Wednesday, July 18, 2012

Spot the difference

Here are two posts (here and here) that look very similar (same graphs). Both show that private indebtedness was the result of wage stagnation. The first was published the 18th, while the latter the 3rd of July. I'm glad he is reading it.


  1. Articles by Professor Lars Pålsson Syll on the topic:
    Why general equilibrium economics is a dead end

    Please say after me – Sonnenschein-Mantel-Debreu

  2. It's much more than a scissor graph... it's a heart attack post-Bretton Woods:

  3. This comment has been removed by the author.


Some unpleasant Keynesian arithmetic

By Thomas I. Palley (Guest Blogger) The last decade has witnessed a significant revival of belief in the efficacy of fiscal policy and ma...