Robert Skidelsky is an eccentric British economist: trained at Oxford, author of a definitive three-volume biography of Keynes, a Lord who sat with the Tories as their economics critic during the Blair regime, who now sits as an independent who is aligned with Labour's left wing. Back in September, Yale University Press published Skidelsky's latest book, Money and Government: The Past and Future of Economics, a retelling of the history of economics as a discipline that seeks to uncover how economics' failings created the 2008 crisis and have only made things worse since.
Read the rest
Not much detail, as the paper that makes the claim is only available at present to American Economic Association members; but in Did Austerity Cause Brexit? University of Warwick economist Thiemo Fetzer asserts that he found a "significant association between the exposure of an individual or area to the UK government’s austerity-induced welfare reforms begun in 2010, and the following: the subsequent rise in support for the UK Independence Party, an important correlate of Leave support in the 2016 UK referendum on European Union membership; broader individual-level measures of political dissatisfaction; and direct measures of support for Leave. Leveraging data from all UK electoral contests since 2000, along with detailed, individual-level panel data, the findings suggest that the EU referendum could have resulted in a Remain victory had it not been for austerity." (Image: Peter Damian, CC-BY-SA) (via Marginal Revolution)
Read the rest
Apologists for wealth inequality often argue that inequality is a poor measure of whether a society is just or not: in the gospel of the right, society naturally forms hierarchies with the "best people" at the top (depending on what kind of right winger you are, that's either rich people or male people or white people or straight people, or some combination thereof), and they proceed to bring prosperity to all of us by ordering us around and telling us what to do, so that their wisdom can be played out for the world (see also: "job creators").
Read the rest
In the late 1800s, the American Medical Association invented the anti-abortion movement, but over time, its ceased to advocate on either side of the debate -- until a bizarre 1997 statement supporting a GOP bill banning late-stage abortions (later revealed to be a "blunder" on the part of the trustees), after which the group returned to silence.
Read the rest
Libertycon is the annual conference of Students for Liberty, a libertarian youth group, held in DC; at this year's conference, Google was the $25,000 platinum sponsor, while Facebook and Microsoft were each $10,000 sponsors.
Read the rest
