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Martín Guzmán, ex ministro de Economía de Argentina, explica cómo el rol del poder debe ser central en la investigación económica, especialmente cuando se trata de deuda soberana.

Cross posted from Thursday, February 28, 2008’s broadcast of Democracy Now!

The thunder from the Greek “No” vote in the referendum on Sunday, July 5 continues to roll around the world.

As the world economy seeks to emerge from the deep recession caused by the pandemic, economic nationalism and isolationism are on the rise. Yet the better response to lower growth and worsening inequality could involve globally-coordinated policy responses that focus on broad based, sustainable economic growth. Now more than ever it is time for a new global economic policy paradigm that can facilitate a strong recovery.

You know the country is in a financial mess when even establishment figures such as Rachel Lomax are calling for revolutionary thinking

Economics can either fuel conflict or pave the way to lasting peace, the choice is ours.

The health crisis afflicting working-class Americans recalls similar symptoms in Russia following the collapse of communism

In Europe and the United States, political and economic breakdowns have become untenable.

A Speaker Series for the Greater Philadelphia Region

An INET organized panel under the auspices of the 2020 Trento Economic Festival

Social safety nets don’t always need to come with a dark side

“To save the economy, you have to save people first, is the title of a paper by Alvelda, Ferguson and Mallery of the Institute for New Economic Thinking. This work groups countries into three categories, according to the response to the covid: those that gave priority to maintaining economic life; those who focused on taking care of health first and those who wanted to be placed in the middle, but did not do either one well. The best economic results correspond to those who prioritized health. They are countries that are in Asia and Oceania, mainly. The worst are in the other two groups. Those who did not define one or the other, got the worst of both worlds: many deaths and great economic damage. What can be done? Alvelda, Ferguson, and Mallery recommend targeted subsidies by regions and sectors hardest hit; guarantee income for workers in non-essential activities and subsidize health safety measures for all those who cannot stop. This means, among other things, public money to make public transport and some massive workplaces more sanitary. Subsidize supervision / surveillance measures in spaces where many people go: shopping centers and places of religious worship, for example.” — Luis Miguel Gonzalez, El Economista (translated from Spanish)

McCloskey discusses the thesis of her recent trilogy, The Bourgeois Era, which holds that the driving force of economic growth in 17th and 18th century Europe was simply liberal ideas.

Incomes Destroyed at the Bottom, Profits Supported at the Top