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Edward S. Herman: Master of Dissent (1925–2017)

One of the greatest and sweetest media critics ever, Edward S. Herman, has passed away. Ed was the main author of Manufacturing Consent: The Political Economy of the Mass Media, written with Noam Chomsky.

Property giant LandSec boosts profits but warns 'the headwinds of Brexit are beginning to show in the economy'

FTSE 100 firm LandSec posted boosted profits but warned of Brexit "headwinds." "Negotiations with the EU are moving more slowly than businesses would have hoped. Coupled with political uncertainty, this is leading to caution," said chief...Show More Summary

Lebanon’s economy back into crisis after PM Hariri’s shock resignation

Just when things were starting to look up for Lebanon’s economy, a new political crisis threatens to send it crashing down again. Prime Minister Saad Hariri’s shock resignation could unravel the first steps in years toward injecting some cash and confidence in Lebanon’s anemic economy. Already, the crisis is putting at risk multi-billion-dollar plans to […]

Positive outlook in Kenya

INTERNATIONAL - Kenya's economy should rebound in 2018 after drought and political turmoil during a prolonged election cycle cut nearly 1percent from this year’s early economic growth forecast, Finance Minister Henry Rotich said on Tuesday. The economy is expected to grow by more than 6percent next year, Rotich said. Show More Summary

“A mixed economy is not an economic abomination or even a regrettably unavoidable political necessity but a natural absorbing state,” and other notes on “Whither Science?” by Danko Antolovic

So. I got this email one day, promoting a book that came with the following blurb: Whither Science?, by Danko Antolovic, is a series of essays that explore some of the questions facing modern science. A short read at only 41 pages, Whither...Show More Summary

Wednesday assorted links

1. Mark Koyama on whether Rome could have had an industrial revolution. 2. The peculiar political economy of reverse grandfathering. 3. Georgian baby boom no this is not Conor Sen bait. 4. Dan Klein talk on the genealogy of Adam Smith’s liberalism. Show More Summary

The Peculiar Political Economy of Reverse Grandfathering

(November 7, 2017 02:09 PM, by Bryan Caplan) I've spent the last seventeen years trying to max out my mortgage interest deduction. So when I first read about the new Republican tax plan, my heart sank. Curses! Will all my careful scheming be brought to nothing? From the... (0 COMMENTS)

SOAPBOX: Can the economy be Irish? #ESRCfestival

SOAPBOX – The OU’s Dr Leslie Budd recalls economist George Shackle’s observation that to be an economist one has to be an anthropologist, political scientist, mathematician, philosopher, and sociologist with an interest in economics. It is these characteristics that are vital in creating a narrative and conversation about Brexit. Irish storytelling could help address the more...

Remember, Remember the Eighth of November: India’s War on Cash Assessed One Year Later

One year after India launched its demonetization debacle, the economy remains cash based, and Modi has yet to pay politically.

Saudi crown prince Mohammed bin Salman widens purge

Saudi economy suffers as a political purge by crown prince Mohammed bin Salman widens.

The Dance, by Amy Willis

Mike Munger, "the Tom Brady of EconTalk, returned to EconTalk this week to talk with host Russ Roberts about what he deems the most important concept in political economy, permissionless innovation. Should innovators ask permission first...Show More Summary

The Economic Consequences of Martin Luther: The Protestant Reformation and the Allocation of Resources in Europe

How the Protestant Reformation transformed not only Western Europe's religious landscape, but also its politics and economy.

Hensarling Won’t Run for Re-Election

Rep. Jeb Hensarling (R-TX) announced he will not seek reelection in 2018, marking the end of a political career defined by his long-running struggle to pare back government intervention in the economy, Politico reports. “Hensarling, first elected to Congress in [...]

The political economy of witchcraft

2 weeks agoNews : Daily Chart

"A WITCH! A witch! We have found a witch, may we burn her?" asks a marauding mob during a scene in "Monty Python and the Holy Grail", a 1975 comedy film. "How do you know she is a witch?", the king’s guard inquires. "She looks like one", comes the reply. The accused witch’s defence is met with little sympathy.

Michael Munger on Permissionless Innovation

Michael Munger of Duke University talks with EconTalk host Russ Roberts about permissionless innovation. Munger argues that the ability to innovate without permission is the most important concept of political economy. Munger defends...Show More Summary

Experts: Kansas depends on immigrant labor, foreign trade

Experts are saying the Kansas economy is heavily dependent on global free trade and immigrant labor at a time when both are considered charged political issues in the U.S. The … Click to Continue »

Xi Jinping is officially China's most powerful leader since Mao — here's what that means for the economy

President Xi Jinping has been elevated to the same status as Mao Zedong in a shift that might shed some light on the country's economic future. Analysts argue the political leadership is becoming more resigned to the reality of lower economic growth. Show More Summary

Roger Altman Is Confused: Policy Has Led to Inequality, not the Natural Workings of the Economy

Roger Altman, an investment banker and deputy treasury secretary under President Clinton, warned about the effect on growing inequality on national politics in a Washington Post column.He implies that this increase inequality has been a natural outcome of the market: "A series of powerful, entrenched factors have brought the American Dream to an end. Show More Summary

How Blockchain Will Accelerate Business Performance and Power the Smart Economy - SPONSOR CONTENT FROM MICROSOFT

Political economist Francis Fukuyama predicted a future when social capital would be as important as physical capital, and that only those societies with a high degree of social trust would be able to create large-scale organizations capable of competing in the new economy. Two decades later, an incredible tool is shoring up the foundations of […]

Germany’s economy is too strong. What will the new government do?

German political parties are now negotiating to form a government. Many other countries — both inside and outside the European Union — are watching nervously. The results of these government negotiations will likely affect crucial macroeconomic decisions in Germany that will in turn affect its trading partners. Germany’s economy is strong. Too strong. Ten years […]

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