Friday, 26 August 2011

Economic fluctuations since 1870.

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This chart is from a Financial Times article by Samuel Brittan. Fluctuations seem to have moderated a bit since the 1800s. The cha...
Thursday, 25 August 2011

The economics of degrees.

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A report in today’s Guardian cites an Office for National Statistics (ONS) study which shows that those with degrees earn more than those...
Tuesday, 23 August 2011

Stiglitz doesn’t get Modern Monetary Theory.

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Joseph Stiglitz wrote an uninspiring guide to reducing the deficit at the end of last year. Here is guide to the main ideas in the paper....
Monday, 22 August 2011

Anti fractional reserve banners on streets of Newcastle.

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We set up in the shadow (literally and metaphorically) of Grey’s monument. Grey was a leading light of the Great Reform...
2 comments:
Thursday, 18 August 2011

Full versus fractional reserve arguments on the streets of Durham, UK.

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I set up a couple of anti fractional reserve banners on a street in Durham yesterday. We handed out some leaflets from Positive...
Tuesday, 16 August 2011

Krugman on MMT.

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I have far more respect for Krugman that for some of the time wasters who claim to be professors of economics – Rogoff and Martin Friedma...
Monday, 15 August 2011

Two points which advocates of “make work” / job guarantee type schemes often don’t get.

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The “make work” or “job guarantee” idea has been around for centuries, if not thousands of years. (Pericles advocated or implemented the...
3 comments: