archive

The economics of hope and despair

Christian De Cock and Christina Volkmann (Essex), John Murray (Sydney) and Sheena Vachhani (Swansea): The Idea of Marx in Financial Times: A Dialectical Reading of Crisis and Recovery. Cutting Class: What we talk about when we talk about work. From Boston Review, Jonathan Kirshner on business as usual: A review essay on the next Wall Street collapse. A review of The Price of Everything: Solving the Mystery of Why We Pay What We Do by Eduardo Porter. A review of The Global Economic Crisis: The Great Depression of the 21st Century. Economists spectacularly failed to take the prevention of financial crises seriously, but since then economists have heeded the lessons from past crises and have helped avoid the worst. A review of Beyond the Invisible Hand: Groundwork for a New Economics by Kaushik Basu. A review of Intellectual Capital: Forty Years of the Nobel Prize in Economics by Thomas Karier. Financial Flimflam: Why economic experts' predictions fail. Harold Jameson on Machiavellian economics. What happened before Wisconsin? Nelson Lichtenstein on the long history of labor bashing (and more and more on the new class war from Dissent). Jagdish Bhagwati on four fallacies of the crisis. The Capitalist's Paradox: Economists talk of "barriers", but the greatest barriers to prosperity might just yesterday's lumbering institutions. A review of Toward a Truly Free Market by John Medaille (and more on the uselessness of utility). From The Economist, a debate on Tyler Cowen's The Great Stagnation. David Leonhardt on economic blind spots, left and right (and more by David Roberts). A review of Unsettled Account: The Evolution of Banking in the Industrialized World since 1800 by Richard S. Grossman. Peter Smith on the economics of hope and despair. Is economics a science? Agnar Sandmo on the interaction between theories and facts. The Obama Administration's retiring National Economic Council head Larry Summers sounds off on the Chinese, the dollar, quantitative easing, and the fate of America's middle class.