In the context of history, the primary factors that shaped Western civilization are Judaeo-Christian religion, Greek thought, Roman organization and law, and modern science. The primary factors that shaped Chinese civilization are Taoism, Confucianism, and Buddhism, with Marxism-Leninism being a blip on the screen. This is revealed in the differences in response to crisis. Asia TimesConfucius is winning the Covid-19 war Pepe Escobar
Read More »Suppression is Working, R is Declining — Alex Tabarrok
The reproduction factor is declining. We need to push it below 1 for the virus to start to fade away and then we can move to safety protocols and mass testing. The problem is that without mass testing, R remains uncertain or "Bayesian." The results so far are "estimates" that will be revised as testing progresses. Marginal Revolution Suppression is Working, R is Declining Alex Tabarrok | Bartley J. Madden Chair in Economics at the Mercatus Center and Professor of Economics at George...
Read More »The Use and Abuse of MMT — Michael Hudson, with Dirk Bezemer, Steve Keen and T.Sabri Öncü
Using government spending power to bail out financiers and rentiers makes a travesty of MMT.... Naked CapitalismThe Use and Abuse of MMTMichael Hudson, research professor of Economics at University of Missouri, Kansas City, and a research associate at the Levy Economics Institute of Bard College, with Dirk Bezemer, Professor of Economics at the University of Groningen in The Netherlands, Steve Keen, Professor and Distinguished Research Fellow at the Institute for Strategy, Resilience and...
Read More »If You Still Don’t Understand How China Succeeded Stopping the Virus, — Mario Cavolo
Lockdown.Bill Totten's WeblogIf You Still Don’t Understand How China Succeeded Stopping the Virus, Mario Cavolo, Shenyanghttps://www.linkedin.com (April 04 2020)See alsoWho knew when?Econobrowser And Here It Comes: There’s an early January PDB on the Novel CoronavirusMenzie Chinn | Professor of Public Affairs and Economics, Robert M. La Follette School of Public Affairs, University of Wisconsin–Madison, co-editor of the Journal of International Money and Finance, and a Research Associate...
Read More »The scent of flowers
A few days ago, the vicar of my church helpfully sent me a booklet of daily meditations for Holy Week and a palm cross. Inevitably, coronavirus is a theme, and it seems appropriate: after all, the virus is so named because it resembles a "crown of thorns". The meditation for Palm Sunday highlights Pilate's symbolic washing of his hands, absolving himself of any responsibility for the death of another, and asks how we feel about our own virus-induced hand washing ritual: How do you feel...
Read More »The scent of flowers
A few days ago, the vicar of my church helpfully sent me a booklet of daily meditations for Holy Week and a palm cross. Inevitably, coronavirus is a theme, and it seems appropriate: after all, the virus is so named because it resembles a "crown of thorns". The meditation for Palm Sunday highlights Pilate's symbolic washing of his hands, absolving himself of any responsibility for the death of another, and asks how we feel about our own virus-induced hand washing ritual: How do you feel...
Read More »IPA’s weekly links
Guest post by Jeff Mosenkis of Innovations for Poverty Action Remember to fill out your U.S. Census form if you got a mailing! Of course accurate counts are important for apportioning leadership and federal resources, but more importantly (as someone else pointed out) so that researchers 80 years from now looking at historical trends won’t pull out their hair in frustration of the lost 2020 census data the same way ones today do about the 1890 census data fire. The Dev Impact blog had a pair...
Read More »‘A pandemia de coronavírus e a crise econômica e da saúde’, por Stavros D. Mavroudeas
Following is the Portuguese translation of the article on the economic and health crisis that has been made by the Laboratory of Interdisciplinary Studies of the Law Faculty of the State University of Rio de Janeiro Laboratório de Estudos Interdisciplinares Crítica e Capitalismo, vinculado à Faculdade de Direito e ao Programa de Pós-Graduação em Direito da Universidade do Estado do Rio de Janeiro (UERJ)...
Read More »Economics After The Pandemic (Part I): Fighting The Last War — Brian Romanchuk
My plan was to write a MMT primer in between the publication of Volume I and Volume II of my text on recessions. The manuscript for Recessions: Volume I is still being edited, and I hope to do its final formatting (which will take away from writing time). I am considering pivoting the MMT primer to be a discussion of how MMT fits in with the challenges of the post-pandemic world.... To my way of thinking, the post-pandemic economy and its economics will be determined by the degree to which...
Read More »In the Face of Lockdown, China’s E-Commerce Giants Deliver — Chengyi Lin
Lessons from Alibaba and JD.com. The difference between Jack Ma and Jeff Bezos.Harvard Business ReviewIn the Face of Lockdown, China’s E-Commerce Giants Deliver Chengyi Lin, affiliate professor in strategy at INSEAD in Fontainebleau, France Also at HBR Now is the time for major corporations to make good on their commitments. Coronavirus Is Putting Corporate Social Responsibility to the TestMark R. Kramer How AI, genomics, and automation are powering biotech breakthroughs....Deep Nishar,...
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