Readings on Economics...

[xthread]

I'm still hopelessly behind on my economics blogs, a side effect of the Thanksgiving holiday.

However, I would like to recommend a book and several articles that have come out recently -

• Last week's cover article in The Economist, Where have all your savings gone? discusses just what it means that the US and first world economies are deleveraging
  
• This month's Vanity Fair, of all things, has a good article by Joe Stiglitz on how overapplication of Milton Freidman's economic ideology led to the current [poor] state of the US economy. He also makes an aside dig at the it's all the fault of the CRA explanation for the housing bust.
  
• I've finally got around to reading Robert Reich's newest book, Supercapitalism. I'm only about a hundred pages in so far, but I highly recommend it. In particular, he discusses at significant length how the US economy was structured from 1945 - 1975, why we can't go back, and why statements like it's all the fault of Multinationals / Globalization / etc aren't really useful or to the point.

Comments

[lifecollage.livejournal.com]

Here's a short one for you.