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Political Economy

Economic Foundations

Posted on June 26, 2020February 10, 2021 by admin

The foundational facts about economic life that should be the starting point for a process of learning how to create an economy that provides enough for everyone. A summary of the entire blog.

Political Economy

The Marshall Plan Part 3: Don’t Call It “Aid”

Posted on March 27, 2020May 31, 2020 by admin

Funding economic development is not “aid” or “charity”, it’s in everyone’s interests to create a stable functioning economy. This is rapidly becoming apparent in the economic chaos caused by the oil-price crash and coronavirus.

Political Economy

The Marshall Plan Part 2: The Redistribution Of Trade Surpluses

Posted on March 19, 2020March 20, 2020 by admin

Learning from the Marshall Plan as a process of using wealth from a trade surplus to strengthen the international economy.

Financial Markets

Global Cooperation in the International Monetary System

Posted on December 28, 2018March 17, 2020 by admin

How Central Banks are providing a tiny amount of the needed global coordination of the financial system through “currency swap lines”.

Productivity

What Saving = Investment Actually Means

Posted on December 2, 2017March 14, 2020 by admin

An explanation of what the saving-investment identity actually tells us about how the economy functions (everything in the blog so far has been leading up to this point).

Money

The Balance of Payments Constraint

Posted on September 29, 2017 by admin

Last week I introduced the idea of a hierarchy of money.  Each level is a claim on the level above: Securities are a promise to…

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