#postkeynesian — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #postkeynesian, aggregated by home.social.
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My analysis of what's going on with #Trump, #oil, #Venezuela & #AI circular economies is financial.
The financial sector's size has reached a point where it's more profitable for Trump & his clan to make money on speculative assets than real-world material economies.
Thus controlling the narrative to make stock price go up and create private investment based on narrated futures is the name of the game.
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Private money creation through investment banking with it's large size make DJTs policies make sense
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Well, it looks like he's a #postKeynesian. I'd say that's pretty encouraging.
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Just used ChatGPT to organize some of my understandings of international economics and finance from a post-Keynesian perspective, including issues like balance of payments, trade balance and terms of trade, distributional effects of export promotion, Debt Crisis and austerity, hyperinflation and currency collapse, the ramifications of interest rate hikes etc. I will organize them later when I arrive home.
#postkeynesian #international #economics #trade #finance #currency
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I just had an interesting thought exercise: here's an analysis of the circular flow of income, money and other dynamics of economic simulation in Victoria 3.
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Hey I know people often complained about ChatGPT producing made-up referrences but it seems legit when being asked to produce some reading lists. People who are focused on similar subjects as me might also find some useful stuff in this recommended list.
https://drive.google.com/file/d/1mUpXo-ZFWqhw9bBlcxFYfaUoshXWdGqq/view?usp=sharing#complexity #dynamicsystem #nonlinear #chaos #ecology #postkeynesian #marxian #economics #computational #quantitative #statistics
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Post Growth and the North-South Divide: a post-Keynesian stock-flow consistent analysis—New CUSP working paper by Dario Leoni, Andrew Jackson and
@ProfTimJackson
→ https://cusp.ac.uk/themes/s2/wp38cc #PostGrowth #Degrowth #BeyondGrowth #PostCroissance #Decroissance #Decrecimiento #Decrescenza #ProsperityWithoutGrowth #SystemDynamics #PostKeynesian #Globalisation #Growth #Transition #GlobalSouth #NorthSouthDivide
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Re-introducing (my first instance vanished): I'm an economist from U.Mass. Amherst teaching in an interdisciplinary unit at UW Bothell. I've written in #PostKeynesian and #Feministeconomics
Current research on race and economics late 19th and early 20th centuries is summarized here, with some working papers: https://sites.google.com/uw.edu/crisesofthewhitebody/home
#historyofthebody #historyofeugenics #historyofeconomics #historyofpsychology
#histodons -
And should be understood in line with this:
“In fact, post-Keynesians argue that if full employment were reached, innovations will likely push back the natural frontier...” - Marc Lavoie: Intro to PK
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and that largely addresses humanistic economics & social economic ideology from Sismondi to Lutz to #leftmmt #mmt #hetecon #postkeynesian
Economics for the Common Good #socialeconomics
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Did you know we always used price controls to fight inflation?
The involuntary unemployed at a floor wage of $0 as one example.
The discount rate at a central bank as a ceiling for the ‘price’ of money as another.Price controls are implicit in the economy, as are buffer stocks
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In some economic circles there are complaints about price controls saying they don’t work but price controls are everywhere right now & work correctly everyday.
Price controls are everywhere
Minimum wage
Bulk billing medicare
Reserve bank discount rate
Maximum penalty in a fine
Medication on the PBS
Concession Eligibility for PBSCan you think of more?
Maybe
Minimum "award" wages
NDIS vouchers
HECS/HELP fees#ozmmt #ausecon #econ #postkeynesian #mmt #econtwitter #econmastodon