Sydney Morning Herald commentator Gareth Hutchens commented that the Rogoff and Reinhart affair shows how slow economists are to realise that their data may be dodgy, but to my mind that is insignificant compared to how...
One of the beauties of the modern age is that documents that once would have been either inaccessible, or taken years of sleuthing to locate, are now readily downloadable from the Web. One such set of documents is...
Chinese construction keeps trending down with Sany the worlds sixth largest heavy machinery maker reporting a rise in profit of 5.4% in the same quarter as a blow out in receivables of USD $1.39 billion and...
In his recent paper entitled A culture of mania: a psychoanalytic view of the incubation of the 2008 credit crisis , Professor Mark Stein develops a theoretical framework around the notion of a manic...
I’m just unwinding back at my hotel after this 23 day, 4 country, 7 city trip; an exhausting but worthwhile experience (made all the more challenging by either Heathrow or Qantas losing my bag for 8 days on my arrival!)....
Paul Krugman has just commented (twice) on my most recent blog about my paper for INET. In one sense, I’m delighted. The Neoclassical Establishment (yes Paul, you’re part of the Establishment) has ignored...
My paper “Instability in Financial Markets: Sources and Remedies” for the INETconference “Paradigm Lost: Rethinking Economics and Politics“, to be held in Berlin on April 12-14, is now available via the INET...
I was approached by Bloomberg to write an 800-word feature on “The Future of Economics” for the World Economic Forum, which starts today in Davos. I haven’t heard back as to whether they actually ran it in their...
Every year, The Age publishes a survey of economists’ opinions on the year ahead. Most of these are “market economists” rather than academics—working for banks, insurance companies and the like. Three academics are...
Partial Mortgage Jubilee Plan from US Fed Economic Reform Australia has just alerted me to a proposal for a partial mortgage debt forgiveness proposal put forward by economists from the US Federal Reserve in...