Tags » Macroeconomics

Are we in a 'long depression?' If so, what can be done?

Michael Roberts, author of the recently published The Long Depression, is a Marxist economist working in the City of London, and he blogs here… 1,227 more words

Political Economy

Japan, Abenomics and moving beyond Keynesianism forever

The Japanese government yesterday announced a fiscal stimulus for the economy of 28 trillion yen, or $275bn. Although much of this money is not new, it has been hailed as leading the way against austerity and towards expanding demand.  641 more words

Political Economy

Here comes summer – Did you sell in May?

Macro Letter – No 56 – 10-06-2016

Here comes summer – Did you sell in May?

The levee gonna break - Debt, demographics, productivity and financialization

Macro Letter – No 55 – 20-05-2016

The levee gonna break – Debt, demographics, productivity and financialization

  • Debt and leverage since the financial crisis has continued to rise…
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4th trisem

Yesterday marked actual end of 3rd trisem. We complete pending project work related to ENT (slides on business plan), Operational research (Monte carlo simulation & distribution system design), international marketing (Indian Coffee). 103 more words


The Fed Sends A Frightening Letter To JPMorgan, Corporate Media Yawns

Yesterday the Federal Reserve released a 19-page letter that it and the FDIC had issued to Jamie Dimon, the Chairman and CEO of JPMorgan Chase, on April 12 as a result of its failure to present a credible plan for winding itself down if the bank failed. 1,415 more words


Keynes, effective demand and the future of capitalism

John Maynard Keynes, writing in his General Theory, claims that his theory was

“adequate to explain the outstanding feature of our actual experience; namely, that we oscillate, avoiding the gravest extremes of fluctuation in employment and prices in both directions, round an intermediate position appreciably below full employment and appreciably above the minimum employment a decline below which would endanger life … we must not conclude that the mean position thus determined by ‘natural’ tendencies, namely by those tendencies which are likely to persist, failing measures expressly designed to correct them, is, therefore, established by laws of necessity.

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Political Economy