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from Lars Syll After having mastered all the technicalities of regression analysis and econometrics, students often feel as though they are masters of the universe. I usually cool them down with the required reading of Christopher Achen’s modern classic Interpreting and Using Regression. It usually gets​ them back on track again, and they understand that no increase in methodological sophistication … alter the fundamental nature of the subject. It remains a wondrous mixture of rigorous...

RJS, Focus on Fracking Summary: Strategic Petroleum Reserve at a 20 year low, US oil supplies at a 14 year low after record jump in exports; distillates supplies at a 14 year low, total oil + products inventories at an 8 year low; a total oil + products exports at a record high The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending April 15th indicated that...

From Gallipoli to Ukraine The latest at my Blogstack, over the fold Seemingly out of nowhere, imperialist war has returned to Europe, with the Russian invasion of Ukraine. Vladimir Putin is seeking to recreate the Russian empire, claiming that Ukraine is a historical fiction created by the Bolsheviks, after the 1917 Revolution. In this and many other respects, the current war is a continuation of the catastrophic Great War that began in 1914. Anzac Day is a commemoration...

Το Εργαστήριο Κοινωνικής Πολιτικής (ΕΚοιΠ) του Τμήματος Κοινωνικής Πολιτικής του Παντείου Πανεπιστημίου διοργάνωσε στις 7/4/2022) μία εξαιρετικά επιτυχημένη εκδήλωση με θέμα «Κοινωνική Πολιτική, Πανδημία και Δημοκρατία» με αφορμή την έκδοση του συλλογικού τόμου με τίτλο «Κοινωνική Πολιτική, Αυταρχικός Νεοφιλελευθερισμός και Πανδημία». Την εκδήλωση συντόνισε η Δέσποινα Παπαδοπούλου (Καθηγήτρια, Πρόεδρος Τμήματος Κοινωνικής Πολιτικής) και χαιρέτισε ο Σταύρος Μαυρουδέας (Καθηγητής,...

Γράφτηκε από τον Π.Ε.Ν.Ε.Ν. Μαζική ήταν η συμμετοχή του πληρώματος όλων των επιστασιών στο πλοίο «ΕΛΥΡΟΣ» στην εκδήλωση που πραγματοποίησε η Διοίκηση της ΠΕΝΕΝ στις 20/4/2022 με θέμα Εργατική Πρωτομαγιά – Ακρίβεια και Ρωσο-Ουκρανικός πόλεμος. Στην παρέμβασή του ο Πρόεδρος της ΠΕΝΕΝ έκανε αναφορά στο ιστορικό της Εργατικής Πρωτομαγιάς, στον χαρακτήρα και το περιεχόμενό της ως μιας μέρας με τεράστια σημασία για τους εργαζόμενους. Σημείωσε την ηρωϊκή εξέγερση των εργατών στο...

download the whole issue What Caused Russia to Invade Ukraine?David Lane Economic Implications of MOOCs in Higher Education: An Indian perspective Binay Kumar Pathak An interview with Andrea Terzi on the current situation in the euro zone and Italy in particularMitja Stefancic Rethinking economics: an interview with Sam de Muijnck and Joris TielemanMitja Stefancic Please click here to support the World Economics Association

from WEA Pedagogy Blog The 1932 science fiction novel Brave New World portrays a dystopian future where history is rewritten and words are redefined in order to make undesirable ideas “unthinkable.”footnote 1 The book is often associated with George Orwell’s 1984, where those who do anything undesired by those in power are made into an “unperson,” with all evidence of their history destroyed. When anyone speaks the unthinkable, they are simply defined out of existence. More generally,...

from Lars Syll MMT is, first and foremost, a balance sheet approach to macroeconomics. At its very core lie reserve accounting, then deposit accounting, and then sectoral balances accounting. There is very little behaviour in any of this. Equilibrium rules as all balances balance – in both flows and stocks – and there are no assumptions apart from the existence of a central bank, a Treasury, a banking system and some households and firms. MMT can only be learned by mastering its balance...

from C. P. Chandrasekhar and Jayati Ghosh The latest IPCC report makes it clear: the planet is now dangerously close to a tipping point and reliance on fossil fuels has to be drastically curtailed and even fully eliminated soon, to avoid catastrophic climate changes. Obviously, this urgent call fell on deaf ears where it matters. It didn’t take long, or even very much, for world leaders—especially those who should really know better and have the means to do otherwise—to renege on their...