"... the 2007 US sanctions against Iranian banks ironically ensured Iran's immunity from the global financial crisis that was about...

Recently the new president of the Minneapolis Fed, Narayana Kotcherlakota, also at the U. of Minnesota, and a longtime advocate of DSGE mode...

At the Summer Institute on History of Economics held a week ago or so at the University of Richmond, 90-year old Chicago Ph.D. (and Nobelist...

Here are two snippets regarding the replacement of public provision of services with less desirable private sources. Kaplan University has a...

Maybe not, but it’s worth a look. The basic idea is that, leaving aside prices (which are flat or falling out to the horizon), fiscal polic...

Science Daily reports that May had the highest average global temperature on record with June quite likely to join it. Nevertheless, in h...

This is a bit delayed, but WaPo only had the obit today. Anyway, on June 3, Vladimir Igorevich Arnol'd died of peritonitis in Paris at ...

Chapter 16 of the General Theory argued: If — for whatever reason — the rate of interest cannot fall as fast as the marginal efficiency of...

Dean Baker criticizes the Federal deficit hawks fixation on cutting Social Security benefits. Well done! The Federal deficit problem is m...

We aren’t going to see these stimuli, but even if we did, the status quo ante was and remains untenable. We’re reminded of this by Richard ...

You would think after all the ink that has been spilled over the mortgage meltdown that the Times would get the basic story right. But no....

I am sorting and packing at the moment, and I came across an essay I wrote as an undergraduate at the University of Wisconsin in 1975. (I h...

PK continues to fight the good fight for Keynesian common sense in the face of resurgent austerity. The austerity front, which brings toge...

I just had an insight, and maybe you can tell me if I am right or wrong. It's about Germany mainly, although other countries might qual...

BP and the Obama Administration came to an agreement that BP would put $20 billion in an escrow account as partial payment for the damages t...