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Big fan of this article for @AreoMagazine. Thanks to @HPluckrose for letting me check it out early areomagazine.com/2019/08/16/con…
Greg Mankiw on the Phillips Curve: Yes, There Is a Trade-Off Between Inflation and Unemployment nyti.ms/2YPFYyJ
nytimes.com
Yes, There Is a Trade-Off Between Inflation and Unemployment (Published 2019)
With unemployment and inflation now low, it might seem that their relationship no longer matters. Not so fast, says the economist N. Gregory Mankiw.
Half of the variation in the market value of government debt corresponds to changing expectations of future surpluses and deficits, and half corresponds to changing discount rates, from @JohnHCochrane nber.org/papers/w26090
Nordhaus’s Nobel Prize is safe but the World isn’t themintmagazine.com/nordhauss-nobe… @ExtinctionR @Limits2Growth @rethinkecon @GretaThunberg
One of the most misleading ideas in the liberal-empiricist pantheon is the idea that public language merely encodes pre-existing thoughts or 'mental representations' so that we can communicate them. This is perhaps the ultimate act of concealment of authority.
The costs of: ✔Unemployment ✔Erratic employment ✔Poorly paid employment ✔Involuntary part-time employment ✔[Fill in the blank].... Are staggering. #JobGuarantee washingtonpost.com/outlook/2019/0…
washingtonpost.com
Perspective | The brutal psychological toll of erratic work schedules
Unpredictable hours and variable pay cause even more distress than low wages.
U.S. industrial concentration can be good or bad, but it has become more negative in recent years, from Matias Covarrubias, Germán Gutiérrez, and Thomas Philippon nber.org/papers/w25983
Unironically rekt into the sun.
They can’t stand exposure of hate crime hoaxes because it makes it harder to politically exploit violence against LGBT people. The 26 killed trans people in 2018 were not all killed for being trans. This is important. I will go through each one-by-one.
Had a blast with @StephenAtHome and the #YangGang last night on @colbertlateshow here’s the full segment 👍🇺🇸 youtu.be/Jx5j1X9njHs
youtube.com
YouTube
Andrew Yang's Plan To Give Everyone $1K Per Month
Watched the first one, basically it was an exercise in denial about administered mark-ups. Even when dyed in the wool neoclassicals do field research onto how prices are actually set, they will find yet again, reality contradicting neoclassical theory. amazon.com/Asking-About-P…
This is exactly what Middle America thought MAGA meant
Walter Paternesi Meloni from Roma Tre University presenting “Reverse hysteresis? Persistent effects of autonomous demand expansions”: presenting econometric evidence that demand expansions lead to persistent increase in the capital stock. postkeynesian.net/downloads/even… #PKES2019
Dudley Dillard (1948) asks/answers the age-old question: Why is the government paying interest on risk-free government bonds?
Unseen by the public for three decades, a POLITICO reporter views hours of footage from Bernie Sanders' 1988 'honeymoon' to the USSR politi.co/2HxLtHN
Check out our recent @PKEconSoc working papers: postkeynesian.net/working-papers/ Topics include growth and distribution, financialisation, MMT, complex financial systems, exchange rate dynamics and debt cycles. @danieletavani @gegecaver @AlbertoRusso76
Short simple New Post, musing on: "Y=C+S+T. Therefore, an increase in Taxes increases GDP." and similar. (Can also be applied to recent Twitter arguments about exports and imports.) worthwhile.typepad.com/worthwhile_can…
networksolutions.com
Typepad | Network Solutions
Typepad | Network Solutions
On Karl Polanyi and the labor theory of value nakedkeynesianism.blogspot.com/2019/05/on-kar…
academia.edu/6988016/Explai… , researchgate.net/profile/D_Hand… , researchgate.net/publication/22… , ejpe.org/journal/articl… you should maybe look at the lit yourself
As promised: alt-m.org/2019/05/10/the… @MonetaryWonk @stf18 @StephanieKelton @MoneyIllusion @norbertjmichel @NathanTankus @clintballinger @dandolfa @HPublius @WilliamJLuther @jp_koning @WilliamJLuther @Noahpinion @EconomicsOne @JohnHCochrane
This post explains why falsificationism, Popper's philosophy of science, is false. I tried to make it self-contained, because I wanted it to be accessible to non-philosophers in general and scientists in particular, among whom Popper remains very popular. necpluribusimpar.net/why-falsificat…
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