The growing divide since the 1980s is about the fortunes of large cities compared to smaller units. But the economic theory behind that dynamic can also be used to help those left behind.
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Economics
Michael Roberts: Modern Monetary Theory – Part 1: Chartalism and Marx
BRAVE NEW EUROPE has been covering Modern Monetary Theory. Here an analysis from a Marxist standpoint. By the way, there is an interesting Modern Monetary Conference in Berlin on 1 and 2 February: see here […]
Economics
Bloomberg: Italy Raises Deficit Target, Risking Fresh Conflict With The EU
Does this really surprise anyone? Read here
Economics
Ashoka Mody: Italy will need a precautionary bailout — a ‘financial firewall’ — as coronavirus pushes it to the brink
Italy’s crisis could soon become unmanageable, potentially causing mayhem in world financial markets Read here
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