaves acquired from Africa, the indentured labour shipped from...

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Di Bucchianico on Krugman and the Liquidity Trap

New paper on the problems of Krugman and the Liquidity Trap argument (some will be able to download if for free, and I recommend this version; however, there is a previous working paper linked at the bottom for those unable to open).From the abstract: Krugman’s ‘liquidity trap’ model constituted a ground-breaking contribution by attributing the long-lasting Japanese stagnation to a negative natural interest rate. Our critique to such a proposal will focus on three aspects. First, we will...

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