Economics for the 21st Century and Beyond
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Economics is a social science which requires a critical pluralistic approach, to be useful.
Curated by
Nicholas Ripley
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Aditya Chakrabortty: This assault on an entire social contract is what Michał Kalecki warned about Delete the scoop?
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The Great Financial Crisis and the Great Recession began in the United States in 2007 and quickly spread across the globe, marking what appears to be a turning point in world history. Delete the scoop?
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Commentary on current economic and financial news.
I’ve commented numerous times over the the last 3 years that I considered the IMF’s position on Europe dangerously misguided as I felt it was based more on ideology than evidential analysis (see more here). I have posted on a near-daily basis over the last 2 years on the slow downfall of the euro-zone under what I considered to be a policy framework that was doing more harm than good due, in part, to the fact that it underestimated the feedback from on-going government sector austerity in an environment of private sector balance-sheet retrenchment. Via pdeppisch Delete the scoop?
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By Scott Fullwiler [Part 1] [Part 2] This five part series will explore at length (warning!) and in detail (another warning—wonk alert!
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Commentary on current economic and financial news. 
pdeppisch's curator insight,
December 30, 2012 11:14 AM
The concept of the "common good" because it has many definitons and cannot be agreed upon is being killed. But humanity is nothing without the "common good"! Humans need co-operation to flourish. Delete the scoop?
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Central banks cannot control the money supply. And not many central banks past the mid-1980s gave any credibility to monetary targeting. They realized that central banks can control only interest rates, not the money supply. Delete the scoop?
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The 10 London players with the closest links to power. Delete the scoop?
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A review of Norbert Häring and Niall Douglas, Economists and the Powerful (London: Anthem Press, 2012). “Whom the gods would destroy, they first... Delete the scoop?
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More on the macro wars. This is from Beyond Mechanical Markets: Asset Price Swings, Risk, and the Role of the State, by Roman Frydman & Michael D. Goldberg: ... To be sure, the upswing in house prices in many markets... Delete the scoop?
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A new paper reviews how psychology, biology, and neurology are ganging up on economics to prove that, when it comes to making decisions, people are anything but rational Delete the scoop?
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Commentary on current economic and financial news.
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Commentary on current economic and financial news. Delete the scoop?
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Because I’m tired of you people spreading untruths Since people continue to spread the factually dubious statement that Iceland “told creditors & IMF to go jump, nationalised banks,... Via John Postill Delete the scoop?
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The other social sciences are rebelling against their overlords. Delete the scoop?
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Latvia, the go to country for those justifying poverty for the many.
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from Lars Syll In the article The Scientific Model of Causality renowned econometrician and Nobe laureate James Heckman writes (emphasis added): A model is a set of possible counterfactual worlds c... Delete the scoop?
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Austerity advocates/deficit hawks are in full flight away from economic policies that would result in economic growth even as they claim otherwise. Delete the scoop?
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I have received some standard criticisms from visiting mainstream economists – straw man, ignorant, economists aren’t all Milton Friedman-esque free marketeers, etc. Suffice to say I...
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