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The End of Global Capitalism and the Rise of China

The end of that article asked the question, What about global Capitalism: can it survive in its current form? and his answer is a neat outline of the history of capitalism since its inception through to today: Pure global capitalism, such as it was, developed from around 1500 to the end of the 19th century. It was at the end of the 1920s. It was replaced over the course of the succeeding decades by a mixed economy, rooted in the pragmatic reforms of the American New Deal, the exigencies of...
United States New Zealand United Kingdom Republic Of West Bank General West Bank
Source: vridar.org

Draghi Keeps Italy Guessing on Which Super Mario Will Emerge

Draghi Keeps Italy Guessing on Which Super Mario Will Emerge Bloomberg 2/10/2021 Alessandra Migliaccio (Bloomberg) -- Mario Draghi’s yet-to-be fulfilled leadership of Italy’s next government is keeping people guessing about how much he will draw upon his prior career roles when in office. Within the country, the likely next premier is often remembered as the man who oversaw its biggest privatizations -- a proactive financier applying market solutions to tough problems. Els...
United Kingdom Franco Modigliani Silvio Berlusconi David Powell John Maynard Keynes Alessandro Aresu
Source: msn.com

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What Keynes can teach about economic forecasting : The Indicator from Planet Money : NPR

GraphicaArtis/Getty Images In the early twentieth century, Irving Fisher was arguably the greatest economist in the world. But today he is best known for asserting in the New York Times that stocks had reached "a new and permanently high plateau" just two weeks before the great Wall Street crash of 1929. Another great early twentieth century economist who failed to anticipate the crash was John Maynard Keynes. Both Fisher and Keynes lost a lot of money in the crash, but they respon...
New York United States John Maynard Keynes Tim Harford Irving Fisher New York Times
Source: npr.org

Best walks in Cambridge: Historic walk with some of the best views in the city and a secret nod to Winnie The Pooh

Best walks in Cambridge: Historic walk with some of the best views in the city and a secret nod to Winnie The Pooh Theres something for everyone on this short walk - which takes you from the House on Pooh corner to Cambridges last execution site Castle Mound offers glorious views over Cambridge (Image: Lottie Limb) Sign up to our newsletter for daily updates and breaking newsInvalid EmailSomething went wrong, please try again later. Sign up here! When you subscribe we will use the information y...
United Kingdom Andrew Kershman Mary Reeder Elias Lucas Castle Hill Edward Storey

Fiscal Stimulus vs. Economic Growth – Investment Watch

by Frank Shostak via Mises For most experts a key factor that policymakers should be watching is the ratio between actual real output and potential real output. The potential output is the maximum output that the economy could attain if all resources are used efficiently. In Q3 2020, the US real GDP–to–potential US real GDP ratio stood at 0.965 against 1.01 in Q3 2019. A strong ratio (above 1) can be of concern because according to experts it can set in motion inflationary pressures. To ...
John Maynard Keynes Frank Shostak Austrian School Economics John Maynard Savings Increase Demand Is Not

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