Rearranging the deck chairs on a sinking ship
Written by Steven Hansen
I was opposed to Obamacare when I read the actual legislation before it was passed by Congress. My concern was that it was not designed to reduce overall health care expenditures - it only redistributed costs between the insured.
by Philip Pilkington
In her excellent book Economic Philosophy (available as a PDF here) Joan Robinson undertakes an extensive discussion of marginal utility theory. Here I will be more so interested in her technical criticisms. But before going into these it should be noted that Robinson characterises the impetus of marginal utility theory in a way many might find unusual.
December 7th, 2016
in trade data
-- this post authored by Chad Bown, Peterson Institute for International Economics; CEPR Research Fellow
The recent pace of globalisation has led to disheartening job loss for some Americans, especially in certain communities that backed Mr. Trump in the election. While imports and exports indisputably contribute big gains to the US economy overall, those resulting benefits have not been adequately shared.
December 4th, 2016
in eurozone and euro