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Category Archives: Labour Market and Distribution of Income

Public Debt and Wages – Are Sanity and Reason Catching On in the Real World?

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14. January 2020 I Economic Policy, Economic Theory, Europe, Labour Market and Distribution of Income

Neo-classical economics is falling apart before our very eyes. While academics of the school try to prop it up and Germany alone clings to it, in the real world things are moving on.
Translated and edited by BRAVE NEW EUROPE
It is usually only a matter of time before ideas for which there is clear empirical evidence can no longer be denied even in those circles that initially reject them outright for ideological reasons. …

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Staatliche Schulden und Löhne – bricht die Vernunft sich Bahn?

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12. January 2020 I Countries and Regions, Economic Policy, Economic Theory, Europe, General, Labour Market and Distribution of Income

Es ist meistens nur eine Frage der Zeit, bis Ideen, für die es eine klare empirische Evidenz gibt, auch in den Kreisen nicht mehr verleugnet werden können, die ihnen aus ideologischen Gründen zunächst schroff ablehnend gegenüber stehen. Das war bei den staatlichen Schulden so und jetzt gilt es allmählich für den Zusammenhang von Löhnen und Preisen. …

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Heiner Flassbeck on Trump’s Tariffs Trade War

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9. March 2018 I Countries and Regions, Economic Policy, Europe, Financial Markets, General Politics, Globalisation and Development, Labour Market and Distribution of Income

Heiner Flassbeck gave an interview to the Real News network yesterday. What is Trump up to now again? Understandably, many Americans (and others) are anxious about Trump raising tariffs on steel and aluminium. Flassbeck first relatives the impact of Trump’s measure and he goes on to propose a framework to make ’free’ trade work for everyone involved. …

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