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New papers on economic dynamics and complexity!

Some new papers from a workshop on economic dynamics and complexity. Thanks to Artur Tarassow of the University of Hamburg, an organizer of the conference from the University of Hamburg. Some of these academic papers address issues related to matters covered in this blog in various ways, including financial fragility. Among other contributions of interest,

30 May 2016
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A heterodox theorist puts it all in print

Anwar Shaikh, economist at the New School for Social Research, discusses his new book, the type of economics he teaches, and how the latter differs from the standard material usually taught in high school, college, and graduate school in the US in this interview in a New School blog. His book, which I look forward to

26 May 2016
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Some fiscal inklings on the Democratic primary contest

Earlier this week, I discussed some fiscal policy ideas from Donald Trump that emerged in an interview with MSNBC. I mused at the end of my piece that a Democratic Keynesian movement might be needed. However, I left out any mention of the Democrats’ fiscal plans, though the controversy over Sanders’s spending plans was a

12 May 2016
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Trump on federal debt “discounts”: an ex post

It appears few if any observers agree with my interpretation of Donald Trump’s idea for dealing with the federal debt, which was based on early reports. It seemed to me from a post on the New York Times’s Upshot that the policy idea would be to enter into novel debt contracts allowing the government to reduce

07 May 2016
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Non-bad macro policy ideas in Trump interview

What would macro policy be like in a Donald Trump administration?  In a recent CNBC interview, Trump elaborated on his views on both monetary and fiscal policy. The New York Times’s Upshot analyzes the views expressed by Trump: a phone interview with CNBC on Thursday, he showed both the strengths and limitations of this background

07 May 2016
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A big milestone

I rarely digress from economics and economic policy in this blog, but very few people live to be 100 years old. My grandfather, Fred Hannsgen, recently enjoyed a birthday gift of a major league baseball game with relatives, including my parents.  It was a very rare treat for all, including Grandpa, a serious fan and

02 May 2016
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Re-emergent in the campaign discourse—an anti-bigness theme

The New Yorker notes that anti-trust law (which concentrates on combating the ills of monopoly power) has been a theme in the presidential campaigns of both Democrats and Republicans this primary season. The article notes that this theme was large for economic republicans, whose ideas were important in the early (19th century) politics of the

25 Apr 2016
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Pelosi Pay-go and Republican Voodoo both wrongheaded

A New York Times op-ed by House speaker Nancy Pelosi  argues that the lack of  “paygo” principle (each spending increase must be “paid for”) in the Congressional budget violates an unstated budgetary mathematics which is purportedly the same as the one that applies to you and me. Hence, she opposes this budget, even though some

22 Mar 2016
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The Myth of the Lehman sisters? A debunker speaks

Evolutionary psychologist Cordelia Fine of Melbourne University is known as a keen debunker of myths. She was at the State University of New York at New Paltz’s Coykendall Science Building last night bringing her formidable abilities to bear on risky behavior in finance. Is it at least partly rooted in behavior by men that is

17 Mar 2016
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Outstanding corporate bond debt still trending upward

I’ve blogged before on the boom in bond issuance by the U.S. nonfinancial private sector. Here is a figure that uses data from the new (2015Q4) Federal Reserve flow-of-funds data release of this past week: Link to figure at St. Louis Fed site. https://research.stlouisfed.org/fred2/graph/fredgraph.png?g=3M4g In the figure, the amounts outstanding are divided by nominal GDP.

13 Mar 2016
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