Heterodox economics
Follow
Find
1.4K views | +0 today
 
Scooped by Nicholas Ripley
onto Heterodox economics
Scoop.it!

Gold standard and fixed exchange rates – myths that still prevail | Bill Mitchell – billy blog

Gold standard and fixed exchange rates – myths that still prevail | Bill Mitchell – billy blog | Heterodox economics | Scoop.it

At the heart of the matter is the fundamental difficulty people have in appreciating that there has been a fundamental shift since the 1970s in the way our monetary system operates. This shift redefines how we should think about macroeconomics and the role of a national government which issues its own currency.

more...
No comment yet.
Heterodox economics
Economics is a social science which requires a critical pluralistic approach, to be useful.
Your new post is loading...
Your new post is loading...
Scooped by Nicholas Ripley
Scoop.it!

General equilibrium theory -- a gross misallocation of intellectual resources and time

General equilibrium theory -- a gross misallocation of intellectual resources and time | Heterodox economics | Scoop.it
General equilibrium is fundamental to economics on a more normative level as well. A story about Adam Smith, the invisible hand, and the merits of markets pervades introductory textbooks, classroom...
more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

Banks are not intermediaries of loanable funds – and why this matters

Banks are not intermediaries of loanable funds – and why this matters | Heterodox economics | Scoop.it
Problems in the banking sector played a critical role in triggering and prolonging the Great Recession. Unfortunately, standard macroeconomic models were initially not ready to provide much support...
more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

Global Financialization 2015 - The state of play | Michael Hudson

Michael Hudson in fine form digging into the geo-political plays determined by financial rent-seeking.
more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

Bank of England finally catches on – mainstream monetary theory is erroneous | Bill Mitchell – billy blog

Bank of England finally catches on – mainstream monetary theory is erroneous | Bill Mitchell – billy blog | Heterodox economics | Scoop.it
more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

Can a band of rebel economists change economic thought before it's too late?

Can a band of rebel economists change economic thought before it's too late? | Heterodox economics | Scoop.it
To the uninitiated, Carmen Reinhart’s reaction to our protest at her talk at the American Economic Association conference might seem understandable. After all, our group of rebel economics students...
more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

What Thomas Piketty and Larry Summers Don’t Tell You About Income Inequality | naked capitalism

Piketty's tax proposals fall well short of the major changes needed to keep us from becoming a Downton Abbey society.
more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

On The Origins of Participatory Economics

On The Origins of Participatory Economics | Heterodox economics | Scoop.it
The second video from Robin's European tour by Parecon Finland. An excerpt from a discussion between Robin Hahnel and Ville-Pekka Sorsa "Political Economy and Economics: Past, Present and the Futur...
more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

MODEST PROPOSAL

MODEST PROPOSAL | Heterodox economics | Scoop.it
The establishment of this blog coincided with our  campaign for a rational resolution of the euro crisis. By we, I mean Stuart Holland and myself. Such a resolution, we felt, was always feasible wi...
more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

CADTM - Joseph Stiglitz shows that a suspension of debt repayments can be beneficial for a country and its people

CADTM - Joseph Stiglitz shows that a suspension of debt repayments can be beneficial for a country and its people | Heterodox economics | Scoop.it
Since the European Union started facing an abyssal debt crisis and several countries have been caught in the stranglehold of their creditors, the (...)
more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

Greek elections – a solution doesn’t appear to be forthcoming | Bill Mitchell – billy blog

Greek elections – a solution doesn’t appear to be forthcoming | Bill Mitchell – billy blog | Heterodox economics | Scoop.it
more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

Krugman is right -- public debt is good!

Krugman is right -- public debt is good! | Heterodox economics | Scoop.it
The U.S.economyhas, on the whole, done pretty well these past 180 years, suggesting thathaving the government owethe private sector money might not be all that bad a thing. The Britishgovernme...
more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

Thomas Piketty explains the meaning of economic models, and why we can’t rely on them

Thomas Piketty explains the meaning of economic models, and why we can’t rely on them | Heterodox economics | Scoop.it

Keep these words in mind the next time you're perplexed by a complex-looking economic argument.

more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

How rising debt causes inequality and crisis

How rising debt causes inequality and crisis | Heterodox economics | Scoop.it
In a (for me!) brief presentation with 7 slides, I explain why rising private debt necessarily causes increased inequality, and leads to an
more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

Piketty and the non-applicability of neoclassical economics

Piketty and the non-applicability of neoclassical economics | Heterodox economics | Scoop.it
from Lars Syll In yours truly’s On the use and misuse of theories and models in economics the author of Capital in the Twenty-First Century is criticized for not being prepared to fully take the co...
more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

Greek bank deposit migration – another neo-liberal smokescreen | Bill Mitchell – billy blog

Greek bank deposit migration – another neo-liberal smokescreen | Bill Mitchell – billy blog | Heterodox economics | Scoop.it
more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

A primary fiscal deficit Never ever? I don’t think so | Bill Mitchell – billy blog

A primary fiscal deficit Never ever? I don’t think so | Bill Mitchell – billy blog | Heterodox economics | Scoop.it
more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

Robin Hahnel (2014): Political Economy and Economics – Past, Present & Future - YouTube

Open discussion between Robin Hahnel and Ville-Pekka Sorsa "Political Economy and Economics: Past, Present and the Future" at University of Helsinki on Decem...
Nicholas Ripley's insight:

Why Heterodox economics

 

 

more...
No comment yet.
Scooped by Nicholas Ripley
Scoop.it!

Rising Arrogance and Declining Debate in Economics

Rising Arrogance and Declining Debate in Economics | Heterodox economics | Scoop.it
Two recently released studies have highlighted very dangerous trends in mainstream economics that shield the profession from the kind of reflexive critical thinking that's needed to keep it honest ...
more...
pdeppisch's curator insight, January 29, 11:13 AM

I think economics has always been very fractious - Keynes vs Hayek, etc.

Scooped by Nicholas Ripley
Scoop.it!

Smart Austerity – its just the same dumb austerity | Bill Mitchell – billy blog

more...
No comment yet.