Monthly Archives: June 2013

Finding a New Macroeconomics: (10) Reinhart, Rogoff, and Redistribution

An insistent question of our time is, how much government debt is too much. Is there some debt level that becomes crushing as opposed to merely costly? The controversy over research by economists Carmen Reinhart and Kenneth Rogoff shows how … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Economics, Wealth and Income Inequality | 2 Comments

John Maynard Keynes, on effective demand

The General Theory of Employment, Interest and Money  Chapter 3. The Principle of Effective Demand Section II * * *   Thus the volume of employment is not determined by the marginal disutility of labor measured in terms of real wages, … Continue reading

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Finding a New Macroeconomics: (9) Reinhart, Rogoff, and Ideology

The discovery of an error in an influential research paper by Harvard University economists Carmen Reinhart and Kenneth Rogoff has sparked an academic firestorm. It’s time to sort through the wreckage. — Betsey Stevenson and Justin Wolfers [1] In the last post in this … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Economics, Wealth and Income Inequality | Leave a comment