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Archive for 'heterodox economics'

Currency Cooperation, Crowding out and Other Myths

Belatedly, two days after the fact, the Globe picked up on Bank of Canada governor Carney’s discussion of the Bank’s model of the world economy (I blogged about that speech here) at a  speech to the Ottawa Economics Association (OEA) last Wednesday.
The Globe spun the story in an unusual way by suggesting that the Bank [...]

The G-20 Growth Strategy: Self-Flagellation, Prayers and Threats

The media and pundits parsed Mark Carney’s speech today to the Ottawa Economics Association (OEA) every which way to Sunday today and concluded that Carney had effectively signaled the Bank’s intention to raise its target for the overnight interest rate sooner rather than later.
But in all the hand wringing about the inevitability of rate hikes [...]

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 [...]