Yanis Varoufakis, Wolfgang Munchau – Europe just celebrated an illusion in Hungary

John Weeks explains why one does not need an economist to understand economics, why austerity in Britain was and is unnecessary, the importance of gilts in a society, and lots more.  

The excellent Marginal Revolution team have come up with this video exploring some of the benefits and drawbacks of globalisation. The Branko Milanovic “Elephant Curve” makes a notable appearance!

There are three fundamental issues that lie at the heart of our current economic malaise: the first is unearned income and wealth from land rent, the second is the creation of money by privately owned […]