Sunday, January 31, 2016

On the blogs

Kalecki And Keynes On Wages -- by V. Ramanan. Keynes' reply to Dunlop and Tarshis on the pro-cyclicality of real wages is available here. This is an issue I still discuss in my macro classes, that is not part of any manual I know

How Central Banks (and even Keynes) Misled the Public About Banking and Money -- Perry Mehrling on the Bank of England's admission that money is endogenous. In all fairness endogenous money is quite old and no central bank ever pretended they controlled money supply other than in the 1970s, when they tried and failed. So it's monetary economists (and Keynes in the GT, but not in the Treatise for that matter, where he used a Wicksellian approach)

Two Views On Introductory Economics -- Robert Vienneau on Noah Smith and Robert Paul Wolff's views, which basically are the marginalist supply and demand versus the surplus approach

Introduction to Economic History -- Brad DeLong posted the link to his graduate history course with Barry Eichengreen. I used to teach a graduate course in economic history too

Did socialism keep capitalism equal? -- Older post by Branko Milanovic that I missed somehow, and he twitted about recently

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