Political Economy

Marshall Auerback here. Neither the Dodd Bill, nor the House version, will do much to prevent the abuses described in the SEC's lawsuit against Goldman Sachs. Senator Dodd himself acknowledged this fact. Additionally, as Frank Partnoy has…

This isn’t about economics anymore, this is now about who does what, when, and how everyone else reacts. Certainly the news that Greek bonds hit another post-EMU record high yesterday can hardly be said to have come as a surprise. 10-year…

Yves talks about Greece and the sovereign debt crisis in Europe as well as her book "ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism". I saw this interview on Tuesday and thought it was very…

Embedded is a report by Thomas Ferguson and Jie Chen of the Roosevelt Institute which sought to determine the likely cause of the epic Scott brown victory in Massachusetts Senate Race. Their analysis points to economics as the overriding…

I am starting a new list of articles on my reading list which point to the success of what Marshall Auerback calls "The Committee to Save Wall Street," with this Newsweek cover as a contrarian indicator. The point is that the…

The Maginot Line, named after French Minister of Defense André Maginot, was a line of defenses which France constructed along its borders with Germany and Italy after suffering appalling damage and casualties during World War I. The French…

Well, it seems the EU leadership have finally been able to take a decision on what to lend and what to charge (see original post here). According to initial press reports the German government has decided in principal to participate in…

Angela Merkel is a Chemist. In her doctoral thesis - entitled "Untersuchung des Mechanismus von Zerfallsreaktionen mit einfachem Bindungsbruch und Berechnung ihrer Geschwindigkeitskonstanten auf der Grundlage quantenchemischer und…

It seems Ron Paul is on to the Obama neo-liberal con game

I would love to have gone to the Institute of New Economic Thinking (INET) conference in Cambridge, but the timing was wrong for me.  The effort, sponsored by George Soros, is a much needed collaboration of ideas to help prevent a…