Articles

A federal government guarantee or 100% reserve banking? Which is better?

A model that captures key vulnerabilities and structural weaknesses of developing countries’ trade and production structures.

The contrasting ideologies at play in this tech sector mirror the conflicting ideologies in economics

On the passing away of Luigi Pasinetti

Possible repercussions of economic crisis on the stability of democracies that already show significant signs of fragility

How Showering Money on Both Parties Paralyzed Regulators

Despite the accumulation of serious and unsolvable problems, the Consumer Welfare Standard survives and continues to be taught to students for reasons unrelated to theoretical consistency and empirical confirmation.

The current energy market structures, including the short-run-marginal-price-on-all nature of the current wholesale market, are not fit for a transition to a renewables-dominated system.

Quels sont les problèmes à long terme qui doivent être résolus et quelles sont les solutions disponibles?

In a new book, Alligators in the Arctic and How To Avoid Them, Peter Dorman shows how flawed academic models, faulty assumptions and unrealistic schemes grossly underestimate what’s needed to stop catastrophic warming. He argues for a straightforward carbon emission budget – plus the active citizenship required to fight big businesses that want to keep doing business as usual. Lynn Parramore explores his findings and talks to the economist about the path forward.