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FDL Book Salon Welcomes, Paul Davidson: The Keynes Solution: The Path to Global Economic Prosperity

By: Stirling Newberry Saturday October 10, 2009 2:00 pm

Some books are written for their moment. When John Maynard Keynes published his General Theory the world was, in fact, more than ready. Key ideas had already been put forward in papers and letters, and political figures were already looking for a means to implement truths the felt to be correct. Keynes advised, prophesized, synthesized, and proselytized. But to some extent he was a victim of the breath of his ideas and the range of his converts. As with many other epoch making ideas, it was in redaction and reduction that Keynes came to the world.

Some Notes from the Job Front of the War on Prosperity

By: Stirling Newberry Sunday August 23, 2009 12:30 pm

What's a vaporjob? Well, read this from a job seeker: offered a job, the company rescinded it. While there are remedies, they depend a great deal on the state. However, in the end, there really isn't one, except publicizing the company. But people don't want to do that, because it is more likely to be a black mark on the job seeker, than on the company.

It Takes The Village To Raze the Economy: Some Notes On Krugman and the Return of Keynes

By: Stirling Newberry Sunday August 16, 2009 12:30 pm

Keynes saw what happened in the early 20th century what could happen if a small inbred circle of people consistently were allowed to choose short term expediency over long term efficacy. We are going down the same road, and it ends in the same place. This is why it is essential to return to the ideas of Keynes, in a more profound way than has yet happened in the public debate.

The Downturn is Over for Wall Street, but Main Street’s is Still Going On

By: Stirling Newberry Sunday August 9, 2009 1:00 pm

There is no precise definition in economics of a recession. The rule-of-thumb definition is "two consecutive quarters of negative GDP" sounds good until you realize that GDP is measured in quarters, not months. This is why the NBER uses the term "downturn" because in economic reality, the period of falling economic activity is likely surrounded by difficult times, either before, or more generally, after.

The Failure of Phantom Victory in Afghanistan

By: Stirling Newberry Sunday August 2, 2009 12:29 pm

The US military is designed to decapitate, not occupy. US strategic doctrine focuses on social and systematic roots of conflict, but the firepower-based military does not create the conditions for development to take root. The US escalation in Afghanistan is foolish on current economic grounds, on military grounds, and in light of the disintegrating conditions on the ground.

China Halts Steel Factory Sale After Manager is Beaten To Death

By: Stirling Newberry Sunday July 26, 2009 1:00 pm

If you need to know where we are, it is not 1930, despite what the establishment thinks, but the mid-1920's. That decade of surges and downturns, last minute deals, and the desperate attempts to hold on to a world order that is slipping through the fingers of those who had inherited it.

Fox News Slags Stimulus Bill for Being Too Republican

By: Stirling Newberry Sunday July 19, 2009 12:31 pm

A stopped clock is right twice a day, runs the old joke, you just have to keep looking at it. Fox News is running with a story about how the states hardest hit by the stimulus bill get the least money. They are right, but, as you would expect, they don't tell you why, really, and they don't exactly make sense in many of their measurements.

Where David Cameron Is Now, the GOP Wants To Go in 2012

By: Stirling Newberry Sunday July 12, 2009 12:30 pm

The death of Robert McNamara, Secretary of Defense under Kennedy and Johnson, architect of not only the Vietnam War, but of the Defense Department's role in the nuclear age, offers a useful lens to the present. McNamara is, in a phrase, one of the demons against which American politics has reacted since.

You Are Here: In the Pit of a Depression

By: Stirling Newberry Sunday July 5, 2009 12:30 pm

Read it and weep optimists. A month ago the "green shoots" narrative was all over. Those "green shoots" have been eaten by the panda, and squashed flat by speculators in resources. It is time for Congress to wake up, and smell the depression.

The Real Meaning of Waxman-Markey

By: Stirling Newberry Sunday June 28, 2009 12:30 pm

It's about the rents, stupid. Anytime an economic thinker is confused, befuddled, or in love with his own genius, it is profitable to go back to Adam Smith, and realize that most of what has been done is footnotes to The Wealth of Nations. In the case of political economy, the desire to be free of competition and collect revenue forever based on work that was done in the past, is the single dominating factor that leads to the dissolution of free markets.
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BOOK SALON
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Friday, November 20, 2009 12:00p Eastern

Chat with Maggie Mahar about her new book.

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Saturday, November 21, 2009 5:00pm Eastern

Chat with David Owen about his new book.

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