Monday, January 28, 2013

Ramanan and Zezza on Europe

Even though pundits at the World Economic Forum in Davos have proclaimed the end of the Global Crisis, the European crisis continues to unfold. Ramanan correctly notes that Draghi suggests that fiscal consolidation [that's Doublespeak for fiscal contraction] is essential for the recovery. Meanwhile Zezza shows that Italy increasingly looks like Greece and other countries that have committed to contractionary policies.

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Surplus approach, Historical Materialism, and precapitalist economies:

New Paper by Sergio Cesaratto on a topic closely related to what he has discussed here before. From the abstract: In the classical economis...