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The Progressive Economics Forum

Neoclassical economics fighting back from “the Ropes”?

In 2003 the the heterodox economics faculty at Notre Dame University were removed from the Economics Department. Now I gather their new home, The Department of Economics and Policy Studies, will be eliminated as well.  The story can be found in The Chronicle of Higher Education
An interesting analysis appeared today in the [...]

Posted by Ellen Russell under economic models, heterodox economics, history of economic thought.
September 23rd, 2009
Comments: 3

Canada Breaks Rank on Banker Bonuses

Canada likes to think of itself as the country that emerged from the financial crisis squeaky clean. Too bad it is abdicating a leadership role in creating a safer financial system going forward.
The issue is bonuses paid to top executives in the financial sector. It looks like the Europeans and Americans have hammered out an [...]

Posted by Ellen Russell under banks, super-rich.
September 23rd, 2009
Comments: 5

Trading on Insider Political Information

There are some really wonderful new young economists out of Canada. I just had to let folks know of a fabulous study “Coups, Corporations and Classified Information”(find it via this list) done by one of them: Suresh Naidu (one of our own) and his colleagues Arindrajit Dube and Ethan Kaplan. (In the interest of full [...]

Posted by Ellen Russell under US, foreign investment/ownership, investment.
August 17th, 2009
Comments: 1

The Wall Street Journal wants a new tax on big financial institutions

The WSJ is concerned about the implicit subsidy provided to financial institutions that are “too big to fail”(TBTF). Given the obvious willingness of the US government to support Wall Street titans during the height of the financial crisis, the market is pricing in the expectation that the government stands behind those institutions regarded as TBTF. [...]

Posted by Ellen Russell under economic crisis, financial markets.
July 17th, 2009
Comments: none