Category Archives: Models

Krugman clarifies: modern Keynesians are no planners.

Posted on May 4, 2011 by

“I do think it’s useful to read Keynes. But Greg is right: modern Keynesianism is to be understood through the views of modern Keynesians, not by hunting through the original works for hidden meanings. And modern Keynesians are emphatically not … Continue reading →

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Just who are Paul Krugman’s people? And a side dish of MMT

Posted on April 20, 2011 by

I know Paul thought he was just being relaxed. Moses knows we all have a right to relax de temps en temps but it is a really remarkable slippage. In his latest post he writes: So: I basically think of … Continue reading →

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The Problem with Africans and Arabs

Posted on March 2, 2011 by

April update. This blog post was turned into a full article. Published here: http://www.pambazuka.org/en/category/features/71735 ——— The way the term Arab is being thrown around these days is enough to give a person reason to pause while celebrating the victories of the … Continue reading →

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Two paradoxes. Why?

Posted on February 2, 2011 by

Why am I thinking about the paradox of thrift and the paradox of production costs?

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Big Lie of 2010 No. 9: We are all middle class

Posted on December 18, 2010 by

Canadians like to think of themselves as middle class. Notice the fan fare attached to the release of Hulchanski’s and co. study on the trend toward the hollowing out of the middle class. I had always thought the term “middle … Continue reading →

Posted in Canadian Politics, Class War, Education, liberal economic theory, Models, Neoliberalism, Propaganda | 2 Comments

David Henderson makes one good point on Canada’s budget triumph

Posted on October 8, 2010 by

Note, if you are pressed for time just scroll to the last paragraph for the punch-line. Seems like everyone is picking on poor David Henderson of GMU for his working paper Canada’s budget triumph. The thrust of the paper is … Continue reading →

Posted in American politics, Budgets, Canadian Politics, central banks, competitive advantage, economic crisis, Exchange rates, liberal economic theory, Models, Neoliberalism, Stimulus, Tax Cuts, unemployment | Leave a comment

Energy and mining: employment lean and dirty

Posted on September 30, 2010 by

Now do not get me wrong I am all for job growth especially good jobs that pay above average salaries but is Canada’s current hegemonic accumulation strategy (HAS) of a resource hinterland with a financial hub really the way forward? … Continue reading →

Posted in Canadian Politics, economic crisis, environment, Free Markets, Global Warming, Models, Neoliberalism, unemployment | 1 Comment

When youth and enthusiasm defeats old age and tyranny

Posted on September 20, 2010 by

It was a calm evening. The youth were looking for revenge after untold years of humiliation at the hands of their betters. They assembled on mass with all their gear: ready to go to war. They had thought long and … Continue reading →

Posted in Canadian Politics, Class War, Models, political humour | Leave a comment

Are Canadian Economists as Smart as Paul Krugman thinks?

Posted on September 12, 2010 by

Unfortunately Krugman’s hopes that the policy conversation in Canada is more enlightened than in the US is dashed once again. Here is the set-up which is lifted from the comments section over at WCI*: Posted by: [JR] | September 10, … Continue reading →

Posted in Canadian Politics, Models, Neoclassical, Neoliberalism, Welfare Policy, welfare state | 1 Comment

Macro Models, Reality and Policy

Posted on March 29, 2010 by

Testimony of David Colander Submitted to the Congress of the United States, House Science and Technology Committee for the Hearing: “The Risks of Financial Modeling: VaR and the Economic Meltdown.” September 10, 2009 Some non-economists have blamed the financial heart … Continue reading →

Posted in economic crisis, Free Markets, liberal economic theory, Models, Neoclassical, Neoliberalism, New Keynesianism | Leave a comment