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“This work has been carried out despite the economical difficulties of the authors’ country. The authors want to overall remark the clear contribution of the Spanish Government in destroying the R&D horizon of #Spain and the future of a complete generation” (Padilla et al. 2014: 475) Contrary to this “Acknowledgments” section, cleverly used by the researchers to submit an alarming, justified, and serious protestation, see here the posts featuring funny and witty scholars’ “#Acknowledgments'' https://economicsociology.org/2018/07/17/probably-the-best-acknowledgments-ever-4/"Another difference between #MiltonFriedman and myself is that everything reminds Milton of the money supply. Well, everything reminds me of sex, but I keep it out of my papers.” Read more on Robert Solow’s sarcastic #economics: https://economicsociology.org/2018/07/14/robert-solows-sarcastic-economics/amp/Tags
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Tag Archives: monetary policy
The Art of Central Banking (3) — No working theory of inflation and economists’ instinctual attachment to concepts
Daniel K. Tarullo, a former member of the Board of Governors of the United States Federal Reserve, draws two sharp and sound, yet unsurprising, conclusions from his eight-year (2009-2017) service: “The substantive point is that we do not, at present, have a … Continue reading
Princes of the Yen and the Japanese Shock Doctrine
“It is better for the Bank of Japan not to attract attention and remain as quit as the forest in a rural shrine.” – Hisato Ichimada, the 18th Governor of the Bank of Japan, 1946-1954 (Werner 2003: 70) “Thanks to this … Continue reading
The European corporate elite on trial: the foundation of the Eurozone and the navigation of its crisis
“Europe’s industrial bosses oscillate between fear, anger and disbelief…. Company bosses long to yell “You’re fired!” at any number of European politicians… But a majority of Europe’s businesspeople definitely wants politicians to do more to hold the euro zone together.” (The … Continue reading
Posted in Papers
Tagged corporations, elites, European integration, European Union, Eurozone crisis, fiscal policy, interest groups, monetary policy, power
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The debt crisis and austerity in the Eurozone: social and political impacts
During the past six years, the countries of the European periphery – Portugal, Ireland, Italy, Greece and Spain – have been experiencing severe economic-financial crises. In the shadow of these drastic events, the EU institutions and the IMF initiated “bailout programs” for … Continue reading
Posted in Books
Tagged austerity, banking system, debt, European Union, Eurozone crisis, financial crisis, Greece, monetary policy, policy, Political economy, politics, Spain, welfare
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What crisis? Everything must (not) change so that the IMF can remain the same.
During the last years, some economists at the International Monetary Fund (IMF) have presented papers, that allegedly rejected several neoliberal ideas (on a range of issues, from fiscal policy to capital controls) which have been preached and enforced by its … Continue reading
Posted in Papers
Tagged market fundamentalism, crisis, economics, fiscal policy, global governance, IMF, monetary policy
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