Archive
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Article
Was Adam Smith a communist?
Jun 22, 2011
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.
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Article
Brinkmanship or Statesmanship?
Jun 21, 2011
The Political Economy of Debt
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Article
Shocks
Jun 21, 2011
The financial and economic crises started by the fall of Lehman Borthers came as a big shock, a financial shock, an economic shock, a psychological shock, and a political shock among others.
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Article
A Cold Case
Jun 20, 2011
Some time ago, my colleague and dear friend (nevertheless!) Loïc Charles wrote on the previous version of the Playground, a very nice and intriguing post on Samuelson’s introductory textbook, Economics, and TV Series.
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Article
Are banks firms? (continued)
Jun 15, 2011
Liquidity versus Solvency
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Video
Microfoundations for the Vision of Minsky
Jun 12, 2011
Delli Gatti starts where his dissertation advisor, Hyman Minsky, left off.
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Article
Are banks firms?
Jun 11, 2011
New Thinking about Modigliani-Miller
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Article
Chinese property: a money view
Jun 9, 2011
The Chinese property market may finally be boiling over; there are certainly enough signs that the bubble is ready to burst.
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Article
Kansas City-style Financial Reform
Jun 4, 2011
A New Glass-Steagall?
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Article
Single-tranche open market operations: there's a bigger picture
May 30, 2011
We continue to learn about what the Fed did during the crisis.
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Article
International money, take 1
May 24, 2011
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.
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Article
New Economic Thinking on Greece
May 21, 2011
Bailout, Default, or Plan C
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Article
The New Lombard Street
May 18, 2011
Further Thoughts
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Article
In the Crosshairs
May 14, 2011
Sense about Social Security
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Article
Shadow money, still contracting
May 10, 2011
These days, one hears worries of impending inflation.