economics

Created
Mon, 23/06/2025 - 01:02
. One of the most valuable contributions of Modern Monetary Theory (MMT)—particularly from a European perspective—is how clearly it exposes the fundamental flaws of the euro experiment. The neoliberal dream of a supranational currency detached from national fiscal sovereignty simply does not align with economic or political reality. In times of crisis, a state must […]
Created
Sun, 22/06/2025 - 18:39
The parallelism between economic laissez-faire and Darwinianism … is very close indeed. Darwin invoked sexual love, acting through sexual selection, as an adjutant to natural selection by competition, to direct evolution along lines which should be desirable as well as effective, so the individualist invokes the love of money, acting through the pursuit of profit, […]
Created
Wed, 18/06/2025 - 07:56
Givet de omfattande behoven är det inte underligt att allt fler röster höjs för en mer expansiv finanspolitik. Det tidigare överskottsmålet, vars syfte var att skapa en buffert för kommande ekonomiska kriser, har nyligen slopats vilket frigör 20–25 miljarder kronor. Likaså har en ökad statlig upplåning redan aviserats, till exempel vad gäller kärnkraft och försvar. Risken […]
Created
Sat, 21/06/2025 - 03:45
. As always, Murphy’s video masterfully distils abstract economic concepts into clear, jargon-free explanations, making complex issues accessible to non-experts and relevant to everyday life. In so-called ‘modern’ macroeconomics—whether in the form of Dynamic Stochastic General Equilibrium (DSGE), the New Synthesis, New Classical, or ‘New Keynesian’ models — economic variables are treated as if they […]
Created
Wed, 18/06/2025 - 04:16
15th of May 2025 As John Lanchester recently remarked (LRB 27 April 2025) ‘However little money there is for anything else, there’s always enough money for a war’. The failures of neoliberal economics threaten all kinds of political backlashes, some of which have already been seen in the nationalist turn of international relations. ‘Military Keynesianism’ … Continue reading Military Keynesianism?
Created
Fri, 13/06/2025 - 18:02
Let me state my two main conclusions. First, starting from sharply different views, there has been substantial convergence, both in terms of methodology and in terms of architecture. Second, this convergence has been mostly in the right direction, allowing future research to build on the existing conceptual structure. Put strongly, macroeconomics may have a claim […]