Category Archives: Uncategorized

Electoral winds are blowing in Alberta and the United Kingdom: Nick Clegg repeats absurd Greek comparison nonsense

Electoral winds are blowing strongly in both Alberta and in Great Britain. The Alberta provincial election occurs on May 5th (also my daughter’s birthday and co-incidentally that of Karl Marx ). Despite protestations to the contrary by some Alberta conservatives, … Continue reading

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Second British TV leaders’ debate focuses on opposition parties:Once again the women show the progressive lead to Labour

It never ceases to amaze me how the old and deeply false assertions about deficits and debt reemerge at election time. This time is no different despite the fact that the deficit in Britain as a percentage of the GDP … Continue reading

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British party leaders debate the issues:High quality debate shows three women party leaders more progressive than the men

The BBC world news broadcast the first of the British election debates involving seven party leaders: David Cameron for the Conservatives;Ed Miliband for Labour;Nick Clegg for the Liberal democrats; Nigel Farage for UKIP; Nicola Sturgeon for the SNP the Scottish … Continue reading

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REVISITING THE NON WALRASIAN LABOUR MARKET EQUILIBRIUM

There is a very interesting debate taking place these days on the academic blogs between partisans of the classical new macroeconomics real business cycle school who are followers of the classical Walrasian position and the supporters of the Keynes camp … Continue reading

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British election May 7:Labour and Miliband on the road to power ?

The British election will be held on May 7 two months from now and the latest opinion polls show Labour ahead at 34 % well up from their 2010 result of 29 %, the Tories at 33 % down from … Continue reading

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Greece has only gained some breathing space and limited partial escape from austerity:More work to be done over next four months

After reading through the exchange of letters between Greece and the troika which are in the public domain  and the impressions of various  commentators it is now possible to get a tentative understanding of what has been agreed to. The … Continue reading

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11th hour EU 4 month extension agreement with Greece positive but details sketchy:Primary surplus commitment sensibly reduced

The negotiators from the euro zone European union on behalf of the nineteen member countries reached a  last minute deal with the Greek government to extend the existing arrangement due to expire on February 28 for a further 4 months … Continue reading

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Dual currency a solution to Greece’s problem:Germany refuses to budge

The latest news from Europe indicates that Germany continues to resist a compromise solution to the Greek crisis that is contained in the latest proposal by the Greek government for a post bailout 6 month arrangement which would permit Greece … Continue reading

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European leaders led by Germany resist sensible Greek debt restructuring: Hopefully Reason rather than pride will prevail in end

Most of the leadership of the Eurozone led by Chancellor Merkel and German Finance minister Wolfgang Schauble have so far refused to agree to any of the very sensible debt restructuring proposals made by the Greek government and brought to … Continue reading

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Syrizia off to quick start austerity rolled back on many fronts preliminary discussions underway on restructuring debt

The new Government in Greece has wasted no time in reversing austerity measures and proposing legislation and administrative measures to help the poor and the destitute. They have announced ten bills which restore the minimum wage, restore food aid programs, … Continue reading

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