Tag Archives: Political Economy

Thomas Palley, Louis-Philippe Rochon, Guillaume Vallet , Review of Keynesian Economics, April 2019. The Great Recession (2008/9) triggered by the financial crisis of 2008 has had considerable impact on the conduct of monetary policy. Before the recession, monetary policy was largely based on a New Consensus-type macroeconomic model and it targeted inflation via a Taylor […]

There is no substitute for the ‘big picture’. Economists should not be doctors but social scientists, or more accurately they should develop an economics that recognises the wider social forces that drive economic models, in particular, the social mode of production that is capitalism. That is political economy, mostly not taught in universities and certainly not practised in international agencies.... Michael Roberts Blog — blogging from a marxist economistEconomics as a social...

Bill's 4 part series on Japan.Bill Mitchell – billy blogQ&A Japan style – Part 1Q&A Japan style – Part 2Q&A Japan style – Part 3Some reflections on my time in Japan while I am too busy to writeQ&A Japan style – Part 4 Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

This is a good analysis of the political economy of capitalism in general and as it applies specifically to the UK now. The links are important in developing the nuance.Stumbling and MumblingShoring up capitalismChris Dillow | Investors Chronicle

As I type this (Sunday), I am heading to Brighton, England from Edinburgh. We had two sessions in Edinburgh yesterday (Saturday) and it was great to share ideas with some really committed people. We had to dodge a Hollywood closure of the streets (‘Fast and Furious 9 had commandeered the inner city to film a car or two swerving out of control or whatever, and I hope the city received heaps for the inconvenience to its citizens. But, with the direction now south, and tomorrow’s two events...

I have been invited by the ISEPA’19 conference (organised by the Dicle University) to speak atheir conference. Since I could not make it due to other obligations I was asked for a video lecture. Its subject is ‘Economic Crisis and the crisis of Economics: Political Economy as a realistic and credible alternative’ Nikos Zappas did an excellent job in recording and editing the video. The link for watching the video is below: [embedded content] The abstract of the lecture is the...

Piketty coins a new term, the "Brahmin left."The Case for Concerted ActionThomas Piketty’s New BookV. Ramanan

The case for central bank independence is built on an intellectual two-step. Step one argues there is a problem of inflation prone government. Step two argues independence is the solution to that problem. This paper challenges that case and shows it is based on false politics and economics. The paper argues central bank independence is […]

After seven years of economic research and developing forecasting models that have outperformed the experts, author, blogger, and physicist Dr. Jason Smith offers his controversial insights about the major driving factors behind the economy derived from the data and it's not economics — it's social changes. These social changes are behind the questions of who gets to work, how those workers organize, and how workers identify politically — and it is through labor markets that these social...

Robert Heilbroner hits it out of the park in this short article, originally a speech. It's a fun read, too.Grasping RealityRobert Heilbroner (1996): The Embarrassment of Economics: Weekend ReadingBrad DeLong | Professor of Economics, UCAL Berkeley