EconoSpeak
Monday, May 1, 2017

Shorter hours -- If not now, when?

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The litany of shorter work week prophecy is prodigious. Keynes famously predicted a 15-hour work week for "our grandchildren" in 1...
Friday, April 28, 2017

Is Authoritarian Nationalism Mostly A Rural Phenomenon?

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Offhand it looks like maybe it is.  In the US Trump won overwhelmingly in rural areas while losing all of the largest cities.  Yes, he took ...
24 comments:

Reader Mail and Rand A'Pauling

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Responding to my post chastising Woodford for (in effect) assuming that housing prices prior to the unwinding contained no bubble component,...
3 comments:
Thursday, April 27, 2017

Financial Times Messes Up On Italy

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I have for a long time thought the Financial Times to be the best newspaper in the world, but now I am going to play Dean Baker beating the ...
4 comments:
Wednesday, April 26, 2017

Poland: "What Are These People Complaining About?"

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Thus spake Jeffrey Sachs in January 1994 at the ASSA/AEA meetings shortly after the Solidarity government of Lech Walesa was defeated in an ...
3 comments:

Learning from The Great Recession....NOT

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I have been teaching Michael Woodford's "Financial Intermediation and Macroeconomic Analysis" (JEP) in my money and banking cl...
2 comments:
Tuesday, April 25, 2017

Gibberish

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Repeat after me: The world is not a zero-sum game. Technology often creates more jobs than it destroys. The number of jobs in the economy d...
Tuesday, April 18, 2017

Turkey And The Trend To Authoritarianism

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The big surprise in the Turkish referendum to make Turkey a presidential system was not that Erdogan's side won, but that it was close e...
5 comments:
Monday, April 17, 2017

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It was actually quite amusing to see an article in my provincial newspaper a while back where two sides were arguing about a reduction ...
Sunday, April 16, 2017

The Mopani Copper Mine in Zambia – Role Model for Trump’s Infrastructure Investment?

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Frik Els wrote last year on what on the surface might seem as good news for Zambia: Last week Glencore announced plans to invest more than...
3 comments:
Saturday, April 15, 2017

Noah Smith: "Why the 101 model doesn't work for labor markets"

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At Noahpinion : A lot of people have trouble wrapping their heads around the idea that the basic "Econ 101" model - the undiffer...
7 comments:

Trump and the Ex-Im Bank

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Reuters reports: President Donald Trump plans to revive the hobbled Export-Import Bank of the United States, his office said, a victory fo...

Italy And The Future Of The European Union

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Given that Trumpfreakout may guarantee relatively pro-EU politicians winning in France and Germany in the near term (France less certain tha...
2 comments:
Friday, April 14, 2017

Boundless Thirst for Surplus-Labor

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September 22, 1956 November 7, 1960 QUESTION. This is from Mr. White, Warren, Mich.  What is your stand on the 32-hour workweek? ...
4 comments:
Thursday, April 13, 2017

Trump's Road To Damascus Moment

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This is a bragging post, how I was right all along in numerous venues, if not in a full-blown post, about what would happen to the US-Russia...
2 comments:
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