Socialdem. 21st Century

Steve Keen discusses the economics of the Austrian school in this critique:[embedded content]For a full list of my posts refuting Austrian economics, see here:Debunking Austrian Economics 101 (Updated)

… that most Amerindians died from Old World diseases to which they had little or no natural immunity, not because of some deliberate, pre-planned genocide by Europeans.The dying out of millions of Amerindians was a horrible and terrible event to be sure, but the Left’s narrative on this is full of lies and fraud.I repeat here some excellent analysis of why and how so many Amerindians died after the European discovery of the Americas.We know that the Native Americans faced a severe group...

Years ago, the Dalai Lama gave this hateful interview to the Guardian:Julian Borger, “Tibet could be ‘Swamped’ by Mass Chinese Settlement after Olympics, says Dalai Lama,” The Guardian, 24 May 2008.During his interview, the Dalai Lama revealed his bigotry and complained that “Beijing was planning the mass settlement of 1 million ethnic Chinese people in Tibet after the Olympics with the aim of diluting Tibetan culture and identity,” and, if that happened, that Tibet would be transformed into...

Steve Keen on how austerity works at the micro (or individual) level as opposed to the macroeconomic level:[embedded content]

Some of the evidence I reviewed in this post on the origin of electrum coinage was from a conference called “White Gold: Revealing the World’s Earliest Coins,” held from 25–26th June, 2012 (International Congress at Israel Museum, Jerusalem).The edited proceedings of this conference will be published as White Gold: Studies in Early Electrum Coinage (edited by Peter Van Alfen and Ute Wartenberg), but the talks are available in these videos:(1) White Gold, International Congress, The Israel...

This is part 2 of my response to George Selgin’s post here:George Selgin, “‘Lord Keynes’ contra White on the Beginnings of Coinage,” Alt-M Ideas for an Alternative Monetary Future, August 30, 2017.Selgin refers to various new data from the past 20 years or so, and much of the new evidence was presented at a conference called “White Gold: Revealing the World’s Earliest Coins,” held from 25–26th June, 2012 (International Congress at Israel Museum, Jerusalem).Wartenberg (2017), for instance,...

In the last post here, I gave a large sample of 48 published works in modern scholarship on the question of the origins of electrum coinage.I took a sample of late 20th and early 21st century general and specialist ancient historians, numismatists and other relevant scholars. Professor Selgin points out here that I included some MMT economists in Group 1, but I could have included some free bankers or other libertarian scholars in Group 3.This is easy to do.Once again, I take “majority” to...

George Selgin replies to my post here in the following critique:George Selgin, “‘Lord Keynes’ contra White on the Beginnings of Coinage,” Alt-M Ideas for an Alternative Monetary Future, August 30, 2017.You can follow the complete debate in these posts as follows: Larry White, “Why the ‘State Theory of Money’ doesn’t explain the Coinage of Precious Metals,” Alt-M Ideas for an Alternative Monetary Future, August 24, 2017.“Larry White on the Origins of Coined Money: A Critique,” August 26,...

The free banker Larry White has a recent post here on the origins of coined money:Larry White, “Why the ‘State Theory of Money’ doesn’t explain the Coinage of Precious Metals,” Alt-M Ideas for an Alternative Monetary Future, August 24, 2017.White is essentially talking about the origins of coined money in ancient Lydia and Greece.First of all, there are some points in White’s article that may be freely acknowledged as correct, as follows:(1) Chartalism does not have a universal theory of the...

James Keir Hardie (15 August 1856–26 September 1915) was the founder of the British Labour Party (which was founded on 27 February, 1900), its first leader, and its first Member of Parliament.In 1899, James Keir Hardie appeared before the UK House of Commons Select Committee on emigration and immigration. He – as a leading socialist of Britain – gave his opinion on mass immigration into Scotland:“James Keir Hardie, Secretary to the Ayrshire Miners’ Union and to the Scottish Parliamentary...