Filter by
4216 results found
-
BlogOh Me Oh My! MMT Is About!
Here’s an unintentionally hilarious piece by Tim Worstall at Forbes. Watch out, he warns, MMT has come to Washington! Our nation’s capital! No doubt ruin and wastage will follow. Why? Well. Nothing wrong with the theory of Modern Money Theory, he admits. “It’s not actually that I disagree very much with the economics that is [...] -
Blog
Auf Wiedersehen to Austerity?
With the January 25th elections in Greece approaching, Dimitri Papadimitriou writes about the future of Greek policy and the discussions that took place at a recent Levy Institute conference in Athens: At the Athens economics conference, Europe At The Crossroads, the participants were a diverse collection of policymakers, overflowing with disagreements on the very best route to growth. [...] -
Working Paper No. 827Minsky on Banking
In this paper, I examine whether Hyman P. Minsky adopted an endogenous money approach in his early work—at the time that he was first developing his financial instability approach. In an earlier piece (Wray 1992), I closely examined Minsky’s published writings to support the argument that, from his earliest articles in 1957 to his 1986 […] -
Working Paper No. 827
Η προσέγγιση του Minsky για το τραπεζικό σύστημα
Στην παρούσα εργασία διερευνούμε αν στο πρώιμο έργο του ο Hyman Minsky υιοθέτησε μια προσέγγιση του χρήματος ως ενδογενής μεταβλητή την περίοδο που ξεκινούσε την επεξεργασία της υπόθεση της χρηματοπιστωτικής αστάθειας. Σε ένα προγενέστερο κείμενό μου (Wray 1992) εξέτασα αναλυτικά τα δημοσιευμένα κείμενα του Minsky για να στηρίξω το επιχείρημα ότι διατηρούσε με συνέπεια την […] -
Hello 2015. Goodbye Austerity?
The World Post, January 8, 2015. All Rights Reserved. Greece is facing front, looking towards the new year and the upcoming January elections. But it would be foolish not to learn from a look backwards, as well. At the Athens economics conference, Europe At The Crossroads, the participants were a diverse collection of policymakers, overflowing with […] -
MME, January 6, 2015
-
Καλώς ήρθες 2015. Αντίο λιτότητα;
HuffingtonPost.gr, 6 Ιανουάριος 2015. Με επιφύλαξη παντός δικαιώματος. Κοιτάμε προς τα εμπρός, στον νέο χρόνο και τις εκλογές του Ιανουαρίου. Αλλά θα ήταν απερίσκεπτο να μην διδαχθούμε από μια ματιά στο παρελθόν επίσης. Στην οικονομική συνδιάσκεψη «Europe At The Crossroads», συμμετείχε ένα ετερογενές σύνολο διαμορφωτών πολιτικής με πολλές διαφωνίες σχετικά με το ποια είναι η […] -
Working Paper No. 826
Tale of Two Ginis in the United States, 1921–2012
Following a methodology proposed by Jantzen and Volpert (2012), we use IRS Adjusted Gross Income (AGI) data for the United States (1921–2012) to estimate two Gini-like indices representing inequality at the bottom and the top of the income distribution. We also calculate the overall Gini index as a function of the parameters underlying the two […] -
Markets Tank with Greece Poised to Leave the Euro: Ian Masters Interviews Dimitri B. Papadimitriou
Background Briefing with Ian Masters, January 5, 2015. All Rights Reserved. Papadimitriou joins Masters to discuss the upcoming January 25 election in Greece that is likely to bring the anti-austerity left-wing Syriza party to power, sparking fears that Greece will reject the terms of the EU, ECB, and IMF bailouts and exit the euro. Listen to […] -
Working Paper No. 825
Why Does Brazil’s Banking Sector Need Public Banks?
The 2007–8 global financial crisis has shown the failure of private finance to efficiently allocate capital to finance real capital development. The resilience and stability of Brazil’s financial system has received attention, since it navigated relatively smoothly through the Great Recession and the collapse of the shadow banking system. This raises the question of whether it […] -
Working Paper No. 824
Building the Entrepreneurial State
Today, countries around the world are seeking “smart” innovation-led growth, and hoping that this growth is also more “inclusive” and “sustainable” than in the past. This paper argues that such a feat requires rethinking the role of government and public policy in the economy—not only funding the “rate” of innovation, but also envisioning its “direction.” […] -
Working Paper No. 824
Η οικοδόμηση του επιχειρηματικού κράτους
Σήμερα, οι χώρες σε όλο τον κόσμο αναζητούν «έξυπνη» ανάπτυξη, καθοδηγούμενη από την καινοτομία, και ευελπιστούν ότι αυτή η ανάπτυξη θα είναι επίσης πιο «περιεκτική» και «βιώσιμη» από ό, τι στο παρελθόν. Η παρούσα εργασία υποστηρίζει ότι ένα τέτοιο κατόρθωμα απαιτεί επανεξέταση του ρόλου του κράτους και της δημόσιας πολιτικής στην οικονομία, που θα χρηματοδοτεί […]