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Category Archives: Politics
Did Irish Austerity Really Lead to an Increase in Competitiveness?
Ever since the austerity programs began in Europe after the crisis of 2008 Ireland has been a poster boy. Even though the economy has crumbled enthusiasts still point to the improved current account balance which they claim is due to … Continue reading
Posted in Economic Policy, Politics
3 Comments
The Economist Magazine, Marxism and the Conventional Wisdom
This morning I came across a rather awful piece on The Economist‘s website entitled A Marxist Theory is (Sort Of) Right. The piece is indicative of what I think to be a far more general trend in contemporary intellectual life: … Continue reading
Posted in Media/Journalism, Politics
15 Comments
Inflation and Income Distribution: A Reply to the Vulgar Keynesian Policy Enthusiasts
Noah Smith has a recent post on inflation in which he urges economists to learn to love inflation. We live, as everyone knows, in a period of low inflation and high unemployment and I suppose Smith’s point is that we … Continue reading
Posted in Economic Policy, Politics
1 Comment
Is Paul Krugman the Left’s Milton Friedman and Should We Argue With Him?
In response to my previous post on Paul Krugman I got two negative responses; they are the two negative responses I always get when I criticise Krugman. One is from what I call the Krugtrons. These are the people who … Continue reading
Posted in Economic Theory, Politics
4 Comments
Clement Atlee: Full Employment Austerian?
The following is an article that I wrote for a newspaper and was never published: In a recent interview with The Guardian Ed Miliband summoned up the ghost of the post-war prime minister and Labour Party icon Clement Atlee … Continue reading
Posted in Economic Policy, Media/Journalism, Politics
1 Comment
Nazism and Neoliberal Mythmaking, Part III: The Descent into Primitivism
In the first two parts of this series we saw first of all how Germany after the Second World War needed a reconstruction myth to sweep away the horrors of the Nazi past and yet, at the same time, avoid … Continue reading
Posted in Economic Policy, Economic Theory, Philosophy, Politics
1 Comment
Nazism and Neoliberal Mythmaking, Part II: The State as Killer
In the first part of this series we laid out how those who wanted political power in post-war Western Germany sought out a myth with which they could at once wipe of the Nazi past and push their ideological line. … Continue reading
Posted in Economic Policy, Economic Theory, Philosophy, Politics, Psychology
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Fixing the Economists 