Real-World Economics Review

from Oxfam An age of crisis, causing huge suffering for most of humanity As billionaires, government leaders and corporate executives jet in to meet atop their mountain in Davos, Switzerland, the world faces a dramatic, dangerous and destructive set of simultaneous crises. These are having a terrible impact on the majority of people, something Oxfam sees in its work across the world. In 2022, the World Bank announced that we will fail to meet the goal of ending extreme poverty by 2030,...

from Lars Syll As a young research stipendiate in the U.S. yours truly had the pleasure and privilege of having Hyman Minsky as a teacher. He was a great inspiration at the time. He still is. The concepts which it is usual to ignore or deemphasize in interpreting Keynes — the cyclical perspective, the relations between investment and finance, and uncertainty, are the keys to an understanding of the full significance of his contribution … The glib assumption made by Professor Hicks in his...

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during an engine swap I doctored up my lawnmower to look like a jet powered lawnmower dragster. Neighbors came over to join in the fun with my wife shooting the video while I was standing by with a fire extinguisher

from Dean Baker The economy can have a problem of too much demand, leading to serious inflationary pressures. It can also have a problem of too little demand, leading to slow growth and unemployment. But can it have both at the same time? Apparently, the leading lights in economic policy circles seem to think so. As I noted a few days ago, back in the 1990s and 00s economists were almost universally warning of the bad effects of an aging population. The issue was that we would have too...

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Mobile Fidelity Bill Withers' Greatest Hits Scene from Notting Hill associated with this song!