As GDPs crumble… With the pause button pressed on nearly half of economic activity in the US and the EU for what is likely to be at least a period of three months, consumption, investment…
Flattening the curve – the Phillips curve that…
I did an extended interview over the weekend and during that interchange it became obvious that when a newcomer encounters the concept of the – Job Guarantee – for the first time, they may only…
Isolation Waltz
from The Guardian Move over Mozart, here comes Stelios Kerasidis. A seven-year-old Greek prodigy has penned an “isolation waltz” inspired by the pandemic. The hypnotic, fugue-like melody has picked up more than 43,000 hits on YouTube since…
Highest U.S. unemployment rates in history and tomorrow
Email subscription to this blog Real World Economics Review The RWER is a free open-access journal, but with access to the current issue restricted to its 25,952 subscribers (07/12/16). Subscriptions are free. Over one million…
Health care MUST be in public provision and…
Home > Uncategorized > Health care MUST be in public provision and accessible to all in order to . . . Health care MUST be in public provision and accessible to all in order to .…
Deaths and new cases
Email subscription to this blog Real World Economics Review The RWER is a free open-access journal, but with access to the current issue restricted to its 25,952 subscribers (07/12/16). Subscriptions are free. Over one million…
Tip of the iceberg – the US labour…
On April 3, 2020, the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – March 2020 – which shows a deteriorating labour market situation due to the…
Dumb and Dumber — the Chicago version
from Lars Syll A couple of years ago, in a lecture on the US recession, Robert Lucas gave an outline of what the New Classical school of macroeconomics today thinks on the latest downturns in the US…
Job contagion
Job contagion from David Ruccio source Evidence thus far suggests that low-wage workers, most of whom can’t perform their labor remotely, are more likely to either lose their jobs (because of shutdowns, especially in leisure…
Maths and economics
from Lars Syll Many American undergraduates in Economics interested in doing a Ph.D. are surprised to learn that the first year of an Econ Ph.D. feels much more like entering a Ph.D. in solving mathematical…