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Another disaster at political-economic policy analysis by Brad DeLong!

Brad DeLong, professor of economics | August 8, 2015

Over at Equitable Growth: I had thought we were well-past the interwar watershed in economic policy. The interwar watershed had three parts: * The winning of the franchise by the working class. * The portfolio rebalancing of the non-entrepreneurial wealthy. * And the recognition that the gold standard was not unbreakable. The last of these … Continue reading »

Depression’s advocates

Brad DeLong, professor of economics | July 31, 2015

Over at Project Syndicate: Depression’s Advocates: Back in the darker days of late 2008 and 2009, I had one line in my talks that sometimes got applause, usually got a laugh, and always made people more optimistic. Because the North Atlantic had lived through the 1930s, I would say “This time we will not make … Continue reading »

The humiliation of Greece and Tsipras’s fatal mistake

Gérard Roland, E. Morris Cox professor of economics and professor of political science | July 15, 2015

A large part of Europe is still shell-shocked by the “compromise” that was decided in the Sunday, July 12 Eurozone marathon. Without repeating the list of reforms imposed on Greece, they are much harsher than what had been negotiated weeks and months before, even harsher than anything imposed on Greece since the beginning of the crisis. … Continue reading »

Urgently needed: An international initiative on Greece

Gérard Roland, E. Morris Cox professor of economics and professor of political science | July 8, 2015

Do not hold your breath on Sunday’s deadline for credible Greek proposals to come up to unlock the Greek crisis. This is mostly a trap to accelerate Grexit. At best, it is a Pontius Pilates move by German Chancellor Angela Merkel — to wash herself of the responsibility of Greece spiraling into chaos. Let us … Continue reading »

After the Greek ‘NO’: Europe quo vadis?

Gérard Roland, E. Morris Cox professor of economics and professor of political science | July 6, 2015

Tsipras won the referendum, but where do we go from now? Most, if not all of my Greek friends, intellectuals I highly respect campaigned for the Yes. I understand many of their concerns. Greece was institutionally not ready to enter the Eurozone. Greece politics are dysfunctional and clientelistic — there has been fiscal irresponsibility, lack … Continue reading »

Misframing the Greek protest

Albena Azmanova, visiting scholar, Institute for European Studies | February 18, 2015

The calls these days to support the Greek people’s struggle against austerity are in abundance. The Campaign for Democracy group has issued one such petition. I signed this petition, as I do support the Greek people’s fight for social justice and regaining some control of their destiny. But what a pity this is being framed … Continue reading »

The radical left has won the Greek election. Now what?

Manos Matsaganis, former visiting scholar, Center for Equitable Growth | January 29, 2015

The Greek people have spoken. The radical-left coalition SYRIZA of Alexis Tsipras has won the election with 36.3% of votes cast. Not exactly a landslide, but a clear victory over its main opponent, the conservative New Democracy (27.8%), senior partner in the outgoing government. And an impressive performance for a party whose share of the … Continue reading »