My relationship with the concept of neoliberalism is an uneasy one, in that I don’t really know what it means. Often, radical writers use it to mean ‘most of economics’ […]
Noah Smith on a similar topic: “So most economists are supporters of a mixed economy.”
And this is a key advantage: When basic needs are met, it’s easier to be creative; when you know you have a safety net, you are more willing to take risks.
4) blogs.lse.ac.uk: Why Greeks voted the way they did in the bailout referendum
Some nice graphs.
5) slate.com: Unhealthy Fixation – The war against genetically modified organisms is full of fearmongering, errors, and fraud. Labeling them will not make you safer.
It’s a really weird situation. Obviously the papaya example is a bit cherry-picked, but it does illustrate the necessary point. I’m still somewhat for labelling, although I don’t think GMOs are dangerous. If anything the companies will have to lower the price, so I can get better quality food cheaper. ;) Further information here.
German industry makes “the thing that makes the thing that makes the thing”, notoriously, which makes its exports very price-insensitive to a country like China, which has a huge export market for things, which ensures a massive domestic market for thing-making things, and a consequent import demand for thing-making-thing-making things.
A broad but interesting counterfactual.
8) nybooks.com: Guzmán -The Buried Truth
Crazy. Will we ever know the truth? Probably not.
But on the questions of welfare and government intervention in insurance markets, he was to the left of the entire Republican Party today.
10) medium.com/bull-market: 2010 and all that — Relitigating the Greek bailout (Part 1)
Looking forward to part 2 and the discussion that will hopefully develop from it.
“In China you can be anything without any knowledge or education, if you’re from the West,” a foreigner hired to attend an event told The New York Times. “We just show up to give them a white face.”