Heterodox
by Joseph Joyce 2020 “Globie”: The Carry Trade It is time to announce the recipient of this year’s “Globie”, i.e., the Globalization Book of the Year. The award gives me a chance to draw attention to a book that is particularly insightful about some aspect of globalization. This year’s winner is The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis by Tim Lee, Jamie...
Read More »Comment on Miguel Ramirez’s paper, ‘Credit, Indebtedness and Speculation in Marx’s Political Economy’ – ECONOMIC THOUGHT
The new issue of the journal ECONOMIC THOUGHT (Vol 8, No 2, 2019) has just been published. In this issue I have contributed a comment on Miguel Ramirez’s paper, ‘Credit, Indebtedness and Speculation in Marx’s Political Economy’. The issue contains of course the paper by M.Ramirez as well as his reply to my comments. The whole table of contents of the issue is the following: Vol 8, No 2, 2019 Table of contents Hierarchical Inconsistencies: A Critical Assessment of Justification Juozas...
Read More »Brad DeLong — THE MUST-READ OF MUST-READS on the links between behavioral finance and macro
THE MUST-READ OF MUST-READS on the links between behavioral finance and macro: John Maynard Keynes (1936): The State of Long-Term Expectation: The General Theory of Employment, Interest and Money: Chapter 12: "If I may be allowed to appropriate the term _speculation for the activity of forecasting the psychology of the market, and the term enterprise for the activity of forecasting the prospective yield of assets over their whole life, it is by no means always the case that speculation...
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