Martin Wolf 's Weatherall Lecture 2013

Many thanks to Barry Litholtz  for posting Martin Wolf's Weatherall Lecture given at Queen's Univ, Canada on Oct 3.
Enjoyable and educative!

10 reasons why the ESM might never take a stake in a bank

Alex Barker at FT/Brussels Blog

For the more optimistic finance ministers the ultimate, ultimate backstop — only to be used in exceptional circumstances — is apparently a “direct recapitalisation” from the European Stability Mechanism, the eurozone’s E500bn bailout fund. The trouble is that there are a legion of hurdles to clear before using this instrument....

 ss. την επόμενη φορά που κάποιος θα αναφερθεί στο θέμα Απευθείας Ανακεφαλαιοποίηση Απο Το ESM, θα του ενεχειριάσω ένα αντίγραφο του άρθρου!!!

Lacey Hunt "..the great monetary experiment"

Guest Post at Fabius Maximus .
 (initially posted at  Testosterone Pit

EZ crisis and historical trilemmas | vox

EZ crisis and historical trilemmas | vox

Prof Mark Harrison "Who is a Marxist Now?"

The question is puzzling only if we think of Marx as the the reason why Marxist ideas exist. Of course Marx was the originator of Marxism, but I am quite sure that if Marx had never been born to invent Marxism, some other ........

Prof Andrew Gamble "Social Democracy and the Nation After the Crash"

LSE podcast
Why has the global financial crisis not revived the left? Andrew Gamble argues that the policies of the 1980s and 1990s have left social democracy disadvantaged in a period of austerity. To prosper, it must rethink the political economy of capitalism and the nation.

Bruegel | Towards a Euro Union

Bruegel | Towards a Euro Union

Acemoglou & Robinson "Democracy and Extremism"

An age-old question in political theory is how democracies, particularly democracies trying to be inclusive to use the terminology of Why Nations Fail, should deal with extremist groups.

Fama, Hansen, and Shiller

Mark Thoma links to posts on this year's Nobel for Economics with continuous updating.

Πρόσκληση για τον τρίτο πόλο

ΠΡΟΣΚΛΗΣΗ ΣΕ ΙΔΡΥΤΙΚΗ ΣΥΝΕΛΕΥΣΗ ΓΙΑ ΜΙΑ ΔΗΜΟΚΡΑΤΙΚΗ ΠΡΟΟΔΕΥΤΙΚΗ ΠΑΡΑΤΑΞΗ

Quantitative Ease by Carola Binder: Credit, Crises, and Consequences

Quantitative Ease by Carola Binder: Credit, Crises, and Consequences: "What the crisis made abundantly clear is that private and public debts cannot be looked at only in isolation," say the authors o...

IMF Direct/Nemat Shafik "Europe’s Choice: Risk Stagnation or Pursue Integration"

Europe faces a stark choice: risk stagnation or pursue integration. It can continue to muddle through, and hope that growth in the world economy will eventually pick up enough steam to pull its economy out of the doldrums. Or it can make a decisive push to revitalize its economy and complete the reforms needed to achieve a fully integrated economic and monetary union

Thomas Kressin (PIMCO) "The Euro Tug-of-War"

Will  the EZ become Japan.V2? Check again..

The eurozone could end up with problems over the longer term similar to Japan’s: a too-strong, overvalued exchange rate, weak growth, very low overall inflation and deflationary tendencies.

Carlo Cipolla 's "The Basic Laws Of Human Stupidity"

A l w a y s  a n d  i n e v i t a b l y  e v e r y o n e  u n d e r e s t i m a t e s  t h e    n u m b e r  o f  s t u p i d  i n d i v i d u a l s  i n  c i r c u l a t i o n .

Moreover, its not only that we are stupider than we think, we are also less competent than we think! Ha! Check the Dunning-Kruger effect and/or this pdf

Othon Anastasakis "The far right in Greece and the theory of the two extremes" 31/5/13

For ND to combat Golden Dawn requires extreme measures of an institutional, legal, political and economic nature and a clearcut rejection of its own political or ideological links. By adopting the unified theory of extremism New Democracy may be gaining marginal votes vis-à-vis SYRIZA but, at the same time, it is losing out on its own voters who will continue to head towards the extreme right.