Must-Reads: September 30, 2016
- John Maynard Keynes (1936): The General Theory of Employment, Interest and Money, Chapter 13: The three divisions of liquidity-preference….
- David Glasner: Price Stickiness a Symptom Not a Cause: Nick [Rowe], following a broad consensus among economists, identifies price stickiness as a critical cause of fluctuations in employment and income….
- John Maynard Keynes (1937): The General Theory of Employment: Now a practical theory of the future based on these three principles has certain marked characteristics…
- John Maynard Keynes (1936): The General Theory of Employment, Interest and Money, Chapter 12: So far we have had chiefly in mind the state of confidence of the speculator or speculative investor himself…
- Simon Wren-Lewis: A General Theory of Austerity, Cynicism and Opportunism: Was austerity an unfortunate accident?…
- Dan Davies: On Deutsche Bank
Should Reads:
- Dan Davies: The really interesting question is: “how much damage is going to be done by DBK limping along as an undercapitalised hulk?”
- Ulrike Malmendier: Review of Peter Bang: “The Roman bazaar: A comparative study of trade and markets in a tributary empire”.
- Duncan Weldon: Negative yields, the euthanasia of the rentier & political economy
- Duncan Weldon: Whatever happened to deficit bias?
- Maria Popova: Don’t Heed the Haters: Albert Einstein’s Wonderful Letter of Support to Marie Curie in the Midst of Scandal: “If the rabble continues to occupy itself with you, then simply don’t read that hogwash, but rather leave it to the reptile for whom it has been fabricated…”
[14,000-year-old campsite in Argentina adds to an archaeological mystery: http://arstechnica.com/science/2016/09/14000-year-old-campsite-in-argentina-adds-to-an-archaeological-mystery/