by Gaius Publius on 1/05/2011 09:32:00 AM



It's about time someone made the common sense argument, that if you want more jobs for the young, you want increased retirement of older workers. James K. Galbraith makes just that point in an interesting article, collectively written, called "Unconventional Wisdom" in the magazine Foreign ( Read more... )

( Why the economic crisis, and its solution, are bigger than anyone has so far admitted. )

Book Review
Unemployment During the New Deal Era by James K. GalbraithThe view that the New Deal was too small and accomplished little, that only WWII ended the Depression, is very widely held. But it is not correct. It is based on a mis-reading of reconstructed unemployment statistics from that time, which treat the workers actually employed by ( Read more... )

“The world has been slow to realize that we are living this
year in the shadow of one of the greatest economic catastrophes of modern history.”

The rest:Statement by James K. Galbraith, Lloyd M. Bentsen, jr., Chair in Government/Business Relations, Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin and Senior Scholar, Levy ( Read more... )

Very interesting, is the financial collapse and the failure of deregulation also a failure of Ayn Rand and libertarianism ( Read more... )