Recently Conor published a piece on the Irish shadow banking system and we regularly discuss it here in relation to its role in the Irish economy. So when I read New Left Project’s interview with Ronen…
Tagged By Economics
Money as a Social Construct – Talk Given by Mary Mellor
Here’s a very good talk given by Mary Mellor in Jan 26th 2012 which provides a great overview of her book The Future of Money. The first part of the talk deals with the limits…
Why can’t you just all be a little more German? | Sebastian Dullien
Why can’t you just all be a little more German? | Sebastian Dullien We are often told that countries like Ireland, Greece, Portugal and Spain should be more like Germany. After all, their fiscal prudence…
What’s in a Number? | Donald MacKenzie on the Importance of Libor | LRB
What’s in a Number? | Donald MacKenzie on the Importance of Libor | LRB Donald MacKenzie’s 2008 London Review of Books essay on Libor provides some fascinating detail on the setting of the rate and…
Profit Calls the Tune
Michael Roberts has another long post on the ‘falling rate of profit’ as the prime cause of the Great Recession. Following Jose A Tapia Granados’ paper entitled Does investment call the tune? Empirical evidence and…
To Get Out of its Economic Crisis Europe Needs to Learn from China
Four years into the international financial crisis, it is clear that the economic policies followed in Europe to deal with it have failed to do so. For a long time, there was a refusal to…
Cancel the Greek Debt
This article was originally published on Socialist Economic Bulletin on Saturday the 16th of June. The Greek general election on June 17 presents a clear political choice on whether to continue with the ‘austerity’ measures…
Richard Murphy | Towards a New Tax Consensus
Richard Murphy | Towards a New Tax Consensus The following excerpt is from the Executive summary of a paper on Tax Reform written by Tax Justice advocate Richard Murphy and published by a new UK…
The Economic Consequences for Germany of the Crisis in the Eurozone
This article originally appeared in Socialist Economic Bulletin on Sunday May 27th. Germany derives enormous benefits from the existence of the Euro. As Europe’s most productive major economy, it has a ‘home’ market where currency risks…
The Future of Austerity in Europe
I’m posting this interview that Kate Hudson of Reality Radio did with economist Michael Burke mainly because it covers so much and does so with great clarity. Radio interviews, if done well, can sometimes be…
What Do Bond Markets Think of ‘Austerity’?
The victory of François Hollande in the French Presidential contest provides a further insight into the operation of the bond markets. It is frequently argued that there can be no retreat from ‘austerity’, which in…
Eurozone Debt, Monetary Union and Argentina
Apologies to Michael Roberts of the Next Recession blog for taking such a long quote, but many important points are made. It doesn’t include, however, his argument about why it is unwise to say that…
EU in Crisis Conference: Analysis, Resistance and Alternatives
As the European Union faces an ever-deepening crisis over its economic policies, economists, activists and trade unionists will gather in Brussels on the 5th-6th May 2012 to call for an alternative way forward. More than 250…
Paul Krugman, Steve Keen and the mysticism of Keynesian economics
Paul Krugman, Steve Keen and the mysticism of Keynesian economics Michael Roberts has a good series of posts on the Austerity debate (here and here), which is basically between the Ricardian Equivalence dudes aka “neoliberals”…




