Tag Archives: Uncategorized

from  Nikolaos Karagiannis and current issue of RWER “. . . The practical use of the term “neoliberal” exploded in the 1990s, when it became closely associated with two developments. One of these was financial deregulation, which would culminate in the 2008 financial crash and in the still-lingering euro debacle. The second was economic hyper-globalization, which accelerated thanks to free flows of finance and to new, more ambitious types of trade agreements. Financialization and...

The new AB commenting and posting has been up for at least a week now. I would like to hear what “you” the commenters are seeing or experiencing when you comment. Please let us know so we can correct or improve what has been changed. Letting us know what you like is helpful also. Some things I have noticed: The system is slow to get into for posting and commenting.Commenters are ending up in the trash bin where I have to go and restore their...

from Lars Syll Causal inferences can be drawn from nonexperimental data. However, no mechanical rules can be laid down for the activity. Since Hume, that is almost a truism. Instead, causal inference seems to require an enormous investment of skill, intelligence, and hard work. Many convergent lines of evidence must be developed. Natural variation needs to be identified and exploited. Data must be collected. Confounders need to be considered. Alternative explanations have to be...

Tags: open thread

Some tentative thoughts, for a chapter I’m writing about the decline of neoliberalism, and the crony capitalism I see as replacing it (unless we can achieve a leftwing alternative) An important difference between Trumpism[1] and neoliberalism (in both hard and soft variants) is that Trumpism is associated with crony capitalism, rather than global corporations and finance. This is obscured to some extent by shared interest in corporate tax cuts and deregulation. But it’s a clear...

Please click here to support this open access journal and the WEAsubscribe to the RWER download whole issue                                                leave comments here Alarm. The evolutionary jump of global political economy needed Hardy Hanappi 2 Neoliberalism must die because it does not serve humanityNikolaos Karagiannis 27 Climate arsonist Xi Jinping: a carbon-neutral China with a 6% growth rate?Richard Smith 32 All the good things a digital euro could do – and all the bad...

That’s the title of my latest piece in The Conversation. Key para Just as much (or more than) the owners of electric vehicles, the owners of conventional vehicles pay a mere fraction of what they should. Increasing what the owners of electric-powered vehicles pay is a second-best solution that might move us further away from first best. Share this:Like this:Like Loading...

As was the case with Economics in Two Lessons, I’ve been struggling with the material for my book-in-progress, The Economic Consequences of the Pandemic. But I’ve now managed to put together a synopsis I can work with. I’d very much appreciate comments, including but not limited to: topics I should be covering; issues raised by the brief summaries; and useful references. Thanks for comments so far, and thanks in advance for more. Share this:Like this:Like Loading...

from Peter Radford There is a new eBook published by the Stigler Center which is an offshoot of the Booth Business School at the University of Chicago.  The publication contains a number of short essays either attacking or defending the infamous pronouncements by Milton Friedman on the role of the corporation.  This year, you may recall, is the 50th anniversary of the newspaper article in which Friedman described his view that the purpose of the corporation is too maximize shareholder...

from Lars Syll How, then, can social scientists best make inferences about causal effects? One option is true experimentation … Random assignment ensures that any differences in outcomes between the groups are due either to chance error or to the causal effect … If the experiment were to be repeated over and over, the groups would not differ, on average, in the values of potential confounders. Thus, the average of the average difference of group outcomes, across these many experiments,...