by Peter Dorman    Re posted from Econospeak It’s the Political Economy, Stupid! Sometimes living in the world of ideas makes it harder to understand the real one. If you happen to be an economist, and the time is now, that is true in spades. Take Paul Krugman, for instance. After bemoaning the terrible policy […]

by Joseph Joyce (is a Professor of Economics at Wellesley College and the Faculty Director of the Madeleine Korbel Albright Institute for Global Affairs.  His book, The IMF and Global Financial Crises: Phoenix Rising?, was published in 2012 by Cambridge University Press.) Recovery in Europe? Greece has returned to the bond market, issuing $4.2 billion […]

David Zetland just published Living with Water Scarcity.  Ed Dolan at Economonitors reviews the book…(the review is re-posted with permission of the author). Living with Water Scarcity: A Refreshing Take on a Hot-Button Issue by  Ed Dolan   (is an economist and educator with a Ph.D. from Yale University. Since 2001, he has taught at several universities […]

Re-posted from Naked Capitalism (with permission from the author) comes a well written piece on an important court case concerning damages to health and property from fracking operations in Texas (hat tip Run75441): Texas Family Awarded $3 Million in America’s First Fracking Trial by Lambert Strether of Corrente $3 Million? More like this, please. Here’s some […]

Yves Smith points to more OCC serving bank interests (not a surprise) in “Independent” Foreclosure Review Error Rate Vastly Higher Than Previously Admitted and well worth reading as usual: At this point, it seems hard to add insult to injury, given the terrible track record of the OCC Independent Foreclosure Reviews. But it’s nevertheless been […]

by J Tzimeskes   Are Markets Better Described as Robust than Efficient? Something that I think all of us with private sector jobs experience in our day to day lives is just how incompetent a large number of private businesses are. These may be our customers, suppliers, or another division. Yet, somehow, these businesses thrive despite […]