Continue reading “Unit Labour Costs for Dummies and German Business Journalists”
EU-Budget Rules Need Reform: Reference to Nonsense Output Gaps Keeps Economy Down
Continue reading “EU-Budget Rules Need Reform: Reference to Nonsense Output Gaps Keeps Economy Down”
Competitiveness as Defined by Billionaires and Multinationals
Continue reading “Competitiveness as Defined by Billionaires and Multinationals”
What the German government must do now to turn around an unsustainable economy
Germany’s economic output contracted in the second quarter and most indications point to a worsening in the third quarter, which is just halfway through. The culprit is only superficially Donald Trump with his trade wars. The German economy has been on an unsustainable path in several respects. Now the government is called upon to act courageously and intelligently to ensure that a deep restructuring crisis is avoided.
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A leading economist who took Uber’s money and delivered favorable results sees his reputation tarnished
A year ago, I described how the controversial and well-financed ride-hauling platform Uber pays economists with data and money to do Uber-related research. This research invariably leads to favourable results, which can be used to fend off criticism and regulation. One such study has now been ripped apart in the Industrial & Labor Relations Review (ILR), a top journal in labor-economics.
CEPR vs. NBER: Two approaches for dealing with false research in favor of tuition fees
For international readers, I would like to summarize a piece on false economic research supporting tuition fees, which appeared in German in Handelsblatt on 19 February. As interesting as the fake research itself is the differing reactions of the two main channels, which had been used to publicize it: One was the prestigious Working Paper series of the National Bureau of Economic Research in the US The other was the well-read platform Vox (voxeu.org) of the London-based Centre for Economic Policy Research.
George Soros’ INET, the Trojan horse of the financial oligarchy
Four years ago, I framed it as a question: “George Soros‘ INET: An institute to improve the world or a Trojan horse of the financial oligarchy?” Today I would not use a question mark any more.Frances Coppola came to a similiar conclusion after attending the big INET gathering in Edingburgh in October.
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