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Felix Salmon: Curb High-Frequency Trading and End the Stock Market “War Zone” | Institute for New Economic Thinking

Felix Salmon: Curb High-Frequency Trading and End the Stock Market “War Zone” | Institute for New Economic Thinking | Heterodox economics | Scoop.it

When Felix Salmon looks at the global equities market he sees a world of free-for-all electronic warfare that likely would be more recognizable to Isaac Asimov than Milton Friedman.

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Heterodox economics
Economics is a social science which requires a critical pluralistic approach, to be useful.
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How economics became a science | Adbusters Culturejammer Headquarters

How economics became a science | Adbusters Culturejammer Headquarters | Heterodox economics | Scoop.it
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Why Minsky Matters

Why Minsky Matters | Heterodox economics | Scoop.it
American economist Hyman Minsky died in 1996, but his theories offer one of the most compelling explanations of the 2008 financial crisis. His key idea is simple enough to be a t-shirt slogan: "Stability is destabilising".

BBC Radio 4's Analysis program
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The Center of the Universe » Blog Archive » proactive fiscal tightening damages income growth

The Center of the Universe » Blog Archive » proactive fiscal tightening damages income growth | Heterodox economics | Scoop.it
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Palley's Critique of MMT: Post Keynesian or neo-Keynesian?

Palley's Critique of MMT: Post Keynesian or neo-Keynesian? | Heterodox economics | Scoop.it
So, Tom Palley has a new criticism out of MMT. Frankly, I'm not hugely concerned with the critique itself. The criticisms are old and I don't think that Palley will convince anyone of the ills of M...
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Modeling Financial Instability

Modeling Financial Instability | Heterodox economics | Scoop.it
This paper will be published in a forthcoming book on the crisis edited by Malliaris, Shaw and Shefrin. In what follows, I derive a correcte
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The embarrassing truth about trickle-down

The embarrassing truth about trickle-down | Heterodox economics | Scoop.it
A 50p tax rate will help, not hurt, our economy
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Bank Lending and Bank Reserves

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L is for Land | Michael Hudson

The Insider's Economic Dictionary - Michael Hudson's sarcastic take on what economics is really about
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Options for Europe – Part 9 | Bill Mitchell – billy blog

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Essays in Monetary Theory and Policy: On the Nature of Money (10)

Essays in Monetary Theory and Policy: On the Nature of Money (10) | Heterodox economics | Scoop.it
By Brian Harley*

Modern banks are professional arbiters of financial IOUs secondary to that of the state or issuing authority.
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Essays in Monetary Theory and Policy: On the Nature of Money (9)

By Lukas Kaluza*
Introduction
“Money is what we use to pay for things.” This quote from Lerner (1947, p. 313) is the simple answer to the question: “What is money?
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Philip Pilkington: Interest Rates and Animal Spirits – A Response to JW Mason - naked capitalism

Clarifying what believing in risk versus uncertainty means for how you view the role of interest rates.
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Wolf Richter: Financial Engineering Wildest Since The 2007 Bubble - naked capitalism

After these financial engineers are done extracting fees, they move on, leaving iffy debt and shares of dubious value.
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DEBATE: Can accountants be trusted? | Economia

DEBATE: Can accountants be trusted? | Economia | Heterodox economics | Scoop.it
This month's debate asks - can you really trust an accountant?
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Money multiplier and other myths | Bill Mitchell – billy blog

Money multiplier and other myths | Bill Mitchell – billy blog | Heterodox economics | Scoop.it
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Philip Pilkington: Keynes’ Liquidity Preference Trumps Debt Deflation in 1931 and 2008 - naked capitalism

Why defining "liquidity trap" precisely matters in understanding crisis dynamics, and Keynes, and not Krugman, got it right.
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Paul Krugman Pushes Factually Inaccurate Arguments About Argentina to Support His Discredited Monetarist Ideas

Paul Krugman Pushes Factually Inaccurate Arguments About Argentina to Support His Discredited Monetarist Ideas | Heterodox economics | Scoop.it
Well, Paul Krugman is out again waving his true colours in the wind while his die hard followers try desperately to look the other way and pretend that he's not making stuff up. Basically Krugman i...
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Philip Pilkington: Abstraction, Language and Modelling in Economics - naked capitalism

Alciphron is the title of the book by the philosopher George Berkeley that was most popular in his own time and is probably his least popular in ours. But in the Seventh Dialogue, Berkeley sketches out some very interesting ideas on human language — something that he recognised as being an absolutely central philosophical question and one that bears directly upon economics.
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Our pathological meanness to the unemployed is just bad economics | Bill Mitchell – billy blog

Our pathological meanness to the unemployed is just bad economics | Bill Mitchell – billy blog | Heterodox economics | Scoop.it
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Fixing the Economists

Just another WordPress.com site
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Why economic forecasting is such a worthless waste of time

Why economic forecasting is such a worthless waste of time | Heterodox economics | Scoop.it
Mainstream neoclassical economists often maintain - usually referring to the methodological individualism of Milton Friedman - that it doesn't matter if the assumptions of the models they use are r...
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Explaining Monetary Realism

Explaining Monetary Realism | Heterodox economics | Scoop.it
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The fiscal stimulus worked but was captured by profits | Bill Mitchell – billy blog

The fiscal stimulus worked but was captured by profits | Bill Mitchell – billy blog | Heterodox economics | Scoop.it
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Cutting US unemployment benefits is cruel and stupid | Bill Mitchell – billy blog

Cutting US unemployment benefits is cruel and stupid | Bill Mitchell – billy blog | Heterodox economics | Scoop.it
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Essays in Monetary Theory and Policy: On the Nature of Money (Continued) - naked capitalism

Yves here. I thought this essay on money was useful in and of itself, and it also contains a useful primer on the views of major schools of thought in orthodox economics.
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