Some interesting new economics links

Cyber economists: Soon Ryoo’s site Soon Ryoo’s research page, with plenty of free paper downloads—for initiates or those who are curious about research on the propertes of heterodox models. Ryoo is among those who have attempted to come up with Minsky’s financial fragility hypothesis in the context of an up-to-date model in equations, while he remains

21 Nov 2016

New interactive dynamical systems from Kansas City conference

In the wee hours of last Tuesday morning, I returned from the 2016 International Post Keynesian Conference in Kansas City, Missouri, in the United States of course. (Conference webpage for the curious). My coauthor, Tai Young-Taft of Bard College at Simon’s Rock, and I each presented one paper. I presented a paper dealing with the

20 Sep 2016

A model of the economy for the ecologically minded

Neoclassical (mainstream) environmental economics mostly works within a standard and very confining framework. For example: (1) it is not truly Keynesian in the sense understood by Keynes himself; (2) It mostly denies that there are resources for which there are no substitutes (for example, fresh water, which has a unique biological role); (3) it overly

24 Aug 2016

Negative interest rates are not sufficient

In a post published last month, we saw Tom Palley and this blogger getting it mostly right about how pre-Keynesian thinking was impairing policymakers’ ability to see beyond interest-rate policy when dealing with less-than-perfect growth and job creation. (Yields on many government bonds are now below zero.) Those who read Palley’s article will remember that

08 Aug 2016

Update: Viewing the interactive CDFs on this site

We posted about efforts to test the visibility of embedded interactive CDF content on our site in a post of a few days ago. After some additional work, we are releasing a new page dedicated to tips on ways you can view these CDFs, including recommended browser programs, etc. We hope the new page is helpful to

03 Aug 2016

CDF Update: technical improvements to interactive dynamical systems

We can now update our earlier reports about our work to improve the visibility and functionality of our embedded Wolfram CDF content for you, the viewer. We have worked on JavaScript embedding code and believe we have managed to improve the visibility of the CDF below in Internet Explorer (IE download page). Earlier versions of

26 Jul 2016

The world of NIRP

We have entered the era of negative interest rates, with over $11 trillion in sovereign bonds now paying such rates. This situation results in part from deliberate actions of central banks around the world to deal with deflationary conditions. Tom Palley criticizes negative interest rate policy (NIRP) as a macro policy in a new paper

01 Jul 2016

CDF up-date: A new interactive dynamical system with government debt

First, a return to the topic of functionality of CDFs on this site. (CDFs come in two forms: web-embedded and downloadable, free-standing files.) In performing maintenance on this blog, I have taken down an embedded jumbo CDF that was not running with the Firefox browser. Experimentation with other browsers indicate that some cannot at present

27 Jun 2016

More on decision amidst crisis

Yesterday, I mentioned and linked to a 2015 piece by Yanis Varoufakis clearing outlining how monetary union had inevitably wrought terrible economic destruction in the eurozone. The article argued that nonetheless Europe should be reluctant to abandon the European project. As the UK votes, a post by Mark Weisbrot of the Center for Economic Policy

23 Jun 2016

New links on tastes, Europe’s crisis, and more

“What It Is Like to Like”: Louis Menand in the New Yorker on tastes. Economists have differing views in their importance as determinants of prices over the long run. Crude models used by mainstream economists generally hold “tastes” (preferences that govern purchases) constant as other variables are allowed to move. Institutionalists and post-Keynesian economists have

22 Jun 2016
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