Author Archive

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

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

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

Joseph Stiglitz: Widening the Scope of Economics

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“Markets have clearly not been working the way that their boosters claim. Markets are supposed to be stable, but the global financial crisis showed that they could be very unstable, with devastating consequences.… Continue reading

Video – How Much Food Can You Buy For $5 Around The World?

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Surprise! When the rich get richer, taxes go lower

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In this article Dylan Matthews shows that “the share of income in the U.S. held by the top one percent has grown considerably in recent decades”. However, this is not the case in other countries.… Continue reading

These Skyscrapers Predicted History’s Worst Financial Crises

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Barclays’ Skyscraper Index suggests that construction booms coincide with the beginning of economic downturns. The index even suggests that the rate of increase in height could also reflect the extent of that economic… Continue reading