mainly macro: Understanding George Osborne – Simon Wren-Lewis

This is an excellent blog from leading Oxford economist, Simon Wren-Lewis. It’s strongly recommended reading. Check it out!

via mainly macro: Understanding George Osborne.

The article argues that whilst UK Chancellor, George Osborne, has been successful politically in reducing the size of the UK’s public sector, his record in terms of macro-economic policy has been questionable. Most importantly, this also raises large questions about macro-economic policies going forward, after the next election (assuming a Conservative win).

Any thoughts?

Video interview with Joe Stiglitz on Financial and Real Crises in the World Economy

Cropped picture of Joseph Stiglitz, U.S. econo...

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In the Shapiro-Stiglitz model workers are paid...
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I strongly recommend that you check out this video interview with Joe Stiglitz on “Financial and Real Crises in the World Economy“.

via Video interview with Joe Stiglitz on Financial and Real Crises in the World Economy.

Joe Stiglitz is a former Nobel winner and a former Chief Economist at the World Bank.

In the interview, Joe Stiglitz answers important questions on jobs, debt levels, the Euro crisis and structural transformation required in the US and other mature economies.

Joe Stiglitz is a passionate anti-austerity campaigner, so he has my support!

Do you agree with Joe Stiglitz?