Monthly Archives: November 2012

Labour market measurement – Part 2

I am now using Friday’s blog space to provide draft versions of the Modern Monetary Theory textbook that I am writing with my colleague and friend Randy Wray. We expect to complete the text by the end of this year. … Read the rest of this entry »

Posted in MMT Textbook | 2 Comments

Differences on the Eurozone periphery

This will be one of those blogs that lays out what a researcher does in a day as opposed from the blogs I write that use what I do in a day as an evidence base for advocacy. The former … Read the rest of this entry »

Posted in Economics, Eurozone | 14 Comments

Fiscal austerity is self-defeating

The British Office of National Statistics published the latest National Accounts data for the third-quarter 2012 yesterday, which showed a modest burst of growth, consumer driven via the Olympic Games. It is a temporary spike in a downward trend. I … Read the rest of this entry »

Posted in UK Economy | 13 Comments

Macroeconomic constraints render individual action powerless

When recessions become prolonged and long-term unemployment rises, the conservative denial machinery always scapegoats the most disadvantaged by recommending cuts to welfare to make people more desperate. This is dressed up in terms that attempt to make this sort of … Read the rest of this entry »

Posted in Economics | 14 Comments

More myths from the mining oligarchs

Australia is in the grip of a group of mining oligarchs, who are spending enormous amounts of monety to shape the economic debate to suit their own very narrow interests. They are opposed to the mining tax (a resource rent … Read the rest of this entry »

Posted in Economics | 6 Comments

Saturday Quiz – November 24, 2012 – answers and discussion

Here are the answers with discussion for yesterday’s quiz. The information provided should help you understand the reasoning behind the answers. If you haven’t already done the Quiz from yesterday then have a go at it before you read the … Read the rest of this entry »

Posted in Saturday quiz | 1 Comment

Saturday Quiz – November 24, 2012

Welcome to the Billy Blog Saturday Quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are … Read the rest of this entry »

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Labour market measurement – Part 1

I am now using Friday’s blog space to provide draft versions of the Modern Monetary Theory textbook that I am writing with my colleague and friend Randy Wray. We expect to complete the text by the end of this year. … Read the rest of this entry »

Posted in MMT Textbook | 2 Comments

British labour market is very active but stuck

The British economy has entered a double-dip recession as a result of aggregate spending slowdowns driven by a pessimistic private domestic sector, a poor net exports outlook and the increasing impacts of the fiscal austerity. The result has been that … Read the rest of this entry »

Posted in UK Economy | 1 Comment

Neo-liberals can’t even identify self-interest when it is staring at them

The British Prime Minister gave a – Speech – to the Confederation of British Industry Conference on November 19, 2012, where he outlined how tough his government had been in terms of imposing fiscal austerity. In other words, he was … Read the rest of this entry »

Posted in Economics | 15 Comments