Saturday, January 09, 2016

Wray on Minksy

Why Minsky Matters: An Introduction to the Work of a Maverick Economist, by L. Randall Wray by Victoria Bateman



Piketty and Capital in the 21st Century

Capital, Predistribution and Redistribution by Thomas Piketty


DeLong and monetary financing

Future Economists Will Probably Call This Decade the 'Longest Depression' by Brad DeLong
What we need now is 1) debt relief to unwind the overhang and 2) much tighter financial regulation to prevent the growth of new fragilities. And if those prove inconsistent with full recovery, then we need massive government spending on infrastructure and other investments financed by money printing until full employment is reattained.