Articles

In his two-tome, 1400 page Dutch Leerboek der Staathuishoudkunde (Textbook of Economics), first published in 1884, Nicolaas Pierson (1839 - 1909) accuses the great Scotsman of being a communist – or at least of consciously clearing the way for the socialists with their ideal of a communist society.

As a matter of accounting, if the U.S. as a whole buys from the rest of the world more than it sells to the rest of the world, then it must, on net, also be borrowing from the rest of the world. Perry has previously put this into a money-view context.

Bailout, Default, or Plan C

Taking a quick break from my work in the Samuelson archives – so fascinating, believe me! – I can’t resist sharing the following, which I found in his correspondence files.

War Reparations, or Prosperity

There are a lot of universities represented here, but who are the most likely candidates for participation and who might one expect INET to be interested in?

The Bretton Woods conference has a protean character.Talk in the corridors asks “what is it?” Some in the press (lots of press here) believe that deals are being made, the attendance of heavy hitters leads some to believe that consultations and strategies are being outlined for world government (Summers, Stiglitz, Brown, and yesterday Volcker arrived to close the event).

Or Does It?

A Money View

Saving the (International) Dollar