Fellowship for economic journalism
The Friends Provident Foundation has just established a Fellowship for UK journalism to produce a âa significant work of long form journalism in any medium on the theme of building resilient...
View ArticleCall for papers for new journal on private debt
The Private Debt Project (this website will become active as of December 2015) invites proposals for articles, papers, and research notes related to the study of private debt and its relationship to...
View ArticleLecture 2 in âBecoming an Economistâ at Kingston University
BecomÂing an EconÂoÂmist is the introÂducÂtory course on ecoÂnomÂics for underÂgradÂuÂates at Kingston UniÂverÂsity. This is the second of 11 lecÂtures in the subÂject; Iâll post the...
View ArticleEdinburgh University Talk: financial instability, endogenous money &...
This talk covers all âthe usual suspectsâ for meâthe Neoclassical obsession with equilibrium, financial instability, the Loanable Funds myth and the reality of Endogenous Money, and the...
View ArticleLecture 3 in Becoming an Economist at Kingston University
This lecture introduce the Austrian school of thought, which is closely related to the Neoclassical mainstreamâin that it shares its utilitarian theory of value, accepts basic supply and demand...
View ArticleEconomists Prove That Capitalism Is Unnecessary
Actually theyâve done no such thing. But they do effectively assume that itâs unnecessary all the time.read more...
View ArticleThe Unnatural Rate Of Interest (Ultra-Wonkish)
Paul Krugmanâs latest columnââCheck Out Our Low, Low (Natural) Ratesâ (which he didnât flag as âWonkishâ, even though it is so in spadesânoted that the ânatural real rate of...
View ArticleBecoming An Economist Lecture 4: Post Keynesians
This lecture covers the Post Keynesian school of thought in economics, focusing mainly on its modern emphasis upon endogenous money, sectoral balances, and Minskyâs Financial Instability Hypothesis....
View ArticleLecture05 Why Economists Disagree: The common blindspot on the Environment
The position of the economy in the environment is a shared blindspot in economics: no existing school handles the topic well, and yet this is the key issue we need to understand. I explain the Laws of...
View ArticleThe Power And The Impotence Of The ECB
Iâve attended two conferences in two days where both the power and the impotence of the European Central Bank (EBC) have been on vivid display.read more...
View ArticleNote To Joe Stiglitz: Banks Originate, Not Intermediate, And Thatâs Why...
I like Joe Stiglitz, both professionally and personally. His Globalization and its Discontents was virtually the only work by a Nobel Laureate economist that I cited favourably in my Debunking...
View ArticleMy Kingston Inaugural Lecture with slides and data
Iâve been Head of School at Kingston University London for over 18 months now, but these things do take time: last Wednesday I gave my inaugural Professorial lecture to an audience of about 200...
View ArticleFor Kingston âBecoming An Economistâ students
Iâm posting videos of lectures given by my Kingston colleagues to the introductory âBecoming an Economistâ course, since the StudySpace software Kingston uses doesnât support MP4 files. The...
View ArticleOur Dysfunctional Monetary System
The great tragedy of the global economic malaise is that it is caused by a shortage of something that is essentially costless to produce: money.read more...
View ArticleHey Joe, Banks Canât Lend Out Reserves
I began another post critical of Joe Stiglitzâs analysis with the caveat that I like Joe. Iâll add to that that I respect his intellect too, both because heâs very brightâyou donât win a...
View ArticleTilting At Windmills: The Faustian Folly Of Quantitative Easing
As I explained in my last post, banks canât âlend out reservesâ under any circumstances, which undermines a major rationale that Central Bank economists gave for undertaking Quantitative Easing...
View ArticleKingston Uni releases monetarily sound forecast model of US Economy
PERG economists are developing a macroeconometric model to track the evolution of the US economy over the medium term, which is 3-5 years:read more...
View ArticleLaughterâthe Worst Medicine
Like many commentators, I regard August 9 2007 as the start of the âGlobal Financial Crisisâ. On that day, BNP Paribas declared that several of its funds were being closed because liquidity in...
View ArticleMacroeconomics of Loanable Funds & Endogenous Money compared using Minsky
The mainstream economic idea that banks are just intermediaries between savers and investors is a fantasy, but given that fantasy, their argument that the level and rate of change of private debt are...
View ArticleSpanish translation of Debunking Economics
I was recently informed that a Spanish translation of Debunking Economics is now available via Amazon Spain, under the title âLa EconomÃa Desenmascaradaâread more...
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