Tags: abba lerner

Heroes of the Great Depression II

April 22nd, 2013
in Op Ed, syndication

Written by Sig Silber Editor's note: Sarcasm detected. I only took one course in International Trade and was very impressed with the Marshall Lerner Condition which needs to hold to have devaluation improve your balance of trade. The Marshall Lerner… more »

From Central Bank Independence to Democratic Public Finance

January 27th, 2013
in Op Ed, syndication

Dan Kervick, New Economic Perspectives Effective governance in any country requires a well-designed system of public finance through which that government can achieve its various purposes and pursue the public interest.  If the system of public fina… more »

Deficit Spending: Time to Reframe the Debate

April 8th, 2011
in Op Ed

The next time someone tells you that the US government cannot "afford" to keep its promises to retirees, fund the arts, build bullet trains, and so on, ask them whether they understand a very simple accounting relationship which the author maintains is the most important identity in economics. more »

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