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This paper presents a theory of pseudo-wealth in a model that displays aggregate demand externalities.

We analyse the link between income distribution and the current account for the period 1972-2007. We find that rising (top-end) personal inequality leads to a decrease of the current account, ceteris paribus.

There’s more to the census than demographics.

Entangling alliances or entangling leagues are nothing to the entanglements of cash owing—Keynes

I was just amused with two projects by Shaun Usher: to “gather and sort fascinating letters, postcards, telegrams, faxes, and memos” in his blog Letters of Note, and to present interesting letterheads in his Letterheadyblog.

Thirty Years of Indian Economic Reforms: Assessing the Growth and Development of Kerala

On my way back home from the Brandenburger Tor, I recalled that I already have been there, it must have been in 1988.

By 1812 the U.S. already had more business corporations than any other country and possibly more than all other countries combined.

Can big data strengthen global inclusivity and trust? Information exchange has historically been the most powerful tool at humanity’s disposal, so what makes data different? Dr. Long Chen (Luohan Academy) discusses his latest report “Understanding Big Data: Data Calculus In The Digital Era” which is available for download at https://www.luohanacademy.com/researc…

Lance Taylor responds to Andrew Smithers’s comment on his INET working paper, “Germany and China Have Savings Gluts, the USA Is a Sump: So What?”

How Gerald Friedman’s assessment of Bernie Sanders economic proposals prompted a rare public political spat among economists.

There has been an important movement towards making available on the web a host of open courses.

Bank failures don’t threaten most deposits, but they do threaten jobs