comments on RWER issue no 78
Leave a Reply Cancel reply
RWER 26,498 subscribers
Regular Contributors
Comments on recent RWER issues
Real World Economics Review
————– WEA Paperbacks ————– ———– available at low prices ———– ————- on most Amazons ————-
Edward Fullbrook and Jamie Morgan
————— Michael Hudson ————–
Maria Alejandra Madi / Jack Reardon
—————— Steve Keen —————–
————— Richard Smith —————
————– Gustavo Marques————
– Victor Beker and Beniamino Moro –
————– Lars Pålsson Syll ————-
—————– Stuart Birks —————-
Edward Fullbrook and Jamie Morgan
————- Edward Fullbrook ————-
follow this blog on Twitter
WEA Periodicals
----- World Economics Association ----- founded 2011 – today 13,800 members
Recent Comments
- Ken Zimmerman on This is the end—or is it?
- Egmont Kakarot-Handtke on This is the end—or is it?
- robert locke on This is the end—or is it?
- Risk Analyst on Mainstream monetary theory — neat, plausible, and utterly wrong
- Craig on Mainstream monetary theory — neat, plausible, and utterly wrong
- Risk Analyst on Mainstream monetary theory — neat, plausible, and utterly wrong
- Grayce on The Republican thieves who stole health care
- Craig on Mainstream monetary theory — neat, plausible, and utterly wrong
- Craig on Mainstream monetary theory — neat, plausible, and utterly wrong
- Risk Analyst on Mainstream monetary theory — neat, plausible, and utterly wrong
- peggydobbins on Mainstream monetary theory — neat, plausible, and utterly wrong
- Pavlos Papageorgiou on Mainstream monetary theory — neat, plausible, and utterly wrong
- Pavlos Papageorgiou on Mainstream monetary theory — neat, plausible, and utterly wrong
- Craig on Mainstream monetary theory — neat, plausible, and utterly wrong
- peggydobbins on Mainstream monetary theory — neat, plausible, and utterly wrong
Comments on issue 74 - repaired
Comments on RWER issues
WEA Online Conferences
—- Forthcoming WEA Paperbacks —-
———— Armando Ochangco ———-
Shimshon Bichler / Jonathan Nitzan
————— Mauro Gallegati ————–
————— Herman Daly —————-
————— Asad Zaman —————
—————– C. T. Kurien —————
————— Robert Locke —————-
Guidelines for Comments
• This blog is renowned for its high level of comment discussion. These guidelines exist to further that reputation.
• Engage with the arguments of the post and of your fellow discussants.
• Try not to flood discussion threads with only your comments.
• Do not post slight variations of the same comment under multiple posts.
• Show your fellow discussants the same courtesy you would if you were sitting around a table with them.
Top Posts and Pages- last 48 hours
- This is the end—or is it?
- new issue of Real-World Economics Review
- Mainstream monetary theory — neat, plausible, and utterly wrong
- Comments on RWER issue no 80
- Summary of the Great Transformation by Polanyi
- The 15 largest arms exporters per capita
- Ed Leamer and the pitfalls of econometrics
- Finally: U-6 unemployment in Europe (chart)
- What is Post Keynesian Economics?
