Deepak K

Any recommendations on work that extends the critique from the Cambridge Capital Controversy to microfoundations in the new neoclassical synthesis/new consensus/New-Keynesian model?

Any leads would be appreciated!

#econsky #macrosky

Did COP29 Fail Women? | by María Fernanda Espinosa - Project Syndicate María Fernanda Espinosa is unimpressed by the latest UN Climate Change Conference's outcomes for gender-responsive finance.

"Women and children are 14 times more likely to die in climate-related disasters than men, and women comprise 80% of those displaced by extreme weather...yet for every $100 of climate finance deployed globally, only 20 cents goes toward supporting women."

www.project-syndicate.org/commentary/c...

🆕 The new climate finance text is out and we’re down to two main options ministers came up with. unfccc.int/sites/defaul...

No “headline” number yet, but option 1 is an indictment of climate finance as it currently is. Countries will settle for billions so long as it’s *not more loans*.

Would appreciate being added, thank you!

Would appreciate being added, thank you!

*linear relationship

Forerunner of the 'empirical' Phillips curve, that theoretically postulates an inverse relationship between inflation and level of production, a full four years before THE Phillips curve paper.

Curiously, it is wholly possible that Phillips was selective about his empirical analyses to suit his theoretical priors – he wrote a paper 4 years before THAT paper that theoretically proposed an inverse relationship between inflation and 'level of production'

The OG Phillips curve was NOT an empirical relationship b/w inflation and unemployment, but b/w rate of change of money wages and unemployment in the (formal sector of) the UK.

This transposition of change in money wages to inflation depends on strong distributional and institutional suppositions.

As promised (threatened?), I made a starter pack of heterodox and political economists! You'll see a range of pluralist theories here, as well as some heterodox-friendly economists that may be more mainstream. go.bsky.app/J86RtKh

Here’s why @ingridhk.bsky.social, @surbhikesar.bsky.social, and I think that the 2024 Economics ‘Nobel’ winning framework of understanding how institutions are formed and affect prosperity is Eurocentric, ahistorical, and wrong www.epw.in/journal/2024...

The Fed and the “Soft Landing” - Policy or Luck? The biggest factor in accounting for the strength in the economy is the continuing importance of the wealth effect in sustaining consumption by the affluent.

"A major factor in the decline [in US inflation] is the simple fact that America’s workers were..unable to raise their nominal wages in line with the rise in the cost of living. Falling real wages absorbed the shock to the price level"

www.ineteconomics.org/perspectives...

"Europe is clearly battling to stall its decline in the global economy..this European disease, while leading to much handwringing on the future of Europe vis-à-vis the rest of the world, is in practice triggering economic conflict within Europe as well."

www.networkideas.org/news-analysi...

From the Crimson piece I see Larry Summers & Jason Furman have denounced the denunciations while calling the Palestine solidarity statement outrageous. This is why so many of us are fed up with the liberal Zionist establishment: bullying, repression, and authoritarianism are what Zionism has become.

An acknowledgement of women’s work in economics - hits, misses, and a long road ahead The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2023 was awarded to Claudia Goldin, professor of economics at Harvard University, for “having advanced our understanding of...

In today's Hindustan Times, Rosa Abraham and I write about the works of the 2023 Nobel in Economics, Claudia Goldin - some of the key contributions, relevance for India, and where it falls short.

#econsky

www.hindustantimes.com/india-news/a...

Global value chains have lengthened, although without the accompanying network densification that might indicate that supplier relationships are diversifying.

New paper by BIS:

www.bis.org/publ/bisbull...

Sky Follower Bridge Instantly find and follow the same users from your Twitter follower on Bluesky.

👋🏽 This makes the transition smoother: chrome.google.com/webstore/det...

Why These Leftists Oppose Free Money A conversation with Daniel Zamora Vargas and Anton Jäger about why a “basic income” isn't such a progressive welfare idea.

Veterans of the many guaranteed income threads on Twitter (RIP) won't be surprised by anything here but it is a good intro to critiques of UBI/GI from the Left.

www.thenation.com/article/econ...

In one of Robert Bork’s papers there’s an offhand remark about “the uneconomic concept of power.” If power is an uneconomic concept, then economics is a worthless discipline that should be abandoned, nothing more than propaganda & ideology, not a social science. 📉📈