Naked Keynesianism

[embedded content] The webinar on Policies for Prosperity organized by LP Rochon, and with Tom Ferguson, Mario Seccareccia, and Anna Maria Variato. There was some glitchy at the beginning and Tom's talk was not recorded. Mine starts in minute 29.

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...

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...

ROKE sponsored event soon. It will be live-streamed too.

With Tom Ferguson, Mario Seccareccia, and Anna-Maria Variato, organized by L-P. Rochon. Next Monday on a computer near you.

The whole program here. In Spanish. The opening table with Martín Abeles and I, Monday, July 27th at 10am (Buenos Aires time; 9am, EST). Instructors include: Pablo Bortz, Ariel Dvoskin, Germanics Feldman, Manuel Gonzalo, Roberto Lampa, Pablo Lavarello, Andrés Lazzarini, Marga Olivera, Veronica Robert, Sebastián Valdecantos, and Nicolás Zeolla. It's a great opportunity!

For those interested in the Argentinean economy, and that can understand Portuguese, I'm teaching a virtual course on the Rise and Fall of Argentina with my friend Paulo Gala. Some teasers are available here. Below the first class. [embedded content] Btw, my suggestion is that basically there's no fall, if the economy never rose in the first place.

Following my talk on the same topic, on the same venue, now someone that might know a bit more about what's going on, particularly in Brazil. Professor Mazat will talk this Friday, and I highly recommend it. To register go here. Btw, Numa is Professor of Development Economics in the Institute of Economics at Federal University of Rio de Janeiro, my alma matter.

An Argentinean default is neither new, nor a surprise, perhaps, even for a casual observer of the ups and downs of international bond markets. One may want to follow Oscar Wilde’s Victorian governess advice and omit the chapter on the fall of the peso as being ‘too sensational.’ But an Argentinean default now, after the Great Shutdown provoked by the coronavirus pandemic, would be the harbinger of a generalized sovereign debt crisis for emerging markets that would engulf the global economy,...

[embedded content] My interview on Led.fm with María Iglesia and Cecília Camarano for the program Reperfiladas (in Spanish, obviously) on the Argentinean debt restructuring.