Monthly Archive: June, 2013

A History of Austerity

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Statistical errors, moral arguments, confidence fairy, blurry causal relationship, Keynesian policies and an italian economist. A History of Austerity, the protagonist of Europe by Robert Skidelsky. Go to the article.

What is Wrong (and Right) in Economics

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A must read interview with Dani Rodrik, professor of International Political Economy at Harvard University, discussing on the state of Economics. Professor Rodrik gives his view on pluralism, mainstream economics and ideology in… Continue reading

Krugman il tifoso di Totti

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Paul Krugman è un tifoso da stadio. Questa è la visione di Luigi Zingales, professore presso la University of Chicago Booth School of Business, secondo il quale “da editorialista del New York Times [Krugman] si è… Continue reading

Ending poverty?

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Ending poverty by 2030. This is the new goal of the World Bank. Jim Yong Kim, the current president of the Washington based institution, has called the finance ministers and central bankers who… Continue reading

Turkey: how an Economic Boom can be a Tinderbox

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According to some indicators, Turkish economy seems healthier than the one of other more advanced countries. During the last decade Turkey grew at a sustained pace with an average 5% GDP increase per… Continue reading

Build a bridge, Sam!

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The thing we would typically worry about with high deficits, namely high interest rates, is not happening. Interest rates are actually negative (“it means markets are so nervous that they will literally pay us… Continue reading

Keynes’ sexuality and the long run

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John Maynard Keynes was bisexual and never had any children. Should this be of any importance to you? Well, according to Harvard Professor Niall Ferguson, it should. He claims that Keynes was wrong because… Continue reading

Sorry, we made a mistake

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Finally, the International Monetary Fund admits: we failed to realise the damage austerity would do to Greece. The IMF had originally predicted Greek economy would contract by just 5.5% between 2009 and 2012 but… Continue reading

Why are Markets so Nervous?

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Financial markets showed how unstable they can be during the last crisis. We don’t need any more confirmation to that. However investors have recently proved to be extremely nervous. Something is worrying them… Continue reading

Austerity and Demoralization

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Does austerity improve morale? According to people such as the British Prime Minister David Cameron, or the US congressman Paul Ryan, the answer is yes. They claim that austerity measures reduce welfare dependency… Continue reading