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06 gen 2015 04:30

In Appreciation of Lord Robert Skidelsky–Presentation for Economists for Peace and Security

I just returned from the annual ASSA meetings in Boston. This is largely a front for the American Economics Association to produce an appearance of pluralism. The ASSA is actually run by the AEA, which allocates to itself the prime locations and biggest conference rooms—and then offers a few slots and tiny rooms for most [...]

economia | ecomonitor.com

05 gen 2015 12:38

Creative Destruction in Russia and America: The Case of Energy

There was a dramatic transformation of the world energy market in 2014 as the price of crude oil was cut in half over a six month period. The price of West Texas Crude dropped from around $110 in June to $55 toward the end of December. Prices of natural gas and gasoline ($2.40 in December) [...]

economia | ecomonitor.com

05 gen 2015 11:56

Creative Destruction in Russia and America: The Case of Energy

There was a dramatic transformation of the world energy market in 2014 as the price of crude oil was cut in half over a six month period. The price of West Texas Crude dropped from around $110 in June to $55 toward the end of December. Prices of natural gas and gasoline ($2.40 in December) [...]

economia | ecomonitor.com

02 gen 2015 15:12

Summary of Turkey in 2014: !Redrum

I use the first two columns of the year to summarize the past year’s economic agenda and share my predictions for the new year. The first one is much easier, as I have more than 100 of my columns to guide me. As I explain in its introduction, I refer to my columns from last [...]

economia | ecomonitor.com

01 gen 2015 23:56

Economics of losing weight and other New Year’s Resolutions

Now that I have my laptop, OK not “my” laptop but at least “a” laptop, I can post Monday’s (Dec. 29)  Hurriyet Daily News column as well. New Year is the time of, obviously, New Year’s Resolutions, and as your friendly neighbourhood economist, I wanted to share with you some advice from the dismal science on [...]

economia | ecomonitor.com

01 gen 2015 21:27

The economics of Christmas gifts

I love Christmas. I really do. I recently realized that I have not celebrated Christmas since moving back to Turkey from the United States in 2005, and I decided, on a whim, to spend Christmas in London, where I am writing this column on Christmas Day. But there is one Christmas tradition that seems awfully wrong [...]

economia | ecomonitor.com

30 dic 2014 02:13

The Owl Has Flown: Dr. Kelton Goes to Washington

OK, it is now official. The Owl has Flown. Stephanie Kelton is on her way to Washington. Here’s a clip from the press. Sanders names ‘deficit owl’ his chief economist BY: Joseph LawlerDecember 26, 2014 http://m.washingtonexaminer.com/sanders-names-deficit-owl-his-chief-economist/article/2557903 A prominent advocate of bigger deficits and unconventional economics will be Sen. Bernie Sanders’ chief economist when he becomes [...]

economia | ecomonitor.com

29 dic 2014 19:12

Update: By One Measure, It’s Now Cheaper to Drive Than Ever Before

In August, I posted an item showing how many miles you could drive your car on an hour’s wages. At that time, the average US price for gasoline was $3.60 per hour. Based on an average wage for production and nonsupervisory workers of $20.61 per hour and an average fleet economy of 24.3 miles per [...]

economia | ecomonitor.com

27 dic 2014 19:22

NOT DEAD YET: POST KEYNESIAN ECONOMICS LIVES ON AT UMKC

The reports of my death have been greatly exaggerated. –Mark Twain Stephanie Kelton Goes To Washington Leading Post Keynesian Modern Monetary Theorist (MMT) and Chair of the Economics Department at the University of Missouri-Kansas City (UMKC) is leaving there to become the Chief Economist of the Minority at the US Senate Budget Committee.  She is [...]

economia | ecomonitor.com

27 dic 2014 14:09

What Lies Behind the Plunge of the Ruble?

Russia’s economy is in trouble. Growth has come to a halt. A recession looms in 2015. Inflation, interest rates, and capital flight are up. The government’s budget is under strain. More than any of these, what makes the headlines is the plunge of the ruble, which, at one point in mid-December, had lost half of [...]

economia | ecomonitor.com