Three big macro questions for 2014 | Gavyn Davies

Three big macro questions for 2014 | Gavyn Davies

Today, this blog offers a year end assessment of three crucial issues that relate to this: the supply side in the US; China’s attempt to control its credit bubble; and the ECB’s belief that there is no deflation threat in the euro area

Hans-Werner Sinn "Rescuing Europe from the Ground Up"

Hans-Werner Sinn argues that reconstructing the euro is the only way to save the European integration project. - Project Syndicate

The Role of the IMF in Future Sovereign Debt Restructurings by Douglas G. Baird, Nicole Bollen, Lee C. Buchheit, G. Mitu Gulati, Anne O. Krueger, Fridrik Mar Baldursson, Robert K. Rasmussen, David A. Skeel, Sergei Storchak, Jeromin Zettelmeyer :: SSRN

The Role of the IMF in Future Sovereign Debt Restructurings by Douglas G. Baird, Nicole Bollen, Lee C. Buchheit, G. Mitu Gulati, Anne O. Krueger, Fridrik Mar Baldursson, Robert K. Rasmussen, David A. Skeel, Sergei Storchak, Jeromin Zettelmeyer :: SSRN

DeGrauwe - "Macroeconomic Policies That Will Help Southern Europe"

DeGrauwe - DeGrauwe.pdf

James Shields at GPS "France in 2014: Another annus horribilis for Hollande? "– Global Public Square - CNN.com Blogs

France in 2014: Another annus horribilis for Hollande? – Global Public Square - CNN.com Blogs

Prosecuting Grand Corruption as an International Crime - DiscussionPaper_ProsecutingGrandCorruption_EN.pdf

Prosecuting Grand Corruption as an International Crime - DiscussionPaper_ProsecutingGrandCorruption_EN.pdf

Grand corruption takes place at high levels of the political system, when “politicians and state agents entitled to make and enforce the laws in the name of the people, are misusing this authority to sustain their power, status and wealth.”

Globalization and Democracy Can Coexist « Commentary Magazine

Globalization and Democracy Can Coexist « Commentary Magazine

Democracy Nomen Nudum | Euro Crisis in the Press

Democracy Nomen Nudum | Euro Crisis in the Press

A Eurozone Report Card 2013 - Social Europe Journal

A Eurozone Report Card 2013 - Social Europe Journal

Bruegel | Export and unit labour cost adjustment: close association in EU15

Bruegel | Export and unit labour cost adjustment: close association in EU15

RealClearWorld - Merry Christmas, Europe -- You've Been Downgraded

RealClearWorld - Merry Christmas, Europe -- You've Been Downgraded

EconoMonitor : EconoMonitor » Burdens of Unwanted Empire—Miscalculating Germany’s Economic Strength

EconoMonitor : EconoMonitor » Burdens of Unwanted Empire—Miscalculating Germany’s Economic Strength

RealTime Economic Issues Watch | Sovereign Debt Restructuring: Red Herrings Swimming in a Sea of Confusion

RealTime Economic Issues Watch | Sovereign Debt Restructuring: Red Herrings Swimming in a Sea of Confusion

Greek Banks Seek Extension of Foreclosure Ban - WSJ.com

Greek Banks Seek Extension of Foreclosure Ban - WSJ.com

Robert Skidelsky questions whether Larry Summers's "secular stagnation" thesis has taken adequate account of the rise of shale energy in the US. - Project Syndicate

Robert Skidelsky questions whether Larry Summers's "secular stagnation" thesis has taken adequate account of the rise of shale energy in the US. - Project Syndicate

Brad DeLong

inequality is driven by the dynamics of capital (and more broadly, wealth--wealth includes land and also rent-extraction position as well)
(emphasis added)

Can we move beyond the Maastricht orthodoxy? | vox

Can we move beyond the Maastricht orthodoxy? | vox

Coppola Comment: Weird is Normal

Coppola Comment: Weird is Normal: My latest post at Pieria: "Three years ago, Nick Rowe produced  this post  describing a “weird world” – a world in which the equilibr...

The Eurozone: If only it were the 1930s | vox

The Eurozone: If only it were the 1930s | vox

Safeguarding human rights in times of economic crisis

Issue Paper published by the Council of Europe Commissioner for Human Rights (pdf)

Nick Hanauer & Eric Beinhocker "Capitalism Redefined"

http://www.democracyjournal.org/31/capitalism-redefined.php?page=1

Mike Shedlock: Prisoner's Dilemma Game in Greece; Contagion-Spread Eurozone Breakup More Likely Now; How will Greece NOT pay back €320 billion?

