Shorting Economists: The 'Experts' Keep Getting it Wrong
Article: August 19, 2010 - Truthdig. Throughout the 1990s and during the 2000s more voodoo economists likened Europe's economy to that of a "sick, sclerotic old man," until it was discovered that Europe had surpassed the U.S., creating more jobs, higher per capita growth and higher productivity. It is important that we find better measuring sticks and employ saner values for assessing what a successful economy looks like. Until then, we are flying in uncharted territory, without radar and surrounded by fog. Heaven help us!!
Article: August 19, 2010 - Truthdig. Throughout the 1990s and during the 2000s more voodoo economists likened Europe's economy to that of a "sick, sclerotic old man," until it was discovered that Europe had surpassed the U.S., creating more jobs, higher per capita growth and higher productivity. It is important that we find better measuring sticks and employ saner values for assessing what a successful economy looks like. Until then, we are flying in uncharted territory, without radar and surrounded by fog. Heaven help us!!
Austerity vs. Stimulus: Who’s Right?
Article: November 24, 2010 - Social Europe Journal. To paraphrase Denmark’s Prince Hamlet, ‘To enact austerity or not to enact austerity, that is the question.’ Unfortunately, dear Hamlet, that is a question without a sure answer. The truth is, none of the experts know what is the correct thing to do. Trichet, Bernanke, Geithner, Schäuble, Krugman, Stiglitz, Wolf, Münchau, Soros, all of them.
Article: November 24, 2010 - Social Europe Journal. To paraphrase Denmark’s Prince Hamlet, ‘To enact austerity or not to enact austerity, that is the question.’ Unfortunately, dear Hamlet, that is a question without a sure answer. The truth is, none of the experts know what is the correct thing to do. Trichet, Bernanke, Geithner, Schäuble, Krugman, Stiglitz, Wolf, Münchau, Soros, all of them.
Japan and Germany, Often Dismissed By US Economists, See Sustainable Growth and Less Unemployment
Article Posted: 22 December 2010 – New America Media. Also posted as: Reconsidering Japan, Reconsidering Paul Krugman, 19 November 2010 – Industry News.
Throughout the 1990s, and still today, Krugman has skewered Japan’s economy, its economists and its leaders.
This criticism of Japan raises the important question: What is an economy for? To produce the prosperity, security and services that people need? Or to satisfy the theories and models of economists?
Article Posted: 22 December 2010 – New America Media. Also posted as: Reconsidering Japan, Reconsidering Paul Krugman, 19 November 2010 – Industry News.
Throughout the 1990s, and still today, Krugman has skewered Japan’s economy, its economists and its leaders.This criticism of Japan raises the important question: What is an economy for? To produce the prosperity, security and services that people need? Or to satisfy the theories and models of economists?
President-Elect Obama's Stimulus Plan Is Only
Half a Loaf
Article: Friday 16 January 2009 – Truthout. In announcing his economic stimulus plan, Obama unveiled some badly needed measures, including rebuilding of roads, bridges and schools and increased renewable energy production. But his American Recovery and Reinvestment Plan misses an opportunity to more directly invest in the greatest "infrastructure" of all - the American people.
Half a Loaf
Article: Friday 16 January 2009 – Truthout. In announcing his economic stimulus plan, Obama unveiled some badly needed measures, including rebuilding of roads, bridges and schools and increased renewable energy production. But his American Recovery and Reinvestment Plan misses an opportunity to more directly invest in the greatest "infrastructure" of all - the American people.
Economic Democracy and Codetermination: Harnessing the Capitalist Engine
Book review: Posted 15 January 2010 - the Globalist (daily online magazine on the global economy, politics and culture).
In the aftermath of the economic crisis, the United States needs a new economic model — one that will decentralize power and put it in the hands of the workers. European advances in a distinct brand of 'social capitalism' are perhaps the most important innovations in the world economy since the invention of the modern corporation itself.
Book review: Posted 15 January 2010 - the Globalist (daily online magazine on the global economy, politics and culture).
In the aftermath of the economic crisis, the United States needs a new economic model — one that will decentralize power and put it in the hands of the workers. European advances in a distinct brand of 'social capitalism' are perhaps the most important innovations in the world economy since the invention of the modern corporation itself. 
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