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A Choice Of Books

This post is for my use next time I go book shopping. Bellino, Enrico. 2021. Production, Value and Income Distribution: A Classical-Keynesian Approach Butler, Gavan. 2018. Political Economy Now! The Struggle for Alternative Economics at the University of Sydney Cuyvers, Ludo. 2022. Neo-Marxism and Post-Keynesian Economics: From Kalecki to Sraffa and Joan Robinson Pierangelo Garegnani. 2023. Capital Theory, the Surplus Approach, and Effect Demand: An Alternative Framework for the...

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Earnings inequality continuing growth in the pandemic labor market

“Inequality in annual earnings worsens in 2021.” This report is a couple of weeks old. Still relevant and supports what NDd has been saying as well as others here at Angry Bear. This is taken from EPI. Partial read of a larger report. Details from year twenty-one finds annual wages rising the fastest for the top 1% of earners (up 9.4%) and top 0.1% (up 18.5%) Those in the bottom 90% saw their real earnings fall 0.2% between 2020 and 2021. Workers...

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On the use of mathematics in empirical modeling

On the use of mathematics in empirical modeling I have argued that in order for a mathematical modeling exercise to illuminate its target the following two conditions must be met:(1*) the objects under investigation must plausibly be stable, modular, and quantitative, with no qualitative differences among instantiations of each type; and (2*) the relations between them must be fixed and law-like throughout the context under study in the modeling exercise …...

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Weekly Indicators for December 26 – 30

 – by New Deal democrat My Weekly Indicators post is also up at Seeking Alpha. The volatile coincident consumer numbers bounced higher this week, while another recession indicating system flashed red, suggesting a recession is most likely to start during the 2nd Quarter of 2023. As usual, clicking over and reading my commentary at Seeking Alpha will not only bring you up to the virtual moment as to the economy, but it will bring me a little...

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Nous sommes dans le changement

Indeed we are. Tout les mond sommes dans le changement. Change comes sometimes fast, sometimes slow; but always, inexorably. Still and yet, some would deny, attempt to slow down or even stop change. Too few recognize it when they see it. Throughout history, blood has flowed like rivers resultant efforts to slow down or stop change. Our own Civil War, ‘The Great War’, … . Then, they couldn’t, didn’t want to see the changes that were taking place....

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Initial claims close out the year still positive

Initial claims close out the year still positive  – by New Deal democrat This morning we got the final economic news of the year, as initial claims for the week rose 9,000 to 225,000. The 4-week moving average declined 250 to 221,000. Continuing claims rose 41,000 to 1,710,000, a 10-month high: The weekly number was actually 14,000 higher than one year ago, but that is not significant. The 4-week average and the continuing claims numbers...

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