As everyone knows by now, Quebec is headed into a summer election. The Liberal party is trying to define the election as a choice between democracy or protest. As someone who has studied and taught political science at the highest … Continue reading
Category Archives: liberalism
Pilkington hits a home run
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You should go read it in full I am just going to skip to the money shot: It’s columns like this that demonstrate how technocratic (and anti-democratic) neoclassical economists actually are. They say they like freedom and all that – … Continue reading
I am very rude in comments: Muppets and class
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Just for the record I am very rude in person too. So it is not just the internetz that made me. Warning: Adult content and graphic imagery not suitable for North Americans over the age of 45. And even then … Continue reading
Public Accountability, Central Banks and Fiscal Policy
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Alt title: I am very rude in comments. PS you need to click the link to get the full context. Dear Steve Randy Waldman, I take the silly idea of democratic accountability very seriously, more seriously than most economists take … Continue reading
Discredited economics and the revered economist
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In the wake of the financial crisis of 2007-2008 there was much talk from within and without the economics profession about what went wrong. Many on the outside of the profession viewed the crisis as the result of the slavish … Continue reading
One word I wish liberal economists would stop using
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Natural. As in ‘natural’ rate of unemployment; or as in ‘natural’ rate of interest. Stop, just stop. Importing the word natural into the social sciences mostly makes philosophers and social and political theorists blush. Find another word. Maybe ‘normal,’ ‘trend,’ … Continue reading
Stimulative austerity bearing fruit in Britain? Not. Nor globally
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George Osborne was quick out of the gates with the austerity as stimulus gambit. Which as everybody from myself to Paul Krugman predicted was going to be a flop. Osborne has been trying to save face by arguing that his … Continue reading
The Right Wing Commentariat is getting Desperate
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Just go read Terence Corcoran’s latest in the National Post. Never mind that the world was plunged into economic crisis by unregulated financial institutions and near fully captured regulators; never mind that by most accounts the financial regulatory reform that … Continue reading
Krugman goes ape-shit: “Never Mind what Keynes said.”
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Oy Vey! So buddy (Keynes) writes a whole book and Paul (the apostle?) says never mind that because there is a posthumous model and the rest can be forgotten. It is too bad Keynes never talked about the euthanasia of … Continue reading
Hopeful news
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Paul Krugman is now debating the flank to the left of him with quasi seriousness and respect. Might not seem like much but actually in the context of the last 20 years of mainstream economic debate a fairly remarkable and … Continue reading