Flassbeck-Economics.com

  • Does the Left has a Future? Paul Steinhardt, Kai Tschauder 23-09-2016

    ‘Does the Left have a future?’ asked John Harris in the Guardian recently. Harris wants to know if and under which conditions a party, such as Labour, that is committed to values of ‘equality of opportunity,’ ‘solidarity’ and a ‘public space’ may in the future return to government. Translating the latter socio-political target as a commitment to a ‘public or common general interest,’ we want to make clear for the start that we, as avowed Leftists, are also being haunted by this question. What...

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  • New UNCTAD report calls neoliberalism an epic failure and argues for global Keynesian stimulus policies Will Denayer 24-09-2016

    Two days ago, Allister Heath published one of his diatribes in The Telegraph. It’s almost comical. His targets are economists, specifically macroeconomists. As he writes, not missing the opportunity to quote Paul Romer, the new president of the World Bank, completely out of context, much of macroeconomics contributes negatively to the sum total of human knowledge (see here). The problem with macroeconomic theory is that it is broken. The only ones who seemed to have it right were von Mises, von...

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  • Corbyn wins Labour Party leadership contest. Gaining members, losing voters. Labour has to move to the left. Will Denayer 26-09-2016

    Last Saturday, Jeremy Corbyn won the challenge for the leadership of the Labour Party with 61.8% of the votes. Since the Labour Party is the biggest political party in Europe, it is extremely important to see what its plans are. Picture 1: Jeremy Corbyn after the result had been pronounced (Source: The Independent). As Mark Steel writes, there will be a full three minutes of peace (see here). Calls for the party to finally unite have been made. Corbyn proposed to clean the slate and extended his...

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