> Macro, GDP, UK, Germany, Trade, Saving, Debt, Balances source: https://www.quora.com/Why-does-Germany-today-have-a-larger-economy-than-the-United-Kingdom Marty Karaffa an American/Australian who has lived in Munich since 2007 Updated Why does Germany today have a larger economy than the United Kingdom? There are lots of reasons. The first is the most obvious. But all are significant. Germany has more people. 83 million vs … Continue reading Why-does-Germany-today-have-a-larger-economy-than-the-United-Kingdom – Marty Karaffa – 2022
Milton Friedman’s Interest Rate Fallacy
strange positive correlation between borrowing volumes and interest rate levels? - uncreditworthy businesses are altogether excluded from global debt markets...
Extra Muros Heteros : Tuure Parkkinen’s Root Bug Macro
"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.
What happens when The Economist tries to escape from the Equilibrium Academy
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
Karlsruhe – what next?
verfassungsblog.de 27/4/2021 A Relieving Decision by Hanno Kube With its interim decision of 15 April 2021, the German Federal Constitutional Court has paved the way for ratification of the 2020 Own Resources Decision by the German side. The speculation that the temporary order issued on 26 March 2021 against the German President – … Continue reading Karlsruhe – what next?
Confirmed: QE feeds Matthew Effect
Breaking Old News - QE really does feed Matthew effect! Following bankers' earlier observations we now have official mainstream confirmation that "softer monetary policy increases inequality." Not just in the US. A fresh study by A.L. Anderson etal provides "... new evidence on the distributional effects of monetary policy based on detailed administrative household-level data. The … Continue reading Confirmed: QE feeds Matthew Effect
J M Keynes
Not reading 'Das Kapital' also see > POST KEYNESIANS JM Keynesupdates wanderingdanny.com/oxford/2011/10/keynes-on-marx-and-das-kapital/ cf Keynes to Shaw about Marx, J Robinson : Keynes ignorant about Marx nb Victoria Chick : Keynes was about overcoming "neutrality" of money. In letter to B Shaw Keynes refers to economics as production of money... nb Victoria Chick : Keynes was … Continue reading J M Keynes
featured selected - updates below GM posts/pages on inequality 5-2022 (IN)EQUALITY now(ish) 4-2022 Inequality – The Long View 3/2021 Fed's QE feeds Matthew Effect 6/2020 The Unequal Mr Picketty 4/2020 Covid : Billionaires Chip In A Trillion gg page Branco Milanovic Inequality see also theguardian.com/inequality inequality.org/ The Journal of Economic Inequality gg/caw 4-2022 Inequality represents the … Continue reading INEQUALITY
Mariana Mazzucato on a Mission
Mariana Mazzucato updates - “Mission Economy”, "The Big Con" - articles, interviews, reviews , videos - auch auf deutsch
GROWTH! What Growth?
GROWTH! What Growth? intro/featured/selected – updates here - +here Alf Hornborg writes in his article “How to turn an ocean liner”: “Although soon reduced to a heterodox and marginalized position, the critique of growth has continued to challenge mainstream dogmas of economics and policy for over four decades. Countless debates have raged on what exactly is the problem … Continue reading GROWTH! What Growth?
QE3 : The Board Members’ Memo
"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
The Economsit's Buttonwood mentions David Orrell! Mind you it's in the same disembedded manner in which heteros are occasionally allowed to represent "latest research"!;-D. Not a whisper about Orrell being DSGE-hate-mail attracting author of Economyths...
profstevekeen.substack ProfSteveKeen.com patreon twitter youtube ineteconomics.org Steve Keen calls himself a Post-Keynesian. Not to be confused with new, neo or real Keynesians, Post-Keynesians are probably the largest group of non mainstream economists, not least because they are a very mixed bunch. Keen is famous for being one of those who did see the 2007 crisis … Continue reading Steve Keen