Mariana Mazzucato on a Mission

  v Mariana Mazzucato's  "Mission Economy" spells out her vision for  "The "Enterpreneurial State",  title of her first bestseller. It made her famous for debunking some of the popular myths about the market as the only innovative generator of value.  Now she has written a "Moonshot Guide" on how the re-imagined  state could become a … Continue reading Mariana Mazzucato on a Mission

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

D Orrell Quantum Economics – critical main-streamers

David Orrell  Quantum Economics, 2019, p 238   The penny drops While ... many mainstream economists have continued to make excuses for their epic forecasting miss , not all have been so sanguine . George Akerlof and Robert Shiller wrote in their 2015 Phishing for Phools : ‘ It is truly remarkable that so few economists … Continue reading D Orrell Quantum Economics – critical main-streamers

Toward the Next Paradigm in Economics?

"Toward the Next Paradigm in Economics?" was the banner for a local meeting I recently had to talk about two seminal books: Kate Raworth's "Doughnut Economics" and David Orrell's "Quantum Economics".     Four people attended. One had turned up because she knows Kate Raworth as a parent. Their children go to the same school ("Only … Continue reading Toward the Next Paradigm in Economics?

Adam K – Stanley Fisher “fishy loanable funds”

source Mitchel blog/apropo MMT post/Sep 2019 Adam K  something fishy : Stanley Fisher and the naive classical version of loanable funds theory in action.    "The article links to a paper written by and others for Black Rock Institute “Dealing with the next downturn: From unconventional monetary policy to unprecedented policy coordination” There is something … Continue reading Adam K – Stanley Fisher “fishy loanable funds”