supply&demand – crit ortho econ

see alsodemand - advertising "Supply and demand is interesting because it represents the fundamental interaction between a buyer and a seller, scaled up to large numbers. It plays a huge role in neoclassical theory, not just in introductory textbooks, but in mathematical models used by e.g. macroeconomists, and also by the entire narrative that the … Continue reading supply&demand – crit ortho econ

Agent Orange? Bildungslücke der Ampelkoalition emittiert Aktienrente

Sehr Geehrte Ampel, In dem Glauben dass Sie meine freischaffenden Interessen am ehesten vertreten, möchte ich mich als Selbstständiger primär an Gelb, sekundär an Rot und zu guter Letzt an Grün wenden. Freiheit, Gerechtigkeit, Nachhaltigkeit - das ist gut. Ich freue mich Sie wollen auf dem Weg dorthin Fortschritt wagen. Gerade was die Digitalisierung angeht. … Continue reading Agent Orange? Bildungslücke der Ampelkoalition emittiert Aktienrente

Oeconomia oder die ewig wachsende Schuld des Geldes

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

The Economist : Korsett der Schwarzen Null raubt der Ampel den Atem

The Economist's Sonderbericht zu "Deutschland nach Merkel" hat was besonderes. Deutsche Medien lesen hier eine "eiskalte Kritik" an deutscher Selbstgefälligkeit und Reformunfähigkeit. Doch letztere sieht The Economist heutzutage in der polarisierten US, Brexitland und praktisch weltweit. Was hier überlesen wird ist dass im Gegensatz zu den relativ hoffnungslosen Anglo Ländern Deutschland als Tragigkomödie daherkommt... >>>Bild klicken um weiterzulesen<<<

ECO CRISIS – Climate

itv.com/     4/2021  A time-lapse video feature launched by Google Earth has drawn on nearly four decades of satellite imagery to vividly illustrate how the impact of humans and climate change have affected the planet. https://www.youtube.com/watch?v=5W-zPqrGQWA&t=2s What to do?  Wise up off mainstream, from  Growth  to  De- Growth  or   ALTcurrencies  to  SustainabilityTheEconomist  climate-change hubsee also  … Continue reading ECO CRISIS – Climate

INEQUALITY

GM posts/pages on inequality 3/2021   Fed's QE feeds Matthew Effect6/2020  The Unequal Mr Picketty4/2020   Covid : Billionaires Chip In A TrillionBranco  Milanovic  Inequality articles etc updated 11/2021 D Graeber, D Wengrow, Dawn of Everything  2021  Ch 1 Farewell to Humanity’s Childhood: Or, why this is not a book about the origins of inequality The political … Continue reading INEQUALITY

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 ?

MMT Modern Monetary Theory

MMT portal page - updated library of articles, books, videos, posts and pages  1/2021 De-facto MMT disequilibrating DSGE ?9/202o German Economist Sees MMT MMT Across the Sea9/2019 Apropos of MMT2/2019 MMT and Millennial SocialismUS/UK  Monetary/FiscalEURO Monetary/Fiscal MMT/monetary fiscal etc articles   (updated 12/2021)  scroll or use ctrl+f  to search for topics or names theguardian.com/  9/12/2021  Spending … Continue reading MMT Modern Monetary Theory

DeGrowth – Décroissance for Xmas anyone?

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 to first impressions, … Continue reading DeGrowth – Décroissance for Xmas anyone?

Crisis? What Crisis!

"Almost no chance of a recession this year", concludes Barron's roundtable, "markets will gain despite looming risks."  "Recession has been "priced out in a rally for the record books" booms bloomberg and forbes feels that now "only the perennial bears believe" in a 2020 recession. Investors "go into the new decade with a spring in … Continue reading Crisis? What Crisis!

One or two of the 85%?

Allegedly 85% of politicians are not familiar with how banks create money ... For the general population it's 80%.  Any questions? Like, what does it mean for a government to have "... no money left!" as Michael Gove puts it, quoting the last outgoing Labour chancellor?  When Andrew Gwynne objects: "But that was a joke..." does that … Continue reading One or two of the 85%?

The Nobel Poor

One reason to celebrate this year's prize is that it went to a woman, albeit shared with two men.  Professor Duflo is only the second ever female economist to get the chance to feel humbled by this ultimate gong. The first was Elinor Ostrom in 2009. Funnily enough, history may well judge Ostrom's work on … Continue reading The Nobel Poor

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

The Queen, Seventeen, Halloween…

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…

Steve Keen

ProfSteveKeen.compatreontwitteryoutubeineteconomics.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 coming, for his "Debunking Economics", … Continue reading Steve Keen

Rethinking Capitalism

ECONOMICS AND POLICY FOR SUSTAINABLE AND INCLUSIVE GROWTH Edited by M. JACOB and M. MAZZUCATO "A fine collection of chapters by leading progressives on what went wrong -- low growth, flagging investment and innovation, too few jobs and too much carbon -- and what might be done. May it close the door on the failed "mainstream" … Continue reading Rethinking Capitalism