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Another day – and some more evidence against fiscal austerity | Bill Mitchell – billy blog

Another day – and some more evidence against fiscal austerity | Bill Mitchell – billy blog | Heterodox economics | Scoop.it

Meanwhile, across the Atlantic, the Romney camp has put out a very suspect economic paper – authored by some notable suspects in the propaganda campaign the neo-liberals are sponsoring to prevent governments from acting responsibly. 

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Heterodox economics
Economics is a social science which requires a critical pluralistic approach, to be useful.
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Rentier Machinations | Michael Hudson

Prof Michael Hudson on the global machinations unveiling in 20915 from Switzerland's money laundering to Greece, new energy alliances and the role of sanctions.
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Rising inequality – fundamental changes required | Bill Mitchell – billy blog

Rising inequality – fundamental changes required | Bill Mitchell – billy blog | Heterodox economics | Scoop.it
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Michael Hudson: The Crisis in Europe and the Machinations of the Rentier Class | naked capitalism

This Boom/Bust show with Michael Hudson includes the impact of the Swiss shock and what the deteriorating Ukraine economy means for Europe.
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Turning Japanese

Turning Japanese | Heterodox economics | Scoop.it
The global economy is dominated by a private debt bubble that governments and mainstream economists ignore.
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Philip Mirowski and the Science of Neoliberalism

Philip Mirowski and the Science of Neoliberalism | Heterodox economics | Scoop.it
This is interesting. Philip Mirowski, a "historian and philosopher of economic thought at the University of Notre Dame" and author of a newish book called...
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Economists and their politics | Alex's Archives

Economists and their politics | Alex's Archives | Heterodox economics | Scoop.it
Several econ bloggers have had things to say over recent days about the distinctions between mainstream and heterodox economics. It's a discussion topic that
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Framing Modern Monetary Theory – Presentation | Bill Mitchell – billy blog

Framing Modern Monetary Theory – Presentation | Bill Mitchell – billy blog | Heterodox economics | Scoop.it
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One small study that explodes the myth that inequality is efficient

If you want people to consume less water, there are roughly two ways you could do it. One is to raise the price of water, and the other is to simply mandate that everyone cut back on their water consumption.

Either will work, but they work in different ways. And an important recent study from Casey Wichman, Laura Taylor, and Roger von Haefen suggests that the difference in how they work has crucial implications for how we think about a wide variety of issues. When economic inequality is really severe, using prices to regulate the distribution of scarce goods can be seriously unfair. At the same time, using non-price mechanisms can be seriously inefficient.

That means that inequality is preventing us from adopting efficient solutions to a wide variety of problems, ranging from drought response to traffic congestion to climate change.

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MMT as the Austerity Alternative | Michael Hudson

Michael appeared on Guns and Butter alongside Assoc Professor Stephanie Kelton in Rimini. Listen to the interview aired March 7th. Make sure you read Mic...
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Trickle down economics – the evidence is damning | Bill Mitchell – billy blog

Trickle down economics – the evidence is damning | Bill Mitchell – billy blog | Heterodox economics | Scoop.it
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Cameron steers the UK toward stagnation

Cameron steers the UK toward stagnation | Heterodox economics | Scoop.it
David Cameron should consider the UK's private debt situation before cutting government spending and risk making the economic stagnation worse.
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Masaccio: Piketty Shreds Marginal Productivity as Neoclassical Justification for Supersized Pay | naked capitalism

Per Piketty, the idea that people are paid what they are worth, or in neoliberal-speak, according to their marginal productivity, is a sham
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SNB decision tells us that the crisis is entering a new phase | Bill Mitchell – billy blog

SNB decision tells us that the crisis is entering a new phase | Bill Mitchell – billy blog | Heterodox economics | Scoop.it
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Richard Wolff on the Greek Crisis, Austerity and a Post-Capitalist Future | Professor Richard D. Wolff

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Who are the British that are living within their means? | Bill Mitchell – billy blog

Who are the British that are living within their means? | Bill Mitchell – billy blog | Heterodox economics | Scoop.it
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Extraordinarily absurd things called ‘Keynesian’

Extraordinarily absurd things called ‘Keynesian’ | Heterodox economics | Scoop.it
from Lars Syll Today, it seems, just about anyone can get away with calling themselves a Keynesian, and they do, no matter what salmagundi of doctrinal positions they may hold dear, without fear of...
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Privatisation failure – the micro analogue of fiscal surplus obsessions | Bill Mitchell – billy blog

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Joseph Stiglitz: Thomas Piketty gets income inequality wrong

Joseph Stiglitz: Thomas Piketty gets income inequality wrong | Heterodox economics | Scoop.it
The famed economist reveals the real reason the rich are getting richer -- and what it means for the rest of us
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Kindleberger and the Minsky model

Kindleberger and the Minsky model | Heterodox economics | Scoop.it
In an often cynical world, standard financial and macroeconomic quantitative models give people the benefi t of the doubt. Fundamental economic theory assumes the best of us, supposing that human bei...
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The Postmortem On Federal Reserve Quantitative Easing - Important Cool

The Postmortem On Federal Reserve Quantitative Easing - Important Cool | Heterodox economics | Scoop.it
ImportantCool’s money man Joe McIvor on the ins and outs of creating money from nothing The United States Federal Reserve has signaled that it is ending its program of “Quantitative Easing”, the controversial program of negative real interest rates and massive asset purchases funded by effectively “printing” money. So was printing a bunch of money to support...
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▶ Bruce Greenwald: What economics students should be taught - YouTube

12th International Post Keynesian Conference, University of Missouri - Kansas City, September 25, 2014

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UK labour market continues to impoverish its workers | Bill Mitchell – billy blog

UK labour market continues to impoverish its workers | Bill Mitchell – billy blog | Heterodox economics | Scoop.it
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