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15th Forum of the World Association for Political Economy (WAPE) ‘Rethinking Economic Analysis: The Perspective of Political Economy’ 18-19 December 2021, Shanghai International Studies University, China Co-organised by: World Association of Political Economy (WAPE)Greek Association of Political Economy (GAPE)Hosted by: Shanghai International Studies University The 15th annual Forum of the World Association for Political Economy (WAPE) will be held on 18-19 December...

Πολιτική εκδήλωση/ συζήτηση:«Όλα αλλάζουν και όλα τα ίδια μένουν; Κριτικές προσεγγίσεις πάνω στον επιχειρηματικό χαρακτήρα του πανεπιστημίου σήμερα» Εισηγήσεις:Σταύρος Μαυρουδέας, καθηγητής στο τμήμα Κοινωνικής Πολιτικής του Παντείου Πανεπιστημίου Univector – αυθόρμητο συμβούλιο για την κριτική του πανεπιστημίου Η εκδήλωση θα διεξαχθεί την Παρασκευή 17/12/2021 στις 6μμ, στην αίθουσα 102, στο Πάντειο Θα τηρηθούν μέτρα συλλογικής αυτο-προστασίας...

In my first post on Labor’s $10 billion housing fund, I pointed out that the $10 billion number is misleading.  The key idea is to borrow $10 billion at the low rate of interest payable on government debt, invest it in higher-yielding assets and use the profits (maybe $400 million a year, based on historical average returns) to finance social housing. The same model has been used by the LNP government to set up funds for a variety of purposes. There’s a total of $50 billion across five...

Inflation in the Euro Area is high and erodes the purchasing power of many (but not all) incomes. Bad. But it will be transitory. And there is no indication of endogenous macro-economic instability. Why do I think this? I’ll first discuss the (largely) transitory nature of the present price increases, macro (in)stability comes next. Graph 1 shows two metrics of inflation. The first is based on the ‘normal’ consumer price index, but this time without energy and without...

from Dean Baker I’m not worried at this point about a deflationary spiral, but I see what, to my view, is a plausible scenario where the CPI actually goes negative in the next twelve months. I go through the categories and my predictions component by component below, but there are four main items driving the story that I’ll mention here. First, I assume a sharp reversal in new and used car prices. The 11.1 percent increase in the former and 31.4 percent increase in the latter, have added...

I stumbled upon this article riding home yesterday. It is a pod cast called: On the Media. I catch it at times on my local NPR. Some very intriguing discussions are presented. This one is very timely considering the great dropout in the work force. Or, “resignation” as it is being called. It caught my attention because of what just might be a new interest in unions? Take this Job and Shove It: The article is about 1 hour long. It looks...

 by New Deal democrat Weekly Indicators for December 6 – 10 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. While stock prices made a new record yesterday, the more significant change this week was that Omicron most likely has already put a dent in peoples’ dining plans, as restaurant reservations declined significantly. Also, the weekly measure of consumer spending continues to be strong, even though real wages...

Following my <i>cri de coeur</i> about the limited scope for progressive analysis now that Labor has adopted almost the whole of the LNP economic program, I got a number of useful suggestions, one of which was a detailed analysis of Labor’s most prominent spending initiative, the $10 billion social housing fund. This idea raises a lot of issues, so I’m going to tackle it a bit at a time First up, is $10 billion a lot, or a little. There was a time when programs like this...