Reading List: North Korea’s Economy: Drug Dealing, Counterfeiting, Smuggling

21st December 2011

David Romer: The Need for Fiscal Policy

Before the crisis, there was broad agreement among macroeconomists and policymakers that short-run stabilization was almost exclusively the province of monetary policy. "We now know that this view was wrong." Brad Delong says we need fiscal tools for short-run stabilization. Brad DeLong

 

Krugman is wrong about China

Matías Vernengo believes that China's growth is being driven by government spending and rising real wages, not because of a housing bubble. Naked Keynesianism

 

The triumph of the death of methodology and the history of economic thought

David F. Ruccio: "After a brief flirtation in the 1960s and 1970s, the grandees of the economics profession took it upon themselves to express openly their disdain and revulsion for the types of self-reflection practiced by ‘methodologists' and historians of economics." occasional links & commentary

 

A Classification of Libertarianism

Lord Keynes gives us an updated classification of free market libertarians: "It is obvious that not all free market libertarianism is derived from neoclassical theory. The Austrians and the cult of Rand are not really based on neoclassical theory." Social Democracy For The 21st Century

 

North Korea's Economy: Drug Dealing, Counterfeiting, Smuggling

The North Korean government has made money by selling drugs and counterfeiting U.S. dollars. National Public Radio

 

Got any other suggestions for what we should be reading? Tell us below? 

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