Mittwoch, 21. September 2011


An excellent comparison of the current economical crisis with the 1930’s crisis can be read in the New Republic:

»Doom! – Our Economic Nightmare Is Just Beginning«

Via Paul Krugman’s Blog.

Personally I am less in favour of deficit spending and more in favour of taxing the rich. Remember, the top tier income tax rate in the U.S. after the New Deal was more than 90% (applicable only for very large incomes, of course). I think this was essential for overcoming the Great Depression.

Samstag, 17. September 2011

On the So Called “Nobel Prize” for Economics

A very interesting interview by the Institute for New Economic Thinking (INET) on the establishment of “The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel” (which is the official title):

Philip Mirowski – Why Is There a Nobel Memorial Prize in Economics?