Mish's Global Economic Trend Analysis: Prisoner's Dilemma Game in Greece; Contagion-Spread Eurozone Breakup More Likely Now; How will Greece NOT pay back €320 billion?

PinpointPolitics "Constructing the Eurozone Crisis: A Tale of PIIGS, Debt, and Austerity"

By Johannes Petry. "People need an interpretative framework to understand failures, give meaning to them, and perceive such moments as crises. It is the discursive construction of crises – how we make sense of a failure – that shapes how we respond to it. In this process, the most important actors are largely the media and politicians that convey their interpretation of a crisis’ causes"

The sustainability factor in Spanish pensions | vox

The sustainability factor in Spanish pensions | vox

How Mandela Shifted Views on Freedom of Markets

1990 “The nationalization of the mines, banks and monopoly industries is the policy of the A.N.C., and a change or modification of our views in this regard is inconceivable,”
 1992 “I came home to say: ‘Chaps, we have to choose. We either keep nationalization and get no investment, or we modify our own attitude and get investment.”

Rob Parenteau "How to Exit Austerity, Without Exiting the Euro"

The MMT solution to the intractable problem out of The Levy Institute

Γιώργος Παγουλάτος με Λίνα Παπαδάκη στο Protagon

Θέμα..... τί άλλο; Κίνηση των 58!
Η κεντροαριστερά είναι ο προοδευτικός φιλοευρωπαϊκός πόλος της χώρας. Είναι ο προνομιακός υπερασπιστής του ευρωπαϊκού προσανατολισμού και θεσμικού εκσυγχρονισμού της Ελλάδας, της εξωστρεφούς και ανταγωνιστικής ενσωμάτωσης στη διεθνή οικονομία, με έμφαση στην προστασία της κοινωνικής συνοχής. Ενός κοινωνικού κράτους που θα πρέπει να υπάρχει και για τις επόμενες γενιές και άρα θα πρέπει να στέκεται σε στέρεες βάσεις και να μεταρρυθμίζεται

Francesco Saraceno "What is Wrong with the EU?"

Frontloading of austerity in the periphery was a terrible mistake. Not accompanying it with fiscal expansion in the core was a crime, showing of how little solidarity counts, facing the protestant urge to “punish the sinners”.

Linda Yueh of the BBC talks with Stiglitz and Krugman

Missed it on BBS/World; waiting for it to be on BBC iPlayer
Five years on from the worst crash in a century, the recovery is still slow in the West. What's holding it back? Two Economics Nobel Laureates Paul Krugman and Joseph Stiglitz tell us their predictions for when things will go back to normal, and why the US and British governments have huge challenges ahead

Shane Parrish "Ävoiding Ignorance"

You can’t deal with ignorance if you can’t recognize its presence.

Affordable Excellence The Singapore Health Care System

“William Haseltine’s comprehensive account of how Singapore laid the foundation for an equitable, affordable, accessible, and sustainable quality healthcare system should be on the reading list of anyone designing healthcare systems for the 21st Century. It is a fascinating read, even for someone who grew up within this system.” —John E.L. Wong, Vice Provost (Academic Medicine) The National University of Singapore, Deputy Chief Executive, The National University Health System, Et al.

Israel Malkin and Daniel J. Wilson "Taxes, Transfers, and State Economic Differences"

via Mark Thoma

This analysis is limited to quantifying the degree of stabilization that could be achieved in Europe if it had a U.S.-style tax-and-transfer system.

Intelligence2 Angela Merkel is Destroying Europe

BBC World News will broadcast a 45 min edit of this debate on 7th December at 09.10 and 20.10 (GMT) and on 8th December at 02.10 and 15.10 (GMT).

For the motion:

for the motion

Mehdi Hasan

Political director of the Huffington Post UK, biographer of Labour leader Ed Miliband and the author of an e-book on austerity myths

Euclid Tsakalotos

MP for the Syriza party in Greece, economic adviser to Alexis Tsipras, the party leader, and a professor of economics at the University of Athens

against the motion

Antony Beevor

Award-winning historian of the Second World War

Christine Ockrent

Belgian-born journalist and former chief operating officer of France 24 and RFI. She was also editor in chief of the weekly news magazine L’Express

Brad DeLong : Ïntelligence and Being Smart

If you use your intelligence to rationalize being incurious because you already know everything, or use your intelligence to find more sophisticated and convoluted reasons why what you decided was true before you began thinking is still true, you are not being very smart. Smart and stupid are not innate characteristics, but rather products of a willingness to educate oneself, to ask for and seek help from those smarter than oneself, and to mark one’s beliefs to market.