“TheKosovisationofGreece”, byAmbroseEvans-Pritchard, THETELEGRAPH | YanisVaroufakis http://feedly.com/k/138JL8t shared via http://feedly.com Seguir leyendo “The Kosovisation of Greece”, by Ambrose Evans-Pritchard, THE TELEGRAPH | Yanis Varoufakis

EmpiricalEvidenceonEndogenousMoney http://socialdemocracy21stcentury.blogspot.com/2013/08/empirical–evidence–on–endogenous–money.html The empirical and statistical evidence on the direction of causality from loans to deposits is given by these studies, which are surveyed by Howells (2006: 59–62): (1) Moore, B. J. 1988. HorizontalistsandVerticalists: TheMacroeconomicsofCreditMoney. Cambridge University Press, Cambridge and New York. pp. 162–163. Moore uses the Granger and Sims causality test on loans and measures of the US money supply from 1974 to 1980. … Seguir leyendo Empirical Evidence on Endogenous Money

HAY QUE MIRÁRSELO http://lavozdebida.wordpress.com/2013/08/10/hay-que-mirarselo “Hemos ido más allá de una mala doctrina económica. Hemos ido incluso más allá del egoísmo y los intereses creados. A estas alturas, hablamos de una mentalidad que se regodea infligiendo más sufrimiento a los que ya están destrozados” “Por lo visto, es perfectamente correcto robar el dinero a los ciudadanos a punta de pistola y obligarles a dárselo a las … Seguir leyendo HAY QUE MIRÁRSELO

China FactoriesTurntoUndocumented Labor as Local WagesJump – Bloomberg http://feedly.com/k/17ebpOu shared via http://feedly.com Seguir leyendo China Factories Turn to Undocumented Labor as Local Wages Jump – Bloomberg

Distributionalconsequencesof natural-resourcebooms: Lessonsfrom Australia | vox http://feedly.com/k/1bjMImB shared via http://feedly.com Seguir leyendo Distributional consequences of natural-resource booms: Lessons from Australia | vox

La subida de los salarios se debe basar en razones de Justicia y no en razones utilitaristas como hace este artículo, que por otra parte son bastante dudosas. WagesintheUSremainsuppressed http://feedly.com/k/1bjPuse One of the key reasons for the mediocre economic growth in the US has been the ongoing weakness in household wages. As the chart below shows, US median inflation-adjusted household income (red line) remains well … Seguir leyendo Wages in the US remain suppressed

Juan Ramón Rallo’sMonetaryEquilibriumRate http://socialdemocracy21stcentury.blogspot.com/2013/08/juan–ramon–rallos–monetary–equilibrium.html Juan Ramón Rallo explains it here: Juan Ramón Rallo, “A vueltas con el tipo de interés natural,” 9 August. According to this, Sraffa’s natural rate, “would be the interest rate that would prevail in a barter economy; the second [sc. interest rate] (mine) would be the intertemporal equilibrium rate for terms and risk (yield curve) that would prevail in a monetary … Seguir leyendo Juan Ramón Rallo’s Monetary Equilibrium Rate