Tag Archives: Political

Larry Summers and the End of Political Shame

Jonathan Kirshner Larry Summers, campaigning to become the next Chairman of the Federal Reserve Board, has a rap sheet that would make Anthony Wiener blush. In the 1990s he led the charge for the deregulations that contributed to the financial … Continue reading

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The Barriers to Full Employment Are Political, Not Economic

Malcolm Sawyer In “Political Aspects of Full Employment,” a still widely cited article from 1943, Michal Kalecki raised many questions about the ability of a capitalist economy to maintain prolonged full employment — even though in light of the understanding of … Continue reading

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The Political Economy of Managing Capital Flows in South Korea and South Africa

Kevin Gallagher In the immediate aftermath of the global financial crisis, the world economy was characterized as experiencing a “two-speed” recovery.  Industrialized nations, where the crisis occurred, saw slow growth whereas many emerging market and developing countries grew significantly.  These … Continue reading

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