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Monthly Archives: May 2012
Monetary theory and fiscal policy:the insights of Alvin Hansen
One of the greatest interpreters of J.M.Keynes was the American economist Alvin Hansen whose A Guide to Keynes became a staple for beginning macro students during the 1950s and sixties. Hansen made several important errors of interpretation and the IS LM … Continue reading
The Ghost of Maurice Duplessis
The Québec conflict over access to higher education and the refusal of the embattled Liberal party government of Jean Charest to compromise the principal of a major increase in fees has reached a critical point. With the adoption by the … Continue reading
Posted in Canada, civil liberties, Québec, Uncategorized
Tagged authoritarianism, civil liberties, Maurice Duplessis
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François Hollande a Supply Sider ? Oh M.Hollande SVP Say it ain’t So .Victor Hugo Would Not Approve.
Well it didn’t take long. Its not even 24 hours since François Hollande has assumed the Presidency of France and already some insiders are claiming, perhaps accurately although in my view its still too early to say definitively that M.Hollande … Continue reading
Greece on road to new election;François Hollande begins his term as Président of France
This has been a watershed day in Europe. With considerable pomp, much joy and great expectations François Hollande has begun his term as seventh Président of the fifth République following in the historic footsteps of Charles De Gaulle, Georges Pompidou, … Continue reading
Posted in Uncategorized
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Greek talks appear to fail:New elections very likely;anti-austerity a growing movement
According to the latest reports from Greece the talks among the three leading party leaders and the Greek president have failed to reach an agreement essentially because Syriza is sticking to its position and refusing to agree to enforcing extreme … Continue reading
Mélenchon challenges Le Pen in her Pas de Calais assembly seat; Greece new election very likely
Jean Luc Mélenchon , the left wing anti-austerity candidate for the French presidency has announced that he will be a candidate against Marine Le Pen, the right wing National Front Presidential candidate who holds a national Assembly seat in the … Continue reading
Greece has a GDP as large as…Minnesota or Alberta !
Just to put matters into a bit of perspective we should note that the GDP of Greece in 2011 was 217.8 billion Euros or roughly 283 billion U.S. $. The GDP of Alberta in 2011 was 286.6 billion C $ … Continue reading
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Greek political stalemate continues: Pasok tries to get agreement on government that backs austerity but seeks to soften its impact
The head of Pasok has been handed the mandate to hammer out an agreement to form a coalition government from itself with 13.4 % of the vote, New Democracy with 19 % of the vote and the social democratic party … Continue reading
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Coalition building in Greece:A coalition may require Pasok &New Democracy party factions to co-operate with the left.
The head of the the second most sucessful party , Syriza , the coalition of the Left , Alexis Tipras has now been given the task of trying to form a government around an anti austerity position, after New Democracy … Continue reading
Stock market reaction knee jerk and irrational…as usual
The negative initial reaction to the election in France of François Hollande and the repudiation of austerity in Greece was not unexpected. Nevertheless it is irrational and by the end of the day stocks seem to be recovering although the … Continue reading
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