Matías Vernengo
@nakedkeynes
Econ Prof, Bucknell U, director of BIPP, & editor in chief New Palgrave Dictionary. Founding editor (emeritus) Review of Keynesian Economics
From Ray Monk's review of a few books on Einstein for the @lrb.co.uk: "in so far as the laws of mathematics refer to reality, they are not certain, and in so far as they are certain, they do not refer to reality." This fits economic models too
Today at 4pm (EST) the Godley-Tobin Memorial Lecture by Professor Jayati Ghosh (link for the YouTube channel below)
This Friday in Rio (2pm EST). I'll provide the link to the Zoom later
Old poster of a conference we organized in honor of her work back in 2008
New issue of the Review of Keynesian Economics (ROKE). I wrote a review of Glory Liu’s book on Adam Smith, whose Wealth of Nations is 250 this year
Great rhetorical moves: Let me say something and then immediately contradict myself
This the chart I use in my first class of the history of economics. The Smith/Ricardo/Marx vs Bentham/Mill/Marshall or social conflict vs rationalist/utilitarian traditions. I teach this course less than I would like
The review starts with the famous quote from Sraffa on how we do not understand the classical authors anymore. Remains true almost a 100 years later
I’ll be at the Progressive International’s Bogotá event, Economía para la Vida, a public festival and conference on building fair alternatives to today’s global economic order, with speakers including Gustavo Petro and other ministers, economists, and academics
First look at the new cover of ROKE launching for the 15th anniversary next year
The oil shock is important and will probably be more persistent in ways the Ukraine one wasn't. However, there are some reasons not to be overly pessimistic yet. In fact, in real terms we are far from the 70s shocks. The share of Middle Eastern global oil production has fallen since the 1970s
People don’t read Kalecki enough. This is from ‘The Fascism of Our Times’ (1964). To be noted that fascism is compatible with diametrically opposed economic philosophies, laissez faire and interventionism
IDEAS está organizando lecturas orientadas de clásicos de la economía estructuralista latinoamericana (y de Kalecki y Marx que fueron influyentes en el pensamiento de la región). Mas información en el link
I didn’t add these two to my list at the end of the post, but both are worth reading too (Milgate and Stimson that I did cite are a response to Winch to some extent)
Rereading this little book of interviews with Claude Levi-Strauss that my mom gave me in the 1980s. Back then I didn’t know that writing and money appeared symbiotically, an accounting method and a unit of account. Writing was connected to power he said
Oil price up by 20% since bombing of Iran and 25% in the past month. This might lead the Fed to hold rates
Tonight at 5:15 EST this talk. Zoom link below bucknell.zoom.us/j/7666835802...
Since the Easterns will not be in the US this year (in the Dominican Republic in May), John Jay and the New School Econ departments are organizing a conference on the traditional date (last weekend of February) in New York. More info in the link, including registration and the program
Teaching about the Great Depression and the New Deal (not sure it’s the Holy Grail of macroeconomics). At any rate, who said this?
The Review of Keynesian Economics will sponsor the 9th Godley-Tobin Memorial Lecture next July in Rio with Jayati Ghosh @elgarpublishing.bsky.social
The second, and more importantly, is the notion that capitalism requires rules that bind the powerful and the weak in the same way. True, workers entered voluntarily into the labor market. The option is to be exploited or not (as Joan Robinson suggested) /2
Venezuela doesn't need predation. On that we agree. But there are at least two problems with Ricardo Hausmann's piece on Venezuela. One is the presumption that the US often (breached sometimes) wielded power in a benevolent way, and that coercion was only used for noble purposes /1