Inflation, Ukraine & China (tags)
What impresses me is China's diplomatic engagement. And I say that also in terms of their role in restoring diplomatic relations between Iran and Saudi Arabia. Our diplomacy, American diplomacy, seems to me reactive, unimaginative, and ineffective. Chinese diplomacy, on the other hand, seems to me to be more imaginative.
Chicago School Economists Got it Wrong. Strong Antitrust Policy Boosts the Economy (tags)
When mergers increase market concentration, we know that competition has been harmed even if to a small extent. Since this is the case, it makes sense to ask the merging parties to establish that the merger will provide benefits to the economy.
Learning from MLK, the inconvenient Hero (tags)
We should not lose our sense of how the civil rights movement happened, because if we do, younger generations, along with ourselves, will lose a sense of how new opportunities were fought for, and won.
Top Economist: As Pandemic Recedes, a Chance to Rethink Unemployment (tags)
The Chamber of Commerce, for example, has pushed the U.S. to stop expanded unemployment insurance benefits so that people will be forced to return to low-wage jobs. Some Republican-dominated states have jumped on board with this idea.
Public Risks, Private Profits and Prosperity (tags)
All personal and corporate achievements are based on state investments in roads, schools, hospitals, community centers, airwaves, food safety, and water quality. The Apples and Googles of this world are businesses that developed the results of state-financed basic research...
Video: It's Time to Get Radical On Inequality, Stiglitz, 18 min (tags)
We are the least consistent with the American Dream. An economic system that doesn't raise standards is a failure.
On the Solutions of Liberal Economists (tags)
The crisis has shaken economics to its foundations. The neoliberal mainstream has lost its support; economists alternate between self-doubt and arrogance. Once they believed in the rationality of economic actors and markets and the notion that financial management exists to serve the real economy.
New Economic Thinking - Turning Away from the Market Fetish (tags)
"New economic thinking" rejects the view of the person as "homo oeconomicus" reduced to maximization of individual benefits and offers a more comprehensive and realistic concept in which justice, norms, routines and emotions appear. "Homo recipocans" is an alternative.
Economics' sharpest critics regard it as an auxiliary science of astrology, a sect that sings its same little song. Classical authors like John Kenneth Galbraith are finally rediscovered. Exactness is impossible. The coming generation should be protected from mono-cultural ideology
Beyond the Homo Economicus (tags)
The Homo economicus is a kind of calculating machine on two legs that incessantly calculates personal benefits and profit. His conduct follows the model of rational expectations. Incursions of the state will make possible more social equality.
Bretton Woods 2.0: Soros New World Order Conference (tags)
new world order