global inEQUALITY now(ish) with Thomas Piketty, Lisa Adkins etal, Brett Christophers, Edward Fullbrook etal, Tade Oludayo, Anthony B. Atkinson
next generation political economy - hetero research - quantum , crypto, feminist, degrowth economics, monetary mechanics, NFT, metaverse, D Orrell, Y Veroufakis,
Land&Wine Who says US rates will go up for real? Maybe the Fed's endlessly extended expectation will do. No real rise yet but there has been worried talk of liquidity problems all along. Bears may gasp for breath as the very idea of de-leveraging seems to evaporate. Unperturbed, the ageing bull isn't roaring but keeps … Continue reading updates – Crash? What Crash!
book review- David Orrell's impressive, intelligent and imaginative bomb of a book is a highly recommended read for all connoisseurs of curiosity and hope and an absolute must-read for would-be economists. - Before you invest years of your time and 1000s of your dollars to practice 101 Mankiw, take time to read this book. Don't pay big bucks before you've read this quantum leap of a mind-bender destroying incumbent thought like there is a tomorrow. It'll reach parts of your quantum brain you could never code into clockwork DSGE. Read this book to reconsider the relevant marginal utilites. Especially if you are a bit of a quant, a bit nerdy or a bit curious.
contents selection, participation, representationparticipation - debate, deliberationcollective intentionality - researchreal existing democracy selection/participation/representation swiki/sortition - In governance, sortition (also known as selection by lottery, selection by lot, allotment, demarchy, stochocracy, aleatoric democracy and lottocracy) is the selection of political officials as a random sample from a larger pool of candidates. Sortition is generally used for … Continue reading participatory DEMOCRACY – citizens’ assembly – egalitarian representation -random conventions – epistemic practices
“...marvelously helpful and has some stunning historical vistas..." Hugh Downs “...provides the needed background for seeing the basic structural issues at work" Michael Hudson “...a masterful work” Michael Kumhof Given Stephen Zarlenga turns out to be a prominent proponent of money reform in the US, it seems to have taken me a long time to … Continue reading Myth of Money – Story of Power – Stephen Zarlenga’s Lost Science of Money
Watch Blair Fix talk about how corporate hierarchies create income inequality, and make the rich get richer. "This paper explores the idea that the (re)distribution of top incomes is uniform because it is shaped by a ubiquitous feature of social life, namely hierarchy. Using a model first developed by Herbert Simon and Harold Lydall, I show … Continue reading Breaking Old News: HIERARCHY REDISTRIBUTES INCOME – US Inequality for Quants – by Blair Fix
Genial surft Carmen Losmann die Lernkurve des Geldes Die 2009 Krise machte die Filmemacherin neugierig. Kuriosität im Rücken, macht sie sich auf die Reise. Da war Sie nicht die einzige. Auch ich gehöre zu einer seither massiv gewachsenen Kohorte neuerer Geldforscher. Neuere Geldforschung Losmann's Erkenntnistrip hat allerdings was besonderes. Statt akademische Experten oder Geldreformer zu … Continue reading Oeconomia oder die ewig wachsende Schuld des Geldes
I was about to leave my bookshop empty handed when I spotted a money title from an author not male, not middle-aged and not white: "We Need to Talk About Money" by Otegha Uwagba. A rare book indeed! So collectible I bought the pricey hardback. Having read it I have no regrets. Like Bourdieu, … Continue reading Pierre Bourdieu in Millenial Pink: ‘We need to talk about Money.’
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 CollegeA book of dazzling breadth, provocative and persuasive scholarship. – Sylvia Marcos, Mexican feminist activist and scholarFor too long the North has imposed its one-size-fits-all agenda on the South. – Dan O’Neill, economist, University of LeedsThis Dictionary charts pathways for … Continue reading diversity 101 = pluriverse
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?
see also > big tech >markets now and then, valuation ft.com 4/12/2021 Travel industry cries foul over unstoppable rise of Google ft.com 4/12/2021 Quebec’s maple syrup cartel should be sweeter ft.com 11/2021 Indra Nooyi: ‘Companies like ours are little republics’ economicsfromthetopdown.com/ 2021/09/29 How Dominant are Big US Corporations? Blair Fix …”I recently had a lively Twitter debate with Jonathan … Continue reading (im)perfect MARKETS: market power, monopoly, antitrust
inflation always monetary? - mainstream and hetero theories of inflation, how to measure inflation - decompose observed inflation into its monetary, demand-pull, cost-push and structural components - Inflation is a monetary and redistributional phenomenon
“The University of Glasgow has been accused of capitulating to “wokeism” after it called off a talk by an academic whose research was said to be “eugenicist”.” The Times brimming with liberal indignation is a bit rich. But only as rich as the typical incumbents’ complaints. Which is understandable. One is worried one is losing one’s grip on … Continue reading How woke is wokism?