Archive for June 14th, 2016

Blaming it on optimism of bank licence applicants…

June 14, 2016

The comments keep getting weirder on payment bank dropouts. First there were talks of some kind of a penalty and now this blame game.

The bank licencor now says drop out players were apparently too enthused:

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Why did East Germany not become like South Italy?

June 14, 2016

Andrea Boltho, Wendy Carlin and Pasquale Scaramozzino look at this bit of fascinating history.

Top 10 economics books of the last 100 years..(How many of these are taught?)

June 14, 2016

A poll by rwer blog led to following results:

  • 1. (1,597 votes) John Maynard Keynes, General Theory of Employment, Interest and Money (1936)
  • 2. (1,027) Karl Polanyi, The Great Transformation (1944)
  • 3. (927) Joseph A. Schumpeter, Capitalism, Socialism & Democracy (1942)
  • 4. (780) John Kenneth Galbraith, The Affluent Society (1958)
  • 5. (731) Hyman Minsky, Stabilizing an Unstable Economy (1986)
  • 6. (687) Thomas Piketty, Capital in the Twenty-First Century (2014)
  • 7. (583) Joan Robinson, The Accumulation of Capital (1956)
  • 8. (582) Michal Kalecki, Selected Essays on the Dynamics of the Capitalist Economy(1971)
  • 9. (580) Amartya Sen, Collective Choice and Social Welfare (1970)
  • 10. (500) Piero Sraffa, Production of Commodities by Means of Commodities (1960)

These lists are always difficult to compile. Here is a criticism which brings 4 different books. Am sure there must be many more such lists. Thomas PIketty inclusion is obviously due to the recent spark created by his capital book. Then one will always expect Keynes to be there in the list but Minsky? This is the crisis effect which continues to linger as crisis  refuses to go away as well

I have a bigger question. Given most of these books deal with history/history of economic thought, how many are really taught in economics programs?

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