Tag Archives: paul krugman

We have been needing more people, people of some importance, to say something about the economy besides how bad it is. Mind you, no matter how good the recovery is; the negatives will still flow from the other side of the room. If you have been reading New Deal democrat’s commentary at Angry Bear each day, you already have a pretty good idea of where we will land. NDd: “Real retails sales stopped deteriorating YoY last spring, and have been more...

PPI and CPI preview: why Paul Krugman’s “Goldilocks” economy is likely to prove “transitory” – by New Deal democrat Sorry for the lack of posting yesterday. Every now and then, real life intrudes and, well, yesterday was one of those days. All of the economic data this week is going to be crammed into tomorrow through Friday.  Most importantly for present purposes, I am very interested in dissecting both the producer and consumer price...

[embedded content]Paul Krugman's Godley-Tobin LectureIngrid Harvold Kvangraven on Samir Amin and Beyond Eurocentrism. Rebecca Hasdell's What We Know About Universal Basic Income: A Cross-Synthesis of Reviews. Jacobo Ferrer-Hernández and Luis Daniel Torres-González have the latest working paper from the Centro Sraffa.

This comes by way of New Deal Democrat who was doing some research and ran across a not so recent Krugman article via the late Economist’s View blog. Krugman’s prescient words of things to come? Hat tip to New Deal democrat and a thank you for sending this to me. “The Great Illusion” Paul Krugman, Commentary, NY Times So far, the international economic consequences of the war in the Caucasus have been fairly minor, despite Georgia’s role...

To the common reader, the distinctions among old Keynesianism, new Keynesian, and Post Keynesianism might seem confusing. You might find these are political doctrines, with broad agreement among their followers. Governments should run deficits in periods of sustained unemployment. Maybe sometimes fiscal policy should be more emphasized over monetary policy. After all central banks cannot stimulate the economy by lowering interest rate when it is zero. In an inflationary period, central...

Politics and the Pandemic: Why I Think Paul Krugman Is Wrong  Krugman has a piece in the New York Times today that offers an explanation for why Republicans oppose every measure—vaccination, masking, limits on indoor gathering—that could reverse the pandemic.  He says it’s because the Democrats support them and that Biden would take credit for reduced caseloads, hospitalizations and deaths.  Since owning the libs is the guiding philosophy of...

Zach Carter has an appreciation of Joan Robinson's work on imperfect competition, with a bit about the role of Cambridge circus in helping Keynes write the General Theory. Paul Krugman, gatekeeper, reacts: "Nice appreciaton of Joan Robinson, although no mention of her later role. Sad to say, as a student I mainly encountered her through the 'Cambridge capital controversy', a huge intellectual muddle. Somehow Robinson and others managed to convince themselves that the moral legitimancy of...

One of Keynes’s central tenets — in clear contradistinction to the beliefs of mainstream economists — is that there is no strong automatic tendency for economies to move toward full employment levels in monetary economies. Money doesn’t matter in mainstream macroeconomic models. That’s true. But in the real world in which we happen to live, money does certainly matter. Money is not neutral and money matters in both the short run and the long run.... "New Keynesianism" isn't Keynesian. It...

This sets the tone in Michigan as the richest Republican controlled County of Livingston continues its attack on women along with the State of Michigan House and Senate using a petition to pass a veto-proof law limiting abortion without putting it forward on a ballot initiative. A tyranny of a minority imposing its will upon others. “By Trump-era standards, Ebenezer Scrooge was a nice guy. It’s common, especially around this time of year, to describe...

David Graeber's review of Robert Skidelsky's Money and Government: The past and Future of Government. A TED talk, by Nick Hanauer, on how complexity economics is replacing "neoliberal" economics. He is especially interested in reciprocity. A 2014 interview by Bill Moyers, of Paul Krugman, on Piketty's book. Mariana Mazzucato, with a talk on the value of everything. She also has a 2013 TED talk. Heinz Kurz on the Cambridge capital controversy. Bertram Schefold on the CCC and his recent...