Assorted Links

1. Tabarrok says we need to think fiscal stimulus from an employment perspective

2. Krugman points to his new paper which says optimal fiscal policy to get out of liquidity trap

3. WSJ Blog points to a paper from Barry Eichengreen who says financial globalisation would be restrained after the crisis.

4. JRV points to lessons finance teachers can draw from the crisis. Again like the responses there is nothing new here. I especially don’t agree when he says – There is a need to shift from behavioural traits to hard nosed rational models. I would suggest to go for the opposite.

5. I found this new new blog. Interesting throughout

6. Finprof points 2008 crisis worst ever

“In the end, the Panic of 1873 demonstrated that the center of gravity for the world’s credit had shifted west — from Central Europe toward the United States. The current panic suggests a further shift — from the United States to China and India. Beyond that I would not hazard a guess.”

I need to read about panic of 1873 now!

7. CTB points to Chinese financial globalisation – slow and steady wins the race

8. Econbrowser on trade finance and falling trade

2 Responses to “Assorted Links”

  1. Adam Smith Says:

    A Specific Application of Employment, Interest and Money

    Plea for an Adventure in a New World Economic Order

    Adam Smith, Karl Marx, John Maynard Keynes and Alan Greenspan: a Unified Perspective


    This tract makes a critical analysis of credit based, free market economy, Capitalism, and proves that its dysfunctions are the result of the existence of credit.

    It shows that income / wealth disparity, cause and consequence of credit, is the first order hidden variable, possibly the only one, of economic development.

    It solves most of the puzzles of macro economy: among which Stagflation, Greenspan Conundrum and Keynes’ Liquidity Trap…

    It shows that Adam Smith, John Maynard Keynes, Karl Marx and Alan Greenspan don’t contradict each other but that they each bring a meaningful contribution to a same framework for understanding macro economy.

    It proposes a credit free, free market economy as a solution that would correct all of those dysfunctions.

    In This Age of Turbulence People Want an Exit Strategy out of Credit, an Adventure in a New World Economic Order.

    Read It.

  2. Charles Pierce Says:

    I was interested to find this blog. 20 years ago I had a book published on different economic concepts to point the way to a sustainable world economy. Someone who liked the book contacted me this year to suggest that I update and re-publish it as a blog. She set up the blog, and the book is now complete on the blog in a series of postings. There are now also additional pieces on global warming and other subjects. Here is the link:

    With all good wishes,
    Charles Pierce

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