Category Archives: Social values

Just How Low Can Spain Go?

Yves here. Last week, we used a the latest release of an every-other-year report by Transparency International on corruption to discuss the need to come up with more granular descriptions of the many forms it takes. This post on a major bribery scandal in Spain will hopefully elicit reader comment on the common forms of corruption in the EU and how they’ve changed over time.

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Econ4 on the New Economy

Econ4, a group of heterodox economists, has released a short video and a statement on the “new economy” which they define as more sustainable and equitable forms of organizing “productive” activity and the resources that support them.

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On the Poor Definition and Measurement of Corruption

Sadly, we’ve entered into a world where the word “corruption” has become inadequate to describe the many and varied practices of profitable abuse by the powerful and connected of their inferiors. Like the popular (and sadly apocryphal) accounts Inuit with their numerous words for “snow,” we need more refined and granular terminology to describe various types of corruption. Hugh uses “kleptocracy” but that’s a name for a system of governance, not particular behaviors within that system.

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Yanis Varoufakis: Europe Resorts to Authoritarianism to Paper Over Banking and Austerity Failures

Yves here. Because the European slow-motion train wreck is turning out to be particularly slow, it’s almost become background noise in the US, almost a lesser version of the now two lost decades in Japan. But what is happing in Europe is less benign and less likely to be able to continue anywhere near that long.

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“Les Français sont comme les chihuahuas” (#Snowden)

By Andrew Dittmer, who recently finished his PhD in mathematics at Harvard and is currently continuing work on his thesis topic. He also taught mathematics at a local elementary school. Andrew enjoys explaining the recent history of the financial sector to a popular audience

Although the incident occurred several days ago, the responses among French readers were so extraordinary that they merit further attention. For many, the incident represented an unmistakable turning point:

There is a certain concept of the world that is disappearing definitively.

And so I have selected a representative sample of these responses, both from Le Figaro (center right) and Le Monde (center left), and formed them into a conversation:

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“The Political History of American Inequality”

Inquality.org, which is a portal for news and data about income inequality, has published a particularly well-presented paper, The Political History of American Inequality, by Colin Gordon, a professor of history at the University of Iowa who has focused on 20th century American public policy and political economy. I’ve sampled it, and it’s clear and engagingly written and has great interactive chart porn,

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