by Joseph Joyce Tales of Globalization: Russia and China The end of 2014 marked the 23rd anniversary of the dissolution of the Soviet Union and the establishment of the Russian Federation. Like Chinese leaders in the previous decade, Russian policymakers faced the challenge of integrating their nation into the global economy. Russia’s trade openness (exports […]
For those who have read this series of posts, you have seen the evolution of an Effective Demand model. At the end of this post, you decide if the model is useful. The last two variables added to the limit function are for government expenditures and investment. Here is the final equation. Effective Demand limit […]
by Barkley Rosser (re-posted from Econospeak) Looking Forward To The Late Twenty-Teens Yes, at midnight on December 31, we shall be at the midpoint of this decade, going from the early twenty-teens to the late twenty-teens. While celebrating half decades is not something done particularly, indeed for some decades we do not distinguish their halves. […]
The effective demand equation has made great progress in the last week in spite of me being really sick with fever and congestion. And so I continue the development of the effective demand equation for those nutty readers of Angry Bear blog (meant with respect and camaraderie). I wrote in part 2 that the model […]
For those nutty readers that follow the effective demand story that I present on Angry Bear, today, the first day of 2015, marks a breakthrough. I just posted yesterday a model to expand the variables for assessing the effective demand limit upon production. Today a new variable is added to the mix with interesting results… […]
PGL at Econospeak adds to criticisms of current ‘Reaganolatry’: Federal Tax Revenues During the 1980’s Paul Krugman takes on another aspect with respect to the latest intellectual garbage from Stephen Moore by commenting on Moore’s claim that Federal tax revenues soared from 1980 to 1989: I have a suspicion that the Post forced him to […]
Paul Krugman points us to problems with economic writing by Moore: Last summer the editorial page editor of the Kansas City Star declared that she won’t be running any more op-eds by Stephen Moore, chief economist of the Heritage Foundation. She had cause: Moore had published an article that purported to refute my debunking of claims […]
Lifted from Robert Waldmann’s Stochastic Thoughts TARP Bottom Line TARP Books Closed (give or not give less than $ 1 billion). According to Lew, the total profit for American taxpayers on TARP investments stands at $15.35 billion. The NYT report added, “Less than $1 billion in taxpayer funds remain scattered in about 35 community banks […]
Yves Smith adds her thoughts on possibilities of the market price decline for oil: When the Saudis announced their intention not to support oil prices when they were sliding towards $90 and plunged quickly through that level, we deemed the move to be a masterstroke. It served to damage both economic and political enemies. On […]
Lifted from comments: Dean Baker adds a comment on Spencer England’s post on Part time employment statistics being (Spencer writes…”John R. Graham is a beautiful example of a little knowledge being a dangerous thing. The researchers at the right wing think tanks scour the economic releases for anything that they can spin to sell their […]