Real World Economics Review Out Now: positional vs MMT money, power narratives, viral neoliberalism, blundering equilibrium, teaching hetero 101 productivity, zero evidence free trade, de-externalising stress, Scottish currencies, GDP and Jayati Ghosh’s political economy of development

paecon.net/pdf - gg/pdf 9-2022 Real World Economics Review download here Two conceptions of the nature of money: clarifying differences between MMT and money theories sponsored by social positioning theory - by Tony Lawson ..."...unlike conceptions of the nature of money and money histories etc., the policy proposals associated with MMT, in their basics, do not … Continue reading Real World Economics Review Out Now: positional vs MMT money, power narratives, viral neoliberalism, blundering equilibrium, teaching hetero 101 productivity, zero evidence free trade, de-externalising stress, Scottish currencies, GDP and Jayati Ghosh’s political economy of development

The “Selling” of DeGrowth – or how to soft sell the hardest sale ever – by John Feffer

source: John Feffer 2021 resilience.org , originally published 20-12-2021 by Foreign Policy In Focus GaiaMoney is revisiting DeGrowth for Xmas with John Feffer's question: "Can those who advocate hitting the brakes on economic growth get their message across before it’s too late?" "Over the last three decades, a growing number of scientists and ecologists have argued … Continue reading The “Selling” of DeGrowth – or how to soft sell the hardest sale ever – by John Feffer

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.

Is Greenwashing the New Money Laundering?

greenwashing - updates see also climate crisis  ESG’s, green finance + investment Vorsprung durch Grünwaschen sustainability Not exactly. It’s not new. And it’s a lot bigger. Greenwash Guy Pearse 2012 The trillions involved are likely to dwarf the entire history of money laundering. Dig into the numbers below. But lets look on the bright sunny … Continue reading Is Greenwashing the New Money Laundering?

De facto MMT disequilibrating DSGE ?

Turns out Peter Bofinger is not the only  German economist who can  see MMT across the sea.  There is at least one other.  Maybe more to follow? "Say it quietly, but Germany has learnt the lessons of Keynes," argues Thorvaldur Gylfason. Mind you, he is talking fiscal largesse, not ECB money.  In the "we are … Continue reading De facto MMT disequilibrating DSGE ?

DeGrowth or Décroissance anyone? (not just for Xmas)

degrowth updates here Décroissance, or degrowth, is a story of hope amidst adversity. Just like Xmas. Born of the adversities of a poisoned and plundered planet, degrowthers say "No! No More! Let's get out of the Old National Market Hall of Sickly Scarcity and into the New Global Banquet Hall of Happy Abundance... Yes, contrary … Continue reading DeGrowth or Décroissance anyone? (not just for Xmas)

Wiedergeburt der Politischen Oekonomie?

"Die Wertedebatte - Wie fünf Ökonominnen Wirtschaft und Politik neu verbinden."    In einem erfrischenden Deutschlandfunk Artikel serviert Antje Schrupp einen gut sortierten Ausblick über den Tellerrand des wirtschaftswissenschaftlichen Mainstreams. Sehr empfehlenswert! "Diese fünf Ökonominnen entrümpeln die Wirtschaftswissenschaften von alten Glaubenssätzen und entwickeln neue Theorien für das 21. Jahrhundert : Mariana Mazzucato,  Kate Raworth,  Esther … Continue reading Wiedergeburt der Politischen Oekonomie?

Schwarze Null Vergiftet Europa

In einem Artikel vor dem Euro Gipfel  schlagen die deutschen Finanz- und Außenminister Olaf Scholz und Heiko Maas flexible ESM-Anpassungen  und einen paneuropäischen Garantiefonds vor, um "sehr schnell, unkompliziert und im nötigen Umfang ... gezielte Hilfe zu leisten."    Lesen Sie hier den ganzen Artikel Die Minister scheinen einen "möglichen komplexen Kompromiss" vorzuschlagen, wie Adam … Continue reading Schwarze Null Vergiftet Europa

Creditors Kill Europe

In a pre-summit article, German finance and foreign ministers Olaf Scholz and Heiko Maas  suggest flexible ESM adjustments to provide  "quick and targeted relief... (and) ... a pan-European guarantee fund to secure loans ... (so)  the European Investment Bank (EIB) would ensure liquidity for small and medium-sized enterprises in the EU countries." read the whole … Continue reading Creditors Kill Europe

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?

The Limits To Greta

Greta has docked in Lisbon and is on her way to Madrid. Presumably by train. Most will cheer her on.   Many will not.  Some rather see her drowned like an inconvenient truth. Or hung like a false prophet. Some are annoyed. Some have reservations. And some are changing their minds. I was about Greta Thunberg's … Continue reading The Limits To Greta

Corbyn Moment auf Deutsch?

Can you spot the winners? Not Olaf with the mike, it's Norbert and Saskia on the right. SPD left wingers whose victory may nudge the markets to price in a grand coalition fracas. Is this Deutschland's Corbyn moment? Can anti-austerity Saskia Esken and "taxpayers' Robin Hood" Norbert Walter-Borjans  be  Bonnie and Clyde to revive the … Continue reading Corbyn Moment auf Deutsch?

Stiglitz wants GDP retired

"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 book of alternative measurements has just been published. … Continue reading Stiglitz wants GDP retired

Branco Milanovic

"Milanovic’s work is still the most detailed study of global inequality to date and should be read by all proponents of post-capitalist democracy..." Boris Frankel

Head scratching inflation

"Inflation ... has left many observers scratching their heads as to why the current level ...  does not match the current state of the real economy ..."  said ex ECB board member Sabine Lautenschläger in a recent speech.   The Economist discerns "strange new rules", devote a  special report to "The End of Inflation?" and concludes that inflation is … Continue reading Head scratching inflation