Tags » Economic History

The Interaction of Economists and Money Cranks in the Depression Years

Yesterday I ran a post that briefly delved into the connection between Keynes and the money cranks of the 1920s and 1930s. There I showed that Keynes’ ideas cannot be said to have been influenced in any substantial way by the money cranks. 1,166 more words

Economic Theory


Weather Report 04172014

Current Positions  (No Changes)

I(Intl) – exit; S(Small Cap) – exit; C(S&P) –exit

F(bonds) – up to 80%; G (money market) – remainder… 2,040 more words


The Yield Curve and Recessions: Against US-Centricism

One of the nicest stylised facts in applied economics is that if the Fed inverts the yield curve it will cause a recession. Inverting the yield curve basically means that the Fed hikes the short-term interest rate goes higher than the long-term interest rate. 1,000 more words

Economic Theory

The Great Desolation or the ruin of England's countryside. Oliver Goldsmith's deserted village revisited.

Whenever I write about economics; I like many writers look to my own experience to comprehend the changes that have taken place in our society. Frequently I look back to my childhood for inspiration partly for reasons of nostalgia, but also because I mourn a way of life that has passed. 1,546 more words


Pogrom-Driven Migration: The Case of Kalarash

Were Jewish immigrants from the Pale of Settlement to the United States really driven by pogroms? This is a question with which I deal empirically, using data on migration and on events of anti-Jewish violence. 3,191 more words

Jewish History

Assessing the New Deal

I’ve been meaning to read Robert A. Caro’s biography of Lyndon Johnson since I noticed a review in the London Times said it set the standards for political biography. 441 more words

The British Financial Account 2002-2012

Today I published an article on The Guardian’s website entitled The left needs a deft touch in tackling the financial sector’s dominance. In the article I made the case that the value of the sterling is inherently tied up with inflows of foreign capital. 431 more words

Economic Policy