Monthly Archives: April 2013

Finding a New Macroeconomics: (3) The Thirty-year Growth of U.S. Income Inequality

The Growth of U.S. Income Inequality The United States has the highest level of income inequality among wealthy nations, and the highest level of correlated health and social problems, both by wide margins. [1] This status was achieved by the … Continue reading

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Finding a New Macroeconomics: (2) The Flawed Keynesian Model

The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes. – John Maynard Keynes [1]    It was late in 2010 … Continue reading

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Finding a New Macroeconomics: (1) Introduction

Introduction John Maynard Keynes ended the preface to his monumental opus, The General Theory of Employment, Interest and Money, with this unusual confession: The composition of this book has been . . . a struggle of escape from habitual modes of thought … Continue reading

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