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The poll “What are the top 10 economics books of the last 100 years?” was open for two weeks and over 3,000 economists voted.  They could vote for up to 10 of the books on the short list of 50 which had been compiled from the nominations submitted by Real-World Economics Review readers.  People on average voted for five books.  Here are the results. Top 10 economics books of the last 100 years 1. (1,597 votes) John Maynard Keynes, General Theory of Employment, Interest and Money (1936)...

From the MBA: The Refinance Index increased 7 percent from the previous week. The seasonally adjusted Purchase Index increased 12 percent from one week earlier. The unadjusted Purchase Index decreased 12 percent compared with the previous week and was 6 percent lower than the same week one year ago. HighlightsPurchase applications for home mortgages rose strongly in the June 3 week and were up 12 percent from the prior week when seasonally adjusted to account for the...

Lower than expected as last month’s higher print reverses. Remember all the hoopla over last month’s number? And how the consumer was finally spending? I suspect you’ll hear nothing about how that’s not the case after all, and note how the chart shows it’s been decelerating since the collapse of oil capex: Consumer Credit Released On 6/7/2016 3:00:00 PM For Apr, 2016 HighlightsApril was a strong month for retail sales but it wasn’t an especially strong one for consumer...

You may vote for ten books.  The 50 nominated books are listed in alphabetical order by author on your ballot below. Take Our Poll

I fluffed my lines on a recent BBC Newsnight  segment on Uber.  As the discussion was wrapping up, I warned that the uberisation of the economy – the ambition to corral the entire cash flow of whole sectors of the global economy into the pockets of a few – is utopian. I said all this in response to Ms Julie Meyer’s assertion that, and I quote (11.23 minutes into the show): The world is being driven by networks…and they’re platforms…That’s the future, we can’t stop that from happening....

from Mother Jones

from Mark Weisbrot The International Monetary Fund (IMF) has gotten some attention in the past week for the publication of an unusual article in its quarterly magazine, Finance and Development. The article’s title, “Neoliberalism: Oversold?” itself is a shocker, since the institution has been the most influential proponent of neoliberalism in the world for more than four decades. It’s kind of like an op-ed from Donald Trump titled, “Insulting Your Opponents: Oversold?” From the authors...

from Maria Alejandra Madi   Technological change has significantly transformed the labour scenario as the result of the diffusion of innovative practices at the micro-level. The technological impact on the future of work was deeply analysed by Jeremy Rifkin. According to him, we are facing a new phase of history – Third Industrial Revolution – that is characterized by the steady and inevitable decline of jobs in the production and marketing of goods and services. Today, the Third...

This went from bad to worse but they don’t seem to pay much attention to it: Labor Market Conditions IndexHighlightsLast week’s employment report was very weak and is reflected in May’s labor market conditions index which came in at minus 4.8 for the fifth straight negative reading and the lowest of the economic cycle, since May 2009. April is revised 2.5 points lower to minus 3.4 which, next to May, is the second lowest of the cycle. These readings point to a fundamental...