Looks as if just before the yachting season BoE economists have allowed themselves another peek beyond the pale of the classic Savings&Loans specs: ... "No existing studies that address the comovement puzzle account for the empirical movements in bank equity and credit spreads (see eg DiCecio (2009); Sterk (2010); Carlstrom and Fuerst (2009); Katayama and Kim (2013); Di Pace … Continue reading BoE nudging mainstreamers toward re-discovery of credit channel ?
"Geolibertarian experimental monetary realist" Tuure Parkkinen's root bug economics represents an audaciously original "PraxisTheorie" of the type only an institutional outsider would dare come up with.
DSGE Departures In one of its daring trips beyond the walls of orthodoxy The Economist is indulging in a historic turn, reflecting that "Strangely, most economic models do not treat the economy as an evolving thing, undergoing constant change. They instead describe it in terms of its equilibrium: a stable state in which prices balance … Continue reading What happens when The Economist tries to escape from the Equilibrium Academy
endorsements A way to understanding an alternative future. – Juliet Schor, Sociology, Boston College A book of dazzling breadth, provocative and persuasive scholarship. – Sylvia Marcos, Mexican feminist activist and scholar For too long the North has imposed its one-size-fits-all agenda on the South. – Dan O’Neill, economist, University of Leeds This Dictionary … Continue reading diversity 101 = pluriverse
Post-Keynesian Economics : An Introduction - Eckhard Hein 2014 read GM pdf here e3me.com 7-2021 Back to our roots: E3ME and Michał Kalecki - Hector Pollitt https://neweconomicthinking.org.uk/ concertedaction.com/ The Case For Concerted Action Post-Keynesian Ideas For A Crisis That Conventional Remedies Cannot Resolve Post - Keynesians Joan RobinsonNicholas KaldorWynne GodleyMarc LavoieFrancis CrippsAnthony ThirlwallJohn McCombieThomas PalleyLouis-Philippe … Continue reading Post Keynesians
see also growth1what growth? - gdp update below "It's time to retire metrics like GDP." writes Joseph Stiglitz in The Guardian. "The way we assess economic performance and social progress is fundamentally wrong, and the climate crisis has brought these concerns to the fore." Indeed. Always nice to hear the reforming voices. Apparently another revised … Continue reading Stiglitz wants GDP retired
"If you are looking for intent AND stupidity, look at governments" World Citizen on Mishtalk. I call this this post QE3 because it turns out to be my third one on this topic. "End of (His)story" was the first. Not that I realised. I was just poking fun at all the defunct economics (1) implict … Continue reading QE3 : The Board Members’ Memo
Ten years after the 2008 crisis I came across an old Guardian article : Queen finally finds out why no one saw the financial crisis coming Her Majesty gets the answer to her question – four years after she asked it – on a tour of the Bank of England One doesn't normally keep the … Continue reading The Queen, Seventeen, Halloween…
