User:Nick Gardner /Sandbox: Difference between revisions

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Links for Great Recession/Diagnosis and Remedies
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==Index and Glossary==
There is an index to the topics dealt with in the economics articles [[Economics/Related Articles|here]], and a glossary of economic terms [[Economics/Glossary|here]].


'''economics'''
See also the  [[Politics/Index|'''index to the politics articles ''']].


We are buying a lot of housing at rising prices, but home ownership has become a vehicle for borrowing as much as a source of financial security. As a nation we are consuming and investing about 6 percent more than we are producing.....what holds it all together is a massive and growing flow of capital from abroa...this seemingly comfortable pattern can't go on indefinitely...
[[User:Nick_Gardner#Methodology|methodology]]
I don't know whether change will come with a bang or a whimper, whether sooner or later. But as things stand, it is more likely than not that it will be financial crises rather than policy foresight that will force the change.


<ref>[http://www.washingtonpost.com/wp-dyn/articles/A38725-2005Apr8.html Paul A. Volcker: ''An Economy On Thin Ice'', Washington Post, April 10, 2005]</ref>
{|align="right" cellpadding="10" style="background-color:#FFFFCC; width:40%; border: 1px solid #aaa; margin:20px; font-size: 92%;"
|"''The European Union is something ...
very precious, not only for us in Europe, but also for the rest of the world. Because the European Union is, in fact, the result of a project for peace that brought together nations emerging from the ruins of the Second World War. It was the European Union that united them in peace around the values of respect for human dignity, freedom, democracy, justice, rule of law and respect for human rights.''"


 
:Merci Olsson, of Nobel Med, congratulating  President Barroso on the award of The Nobel Peace Prize t the European Union, 12 October 2012.
 
|}
 
 
 
House prices have risen by nearly 25 percent over the past two years. Although
speculative activity has increased in some areas, at a national level these price increases
largely reflect strong economic fundamentals, including robust growth in jobs and
incomes, low mortgage rates, steady rates of household formation, and factors that limit
the expansion of housing supply in some areas. House prices are unlikely to continue
rising at current rates.
<ref>[http://www.house.gov/jec/hearings/testimony/109/10-20-05bernanke.pdf Ben Bernanke: ''The Economic Outlook'', Testimony before the Joint Economic Committee, October 20, 2005]<ref>
 
 
 
(Testimony of Dr. Alan Greenspan before the Committee of Government Oversight and Reform October 23, 2008[http://clipsandcomment.com/wp-content/uploads/2008/10/greenspan-testimony-20081023.pdf])
 
<ref>''The Economic Crisis and the Crisis in Economics'',
INET Inaugural Conference @ King’s College April 8-11, 2010  Institute for New Economic Thinking[http://ineteconomics.org/initiatives/conferences/kings-college ]</ref>
 
 
Krugman
 
 
on why <ref>[http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html?_r=2&partner=rss&emc=rss&pagewanted=all Paul Krugman: ''How Did Economists Get It So Wrong?'', New York Times, 2 September 2009]</ref>
 
 
 
 
 
 
By PAUL KRUGMAN
Published: September 2, 2009
 
Flanders
 
new clothes [http://www.google.com/reader/view/#stream/feed%2Fhttp%3A%2F%2Fwww.bbc.co.uk%2Fblogs%2Fthereporters%2Fstephanieflanders%2Fatom.xml]
 
A busted flush? [http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/2009/07/is_economics_a_busted_flush.html]
 
NYT on debate[http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html?_r=2&partner=rss&emc=rss&pagewanted=all]
 
Debate Transcript <ref>[http://news.bbc.co.uk/nol/shared/spl/hi/programmes/analysis/transcripts/02_11_09.txt]</ref>
 
 
Tett
 
Mckenzie on Tett  [http://www.lrb.co.uk/v31/n12/donald-mackenzie/all-those-arrows]
 
:(Source: Martin Wolf: ''Fixing Global Finance'',  page 11, Yale University Press, 2009. )
<references/>
 
 
Skeleton
 
Diagnosis > remedies
 
 
Failure > conduct / institutions / understanding
 
Conduct > politics / conduct of monetary policy  / regulators / bankers / credit rating agencies / economists
 
Institutions > monetary policy / regulation /
 
Understanding > financial economics /economic philosophy
 
<references/>

Latest revision as of 04:28, 22 November 2023


The account of this former contributor was not re-activated after the server upgrade of March 2022.


Index and Glossary

There is an index to the topics dealt with in the economics articles here, and a glossary of economic terms here.

See also the index to the politics articles .

methodology

"The European Union is something ... 
very precious, not only for us in Europe, but also for the rest of the world. Because the European Union is, in fact, the result of a project for peace that brought together nations emerging from the ruins of the Second World War. It was the European Union that united them in peace around the values of respect for human dignity, freedom, democracy, justice, rule of law and respect for human rights."
Merci Olsson, of Nobel Med, congratulating President Barroso on the award of The Nobel Peace Prize t the European Union, 12 October 2012.
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