Peer2Politics
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Peer2Politics
on peer-to-peer dynamics in politics, the economy and organizations
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History US Military Economy

History US Military Economy | Peer2Politics | Scoop.it
ROOSEVELT’s New Deal, 1933-1945 New Deal deficits create strong economic growth: correlation .73 from 1934 through 1939. New Deal Provides Five Times War Growth: Total growth from 1933 to 1941 was 86%. Total growth from 1942 to 1947 was 17%. Unemployment change followed deficit change R=.74.  Note that unemployment decreased at a steady rate from…
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[Commentary] | Greece, Europe, and the United States, by James K. Galbraith | Harper's Magazine

[Commentary] | Greece, Europe, and the United States, by James K. Galbraith | Harper's Magazine | Peer2Politics | Scoop.it
“A progressive Europe—the Europe of sustainable growth and social cohesion—would be one thing. The gridlocked, reactionary, petty, and vicious Europe that actually exists is another. It cannot and should not last for very long.”
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The Economic Realms: We have a distorted economy”: Joseph Stiglitz sounds off on inequality, the TPP and 2016

The Economic Realms: We have a distorted economy”: Joseph Stiglitz sounds off on inequality, the TPP and 2016 | Peer2Politics | Scoop.it

During the long run-up to officially announcing her second presidential bid, former Secretary of State Hillary Clinton quietly — but not too quietly — reached out to a number of leading progressive economists. Along with experts from some of the biggest unions in the country, the list of Clinton conferees included some of the biggest names in the (small) world of left-wing economics: former Clinton-era Secretary of Labor Robert Reich, for example. Yet out of all the so-called boldfaced names intended to draw lefty wonks’ attention, none inspired more cautious optimism than that of Columbia University professor and Nobel Prize-winning economist Joseph Stiglitz.



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Keynes on people who have their heads fuddled with nonsense

Keynes on people who have their heads fuddled with nonsense | Peer2Politics | Scoop.it
from Lars Syll The Conservative belief that there is some law of nature which prevents men from being employed, that it is “rash” to employ men, and that it is financially ‘sound’ to maintain a tenth of the population in idleness for an indefinite...
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HowStuffWorks "Keynes and the Leisure Society"

HowStuffWorks "Keynes and the Leisure Society" | Peer2Politics | Scoop.it
Economist John Maynard Keynes is credited, along with Adam Smith and a few select others, with founding modern economics. Keynes provided the foundation for macroeconomics, the study of economies on the whole, including interest rates, employment, budgets and many other factors. Keynes revolutionized economics and its forecasts, and when he made the predictions in his 1930 essay, "Economic Possibilities for our Grandchildren," people listened.
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Audio Q&A: Professor Joseph Stiglitz on inequality, rent-seeking and Australia ... - The Conversation

Audio Q&A: Professor Joseph Stiglitz on inequality, rent-seeking and Australia ... - The Conversation | Peer2Politics | Scoop.it

Nobel Laureate and renowned economist Professor Joseph Stiglitz has been packing out lecture theatres in Australia in the past week. During his whirlwind tour, he’s talked about why inequality matters in society, the dangers of Australia moving towards expensive US-style education and warned about this country emulating America’s health care system.

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The New Geo-Economics

The New Geo-Economics | Peer2Politics | Scoop.it
Last year was a memorable one for the global economy. Not only was overall performance disappointing, but profound changes – both for better and for worse – occurred in the global economic system. Most notable was the Paris climate agreement reached last month. By itself, the agreement is far from enough to limit the increase in …
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'Neglected Prophet' of Economics Got It Right

'Neglected Prophet' of Economics Got It Right | Peer2Politics | Scoop.it

In some parts of Europe, negative interest rates are creating absurd situations. In France, some corporate bonds pay interest to the issuer because they were linked to a benchmark rate that has dropped below zero. In Sweden, Denmark and Switzerland, banks are turning depositors away with threats of negative interest rates. If this goes on much longer, we'll be living in the world of "free money" imagined by the economic dreamer and adventurer Silvio Gesell in the 19th century.

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Greece: Keynes or Marx?

Greece: Keynes or Marx? | Peer2Politics | Scoop.it
The Greeks are now in a so-called four-month breathing space, an extension of the existing ‘bailout’ programme agreed by the previous Conservative-led government with the Troika (the EU Commission, the ECB and the IMF).
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Rethinking Economics: Stockhammer's Intro to Post-Keynesian Economics, London 2014

As well as highlighting the limitations of the mainstream, Rethinking Economics aims to take an active role in promoting alternatives. In this session, Engel...
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Joseph Stiglitz: American Delusions Down Under

Joseph Stiglitz: American Delusions Down Under | Peer2Politics | Scoop.it
Joseph Stiglitz looks at the Australian import of American delusions and shows why austerity is the wrong path for Australia.
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David Graeber: “Spotlight on the financial sector did make apparent just how bizarrely skewed our economy is in terms of who gets rewarded”

David Graeber: “Spotlight on the financial sector did make apparent just how bizarrely skewed our economy is in terms of who gets rewarded” | Peer2Politics | Scoop.it

David Graeber is an American anthropologist who teaches at the London School of Economics. He is the author of the classic “Debt: The First Five Thousand Years” and played an important role in the launching of Occupy Wall Street. Last year, he wrote a much-discussed essay asking what happened to society’s old promise of more leisure time for workers; for the tasks that have come to occupy the hours that were once promised to be ours, Graeber invented the delicate and slightly obscure label, “bullshit jobs.”

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