- Brexit, don’t forget how we got here
Most downloaded RWER papers
- Why some countries are poor and some rich: a non-Eurocentric view (Deniz Kellecioglu)
- Trade and inequality: The role of economists (Dean Baker)
- The state of China’s economy 2009 (James Angresano)
- New thinking on poverty (Paul Shaffer)
- What Is Neoclassical Economics? (Christian Arnsperger and Yanis Varoufakis)
- The housing bubble and the financial crisis (Dean Baker)
- Global finance in crisis (Jacques Sapir)
- Green capitalism: the god that failed (Richard Smith)
- Debunking the theory of the firm—a chronology (Steve Keen and Russell Standish)
Family Links
- C. P. Chandrasekhar’s Blog
- David Ruccio’s Blog
- Dean Baker – Beat the Press
- Jayati Ghosh’s Blog
- Lars Syll's Blog
- Mark Weisbrot
- Norbert Haering' Blog
- real-world economics review
- Steve Keen’s Debtwatch
- The Progressive Economics Forum
- The Radford Free Press
- Thomas Palley
- WEA Pedagogy Bog
- WEA Young Economists Network
Contact
follow this blog on Twitter
RWER Board of Editors
Nicola Acocella (Italy, University of Rome) Robert Costanza (USA, Portland State University) Wolfgang Drechsler ( Estonia, Tallinn University of Technology) Kevin Gallagher (USA, Boston University) Jo Marie Griesgraber (USA, New Rules for Global Finance Coalition) Bernard Guerrien (France, Université Paris 1 Panthéon-Sorbonne) Michael Hudson (USA, University of Missouri at Kansas City) Frederic S. Lee (USA, University of Missouri at Kansas City) Anne Mayhew (USA, University of Tennessee) Gustavo Marqués (Argentina, Universidad de Buenos Aires) Julie A. Nelson (USA, University of Massachusetts, Boston) Paul Ormerod (UK, Volterra Consulting) Richard Parker (USA, Harvard University) Ann Pettifor (UK, Policy Research in Macroeconomics) Alicia Puyana (Mexico, Latin American School of Social Sciences) Jacques Sapir (France, École des hautes études en sciences socials) Peter Söderbaum (Sweden, School of Sustainable Development of Society and Technology) Peter Radford (USA, The Radford Free Press) David Ruccio (USA, Notre Dame University) Immanuel Wallerstein (USA, Yale University)
Revere Award in Economics
Dynamite Prize for Economics
Blog Authors
- anmayhew
- Asad Zaman
- Lewis L. Smith
- bruceedmonds
- Kevin P. Gallagher
- deanbaker1
- Steve Keen
- Deniz Kellecioglu
- David F. Ruccio
- donaldgillies
- Peter Dorman
- Editor
- frankackerman
- frankrotering
- Edward Fullbrook
- iettogg
- jamieamorgan
- Jim Stanford
- julieanelson
- Lars Syll
- Maria Alejandra Madi
- Mark Weisbrot
- merijntknibbe
- njhaering
- paul davidson
- Juan Pablo Pardo-Guerra
- Peter Earl
- pesod
- peterradford
- paul ormerod
- Peter Earl
- staveren
Anne Mayhew observes that ‘seeing humans as members of communities whose place in a larger world has been fundamentally altered by globalization and the internet, makes [economic] measures insufficient’. I find this recognition of place and community to be helpful in three senses. First, ‘place’, in the social sense of community, puts flesh on the bones of what otherwise would be a rather too-dry account of social reproduction as a purely economic process – by adding to this a sensitivity to locality, social linkage and even (maybe crucially) compassion. Second, framing issues in such a manner gets us away from the condescending and downright wrong description of voters in terms of being ‘left behind’ – as if they would rather like to join the cosmopolitan world and, with some effort, could be helped to. On the contrary, they reject what some scornfully have described as ‘anywhere’ mentalities and lifestyles. Third, ‘place’ as a pivot for thinking usefully challenges those of us who, whilst we are appalled by Trump, Brexit and similar phenomena, nevertheless have our own critiques over globalism/neoliberalism. How to reconnect?
Marshall Auerback introduces a thought experiment of a one-man economy. He claims that this single producer/consumer would never trade because, in doing so, he will never consume. But the argument is fallacious. Dr. Auerback does not describe trade; he describes throwing money into the trash can. In principle, whoever this producer would trade with may also be willing to purchase the single-man’s goods and thus both are made better off. In fact, if this thought experiment were true, no one anywhere ever would trade with anyone else; we’d all be subsistence farmers and the economy grinds to a halt.