see alsodemand - advertisingmarkets "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
Tag: Steve Keen
Agent Orange? Bildungslücke der Ampelkoalition emittiert Aktienrente
pensions updates here 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 … 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
Aral Sea in Kazakhstan in 1984 and 2020 updates below 1-2023 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 see also > earth+land – eco crisis – climate - food+farming … Continue reading ECO CRISIS – Climate
INEQUALITY
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
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 - fiscal, macro. monetary - updates below - see also 1/2021 De-facto MMT disequilibrating DSGE ? 9/202o German Economist Seess MMT Across the Sea 9/2019 Apropos of MMT 2/2019 MMT and Millennial Socialism US/UK Monetary/Fiscal EURO Monetary/Fiscal MMT - updates - 1-2023 mauricehoefgen.substack.com 14-1-2023 Er will die MMT entzaubern, entzaubert aber nur … Continue reading MMT Modern Monetary Theory
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)
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.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
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