It’s now becoming cutting edge conventional wisdom that oversized financial service industries are bad for your economic health. Yet the media is only occasionally and timidly is willing to say that what is good for Jamie Dimon is bad for the rest of us.
Read more...As local food has grown, so have the number of critics who claim that locavores have a dilemma. Are they right?
Read more...Why both Keynes and Minsky regarded low interest rates as poor policy.
Read more...As Greece’s cash crunch continues and its negotiations are moving slowing and tending towards an impasse, it becomes more and more likely that the beleaguered borrower will issue some sort of scrip in order to fund operations while remaining in the Eurozone. How and how well might that work?
Read more...A 2004 book by Martin Wolf provided the intellectual foundation for the competitiveness fad. Ironically, Wolf debunked his own thesis in it.
Read more...A new study tries to justify high pay for supposedly top performers. But all it really does is prove that feedback loops are powerful.
Read more...An important element of how income inequality is becoming institutionalized in the US.
Read more...It should come as no surprise that real estate kingpins buy political favors on a regular basis. A new study estimates the payoff.
Read more...Yves here. I’m quite interested in reader reactions to this scheme. My big reservation is that the amount of the scrip devised by the authors, the TCC, has to be limited to the an amount of discount of future tax payments that is deemed to be credible. Given that Bill Mitchell has estimated that Greece […]
Read more...A review of the pros and cons of various parallel currency options for Greece.
Read more...Hillary Clinton does not want to talk about past economic controversies.
Read more...Slavery and periods of low pay to labor are correlated with low innovation .
Read more...Paul Krugman’s latest column fingers some valid targets but lets way too many other equally deserving ones off.
Read more...As readers know all too well, there is so much obviously half-baked economic research that this site could turn itself over to shredding examples and only scratch the surface. But we have established the Frederick Mishkin Iceland Prize for Intellectual Integrity to highlight outstanding examples of economic shillery in which the attempt at analysis is obviously cooked so as to produce a pre-determined outcome.
Read more...Why does Paul Krugman find it so difficult to admit to past error?
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