-
Heterodox economics: Marginal revolutionaries | The Economist →
A great piece about heterodox schools of economic thought that have thrived on the back of massive disillusion with mainstream economics.
-
View high resolution
Confounding the view of the “Occupy” protests taking place across the globe that the world is run by increasingly rapacious corporations, those proportions have declined since 2000 (the earliest year for which robust data are available). At the very top, the largest 1% of listed companies in America and Western Europe accounted for 53% and 48% of market value in 2000. In 2010, those proportions had declined to 40% and 28% respectively.
-
View high resolution
Paul Krugman with his macro-mallet, holding the head of a supply-side monster. (via The Absolute Coolest Costume At Occupy Wall Street On Halloween)
-
"
Our current political and economic institutions rest upon the wager that a decentralized market provides a better social-planning, coordination, and capital-allocation mechanism than any other that we have yet been able to devise. But, since the dawn of the Industrial Revolution, part of that system has been a central financial authority that preserves trust that contracts will be fulfilled and promises kept. Time and again, the lender-of-last-resort role has been an indispensable part of that function.
That is what the ECB is now throwing away.
"The ECB’s Battle against Central Banking - J. Bradford DeLong - Project Syndicate
-
"Has the financial crisis and Great Recession produced any big new economic ideas?"
Rational Irrationality: Where Is the New Keynes? : The New Yorker
Theme: Linear by Peter Vidani
