Last week after the latest European summit, most of the markets were jumping, with the Russell Index rising over 5% on Thursday, Oct. 28. T...

UPDATE: See also Krugman, Ike, Keyserling, Keynes and Kalecki: "Siphoning Off a Part of the Annual Increment of GNP" in response...

Yesterday’s oped can be found here : One attack on a flat tax is that it won't raise enough revenue to fund the government—as if the cur...

The advance estimate for real GDP during the 3rd quarter of 2011 is out showing annualized growth of only 2.5 percent with final sales grow...

Peter Frase reviews the e-book by Erik Brynjolfsson and Andrew McAfee of MIT, Race Against the Machine . Mark Thoma links to a New York Ti...

To no one’s surprise, Rick Perry proposes another variation of the Republican dream of cutting taxes for high income individuals and still ...

Not that anybody has been waiting breathlessly for my opinion, but I’ve finally figured out the single, key demand that OWS should make. ...

Probably not, but suppose you read a newspaper story on the Eurozone crisis that emphasized the solemn obligation of Greece to repay its cr...

Even before last night’s debate Herman Cain replied to his critics. Much of what he says here notes where his tax proposal would replace ot...

The recommendations for boosting the economy from Jan Hatzius and Sven Jari Stehn can be found here where they also advocate more Quantitat...

On October 14, Pierangelo Garegnani, genearlly acknowledged leader of the Sraffian School of economics passed away while attending a confere...

Manu Raju reports on the latest GOP political gimmick: So they’re planning to roll out a jobs plan that amounts to a conservative’s dream a...

It’s tempting to compare our current slump with the Great Depression, but it runs the risk of failing to see how the world has changed over...

This is a hazardous season for the global financial system.  European politicians dither in the face of impending sovereign defaults and a ...

I should begin by saying that I like the idea of being a financial romantic .  But the real reason Paul Krugman is wrong about this hugely ...