Economics and politics - comment and analysis

Palestine, or how the market fails without a state

Palestine is economically extremely dependent on Israel. Reducing this dependency must be the ultimate goal of the political effort to implement a two-state solution. However, in order for the Palestinian government to use its political power for the good, it is essential to understand the proper role of the state in the development process. …

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How it was possible for Trump to win the presidency. Trade and war casualties

In 2016, Flassbeck-economics provided extensive comment and analysis of the caucuses, the primaries and the ultimate presidential election in the USA. Afterwards, I wrote up a long piece trying to explain Trump’s victory. I pointed towards a variety of reasons, the two most important ones were Clinton’s economic program and her pro-war stance. …

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Are Keynesianism and Neoclassical economics antipodes?

Are Keynesianism and Neoclassical economics antipodes?
by Heiner Flassbeck
Keynesianism and neoclassical theory are often seen as the two main approaches in economic theory. Many assume that the large gap that exists between the two approaches or schools can be bridged by a middle oft he road approach based on pragmatic assumptions and empirical research. …

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