Against fictions and other tall tales. Sunday, 17 January 2016. Stiglitz on credit creation by banks. We are not in a corn economy where banks serve as an intermediary between farmers who have excess seed and farmers who want more seed. We are in an economy where banks actually create credit. And that makes a very big difference. Saturday, 19 December 2015.

Toward a General Theory of Pricing. My 2017 presentation on Ireland and the Eurozone has been uploaded to YouTube. See the previous post for the link. Presentation on the Irish Economy. Presentation on the Irish economy. Book Launch in Parliament Earlier This Year. To what extent is .

Dynamics of Output and Demand in a Growing Economy. Disequilibrium Dynamics of Output and Demand. A Simple Framework for Analyzing a Demand-Led Economy. A while back on .

For some of you this post may seem superfluous and that is fine. I recommend starting at the link above that says Index. As noted in the About. There are only two significant categories,. Category is the more advanced. The FAQs or Frequently Asked Questions.

Posts are by authors of papers published in the RWER. Upward income and wealth redistribution. The Economy and the Planet. The planet and the economy. Chicago economics only for Gods and idiots.

The leadership debate in the British Labour Party seems finally to have swung around to a discussion on economic theory. What planet is Chris Leslie living on? The Labour Right needs to get a grip.

About The Personal Finance Hub. Note that this section of the website is not particularly active; I hope to publish about one personal finance article per month. Wednesday, July 22, 2015.

Commenting on my last post, Nick Rowe helpfully explained his argument. I now see his point. Simon Wren-Lewis gives a similar explanation. Here I want to get onto something more mathematically interesting. Scenario to show that debt can be used to create intergenerational inequalities.