Must-Reads: November 2, 2016
- Nick Rowe: New Keynesians Just Assume Full Employment: “Anyone with even an ounce of Old Keynesian blood… if they understood what the New Keynesians are doing, would be screaming blue murder that we are teaching this New Keynesian model to our students as the main macro model, and that central banks are using this model to set monetary policy…
- Ann Pettifor: Brexit and Its Consequences: “The ‘Brexit’ vote is but the latest manifestation of popular dissatisfaction with the utopian ideal of autonomous markets beyond the reach of regulatory democracy…
- Jared Bernstein: Will the Federal Reserve really have what it takes to fight off the next recession?: “Someone called me the other day all wound up because some market prognosticator convinced her that a U.S. recession was right around the corner…
- Noah Smith: Want More Startups? Build a Better Safety Net: “What was wrong with the theory?… Acemoglu et al…. [thought] the thing that determines entrepreneurial success is… how hard you try…
- IMF: 17th Annual Research Conference: Macroeconomics after the Great Recession, November 3-4, 2016: “The theme… is “Macroeconomics after the Great Recession”…
- Mervyn King: The End of Alchemy: “I tend not to blame individual bankers, but the economics profession as a whole..
Should Reads:
- Simon Wren-Lewis: Brexit and Neoliberalism: “The economics of [BREXIT] was always fantasy…. Controlling immigration is not a caricature of what the majority of Leave voters wanted, but instead what most were voting for…”
- Edward Filene (1931): Successful Living in This Machine Age: “Mass Production is not simply large-scale production…
- Aaron Carroll: How has the Medicaid expansion affected hospital finances?
- Amanda Bayer and Cecilia Rouse: Diversity in the Economics Profession:
- Best Business Books 2016: Economy
- Bayesianism versus Smoothing: In Which I Surrender Unconditionally to Cosma Shalizi