The Owl Has Flown: Dr. Kelton Goes to Washington

OK, it is now official. The Owl has Flown. Stephanie Kelton is on her way to Washington. Here’s a clip from the press. Sanders names ‘deficit owl’ his chief economist BY: Joseph LawlerDecember 26, 2014 http://m.washingtonexaminer.com/sanders-names-deficit-owl-his-chief-economist/article/2557903 A prominent advocate of bigger deficits and unconventional economics will be Sen. Bernie Sanders’ chief economist when he becomes […]

NOT DEAD YET: POST KEYNESIAN ECONOMICS LIVES ON AT UMKC

The reports of my death have been greatly exaggerated. –Mark Twain Stephanie Kelton Goes To Washington Leading Post Keynesian Modern Monetary Theorist (MMT) and Chair of the Economics Department at the University of Missouri-Kansas City (UMKC) is leaving there to become the Chief Economist of the Minority at the US Senate Budget Committee.  She is […]

Erdoğan’s choice: Reform or religion?

After revealing the first nine on Nov. 6, Prime Minister Ahmet Davutoğlu unveiled seven more transformation programs of the government’s ambitious reform strategy at a press conference on Dec. 18. In my latest Hurriyet Daily News (HDN) column, I explain why it is a complete waste of time to discuss the second part of the […]

BOOM BUST BOOM: MINSKY AT THE MOVIES

I highly recommend a movie to be released next year (that is, the year that begins next week). Terry Jones, of Monty Python fame, is one of the key developers of the film. It is on the Global Financial Crisis, but also provides a quick history of bubbles and crashes. It is highly entertaining and […]

Turkish Economy Living on Borrowed Time

I looked at emerging market (EM) exchange rates against the dollar on the night of Dec. 17, right before the Federal Reserve’s (Fed) interest rate decision. The Turkish Lira was the second most depreciated currency against the dollar, right after the Russian ruble. Here the into. to my latest Hurriyet Daily News (HDN) column, where […]

What’s Wrong with Heterodox Economics Journals?

I just came across a very interesting bit of research, A Guide to Paradigmatic Self-Marginalization: Lessons for Post-Keynesian Economists by Leonhard Dobusch and Jakob Kapeller; you can find it here: http://www.dobusch.net/pub/uni/Dobusch-Kapeller%282009%29A_Guide_to_Paradigmatic_Self-marginalization-WP.pdf. I realize this is not going to be of interest to many of our readers, as it is a sort of “inside the halls […]

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