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…fall. Lower spending means an economic slowdown. And of course, an economic slowdown means that jobs are lost, not gained. The most likely outcome is a mix of these three,…

Read Jeff Madrik

…couldn’t pay their debts. With lower real interest rates and better economic performance, they can pay their debts. So the grip of the I.M.F. has been loosened by economic improvements….

The Legacy of Joan Robinson

…influence of Joan Robinson today is on Post Keynesian economics, or post-Keynesian economics, with her preferring this latter spelling, the British version. Indeed, although I cannot prove it, I have…