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A funny thing happened in the culture wars the other day. After taking steadily more extreme anti-vaccination positions over many months, leading rightwing commentators and Republican politicanss suddenly jumped ship, announcing that everyone should be vaccinated as soon as possible. It would be encouraging to imagine that this shift was the result of a recognition of the surge in cases and deaths among the (predominantly Republican) unvaccinated population, and of the dangers posed...

ΣΥΝΕΝΤΕΥΞΗ ΜΕ ΤΟΝ ΣΤΑΥΡΟ ΜΑΥΡΟΥΔΕΑ ΓΙΑ ΤΗΝ ΠΑΝΔΗΜΙΑ ΚΑΙ ΤΙΣ ΣΥΝΕΠΕΙΕΣ ΤΗΣ ΣΤΗΝ ΟΙΚΟΝΟΜΙΑ ΚΑΙ ΤΗΝ ΕΡΓΑΣΙΑ – Bollettino Culturale Ο ιταλικός ιστότοπος Bollettino Culturale φιλοξένησε την ακόλουθη συνέντευξη με τον Σταύρο Μαυρουδέα σχετικά με την πανδημία COVID-19 και τις συνέπειές της στην οικονομία και την εργασία https://bollettinoculturale.blogspot.com/2021/07/intervista-stavros-mavroudeas-sulla.html?m=1&fbclid=IwAR3zji71ezVNRABTmQbI4k-Uf7MYewhy26pdjmXISxlH2FdhMygmRs 1. Πώς...

Tags: open thread

from Dean Baker In recent days, major fear has been evident in financial markets and elsewhere that the delta variant of the coronavirus will spread widely and be a considerable impediment to continued economic growth: On Monday, the Dow tumbled 700 points, for example. At least based on trends we’ve seen so far, these fears appear to be unfounded. It is highly unlikely that the delta variant will lead to shutdowns of major sectors of the economy, of the sort we saw last spring and...

from Lars Syll How would you react if a renowned physicist, say, ​Richard Feynman, was telling you that sometimes force is proportional to acceleration and at other times it is proportional to acceleration squared? I guess you would be unimpressed. But actually, what most mainstream economists do amounts to the same strange thing when it comes to theory development and model modification. In Dani Rodrik’s Economics Rules — just to take one illustrative example –the proliferation of...

The italian website Bollettino Culturale hosted the following interview with Stavros Mavroudeas on the COVID-19 pandemic and its consequences on the economy and labour https://bollettinoculturale.blogspot.com/2021/07/intervista-stavros-mavroudeas-sulla.html?m=1&fbclid=IwAR3zji71ezVNRABTmQbI4k-Uf7MYewhy26pdjmXISxlH2FdhMygmRswj_qs 1. How do you judge the management of the pandemic in the European Union? I have argued elsewhere...

https://bollettinoculturale.blogspot.com/2021/07/intervista-stavros-mavroudeas-sulla.html   Sabato 24 luglio 2021 INTERVISTA A STAVROS MAVROUDEAS SULLA PANDEMIA E LE SUE CONSEGUENZE SULL’ECONOMIA E IL LAVORO Stavros Mavroudeas, economista marxista greco che insegna alla Panteion University of Social and Political Sciences di Atene, discute con noi della pandemia e delle sue conseguezne sull’economia europea e greca. 1. Come giudichi la gestione della pandemia in...

 by New Deal democrat Weekly Indicators for July 19 – 23 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. No visible impact on the economy yet due to the Delta wave. In March 2020, the first indicator to tip over was restaurant reservations. I would expect that to be the first item to suffer now as well. As usual, clicking over and reading will not only bring you up to the virtual moment, but bring me a penny or two...

Tags: open thread

Covid dip, recovery, and now a decline: Covid dip, recovery, and now sideways at levels of some 25 years ago when there were a lot fewer people: Through June,Saudis caused the big dip and recovery, then attempted to stabilize.The most recent Reuters report suggested price increases vs benchmarks,which is a move to firm prices over time: