This is the full round table on Inflation and Monetary Policy organized by the Bucknell Institute for Public Policy (BIPP), with Franklin Serrano, Ricardo Summa and Nathalie Marins.
Friday, February 28, 2025
Wednesday, February 19, 2025
What is heterodox economics?
New working paper published by the Centro di Ricerche e Documentazione Piero Sraffa. From the abstract:
This paper critically analyzes Geoffrey Hodgson’s definition of heterodox economics as the refutation of the orthodox view that emphasizes utility maximization as its main theoretical core, and his view that it is the fragmentation of heterodox economics that explains its subsidiary role within the profession. Hodgson’s views led to a series of responses, that criticize his definition, but also present significant problems of their own. The limitations of Hodgson and his critics’ views are contrasted with an alternative definition that emphasizes the importance of conflictive distribution and the principle of effective demand in the long run. The idea of a broad tent, from a sociological point of view, does not preclude the need for a clear analytical definition of heterodoxy. The broad tent should be seen as part of a strategy of survival.
Link here.
Thursday, February 13, 2025
The 8th Godley-Tobin Lecture
Registration for the Zoom meeting here. After registering, you will receive a confirmation email containing information about joining the meeting.
Rethinking the determination and long-run evolution of income distribution
New paper by Thomas Palley. From the abstract: This paper presents a theory and model of long-run cycles in income inequality. The model exp...
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There are Gold Bugs and there are Bitcoin Bugs. They all oppose fiat money (hate the Fed and other monetary authorities) and follow some s...
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Teaching on the capital debates this and last week. So here are some thoughts, based on my class notes and the required readings (see below)...
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By Sergio Cesaratto (Guest Blogger) “The fact that individual countries no longer have their own currencies and central banks will put n...