Archive for the ‘New Posts’ Category

Brexit and austerity: they’re connected

June 27th, 2016

As I discuss in today’s WaPo, Brexit was a function of many factors: –PM David Cameron’s reckless, opportunistic political gambit: calling for the referendum back in 2013 to assuage his far right Euro-skeptics in time for the upcoming election. –Strong anti-immigration and anti-globalization sentiments. The unleashed xenophobia, surely linked to the refugee crisis, is to… Read more

From the joint dept. of: capitalism is remarkable, and we are a very sick society

June 26th, 2016

Today’s NYT mag has a piece about how the proliferation of mass shootings made the term “active shooter” part of our lexicon. The piece begins by featuring a manufacturer of bullet proof office furniture. For five years, Ballistic Furniture Systems has been developing “bullet-­resistant panels that could be fitted inside chairs, cubicles and doors.” There… Read more

UK to EU: We Out. Scattered thoughts on Brexit

June 24th, 2016

No time to organize thoughts, so here are a few synaptic firings. –I was disappointed by the outcome but not surprised. As I’ve written, this was in no small part a referendum on immigration, and the timing of the vote interacted with rising anger about this and other impacts of globalization. –The structure of the EU–a common… Read more

Do economists understand economies?

June 21st, 2016

Consider: –The economist Greg Mankiw had an essay in the NYT last week on five theories as to why growth has been so sluggish for so long (Greg’s focus was on the US, but it could have applied to Europe as well). Mankiw, a Harvard professor and writer of widely used textbooks, has long been… Read more

Read this now: Clyde Prestowitz’s masterful history of the political economy of trade in the US

June 16th, 2016

In this election cycle, the politics of trade have surfaced as a major issue, and the usual establishment position—more “free” trade agreements are always in our interest—held by both sides, is seriously on the ropes. I’ve tried to tap this opportunity to explain the nuances as I see them: –Do not conflate globalization and trade… Read more