What Will Follow the Demise of Privatised Keynesianism?

The mind will follow.

So subtle yet so savage was my descent into madness that my friends and neighbors, looking for a cause, thought I must have done something terribly wrong. It was 1979. I was 23. In the community where I had lived since I was a small child, many people believed God would not inflict such painful and irregular behavior on someone unless he or she deserved it. If I were not personally culpable, su...

Can Penal Keynesianism Replace Military Keynesianism? by L

Preventing suicide: what will work and what will not.

Circularity and the Undervaluation of Privatised Companies

Circularity arises in regulation if the value of a company’s assets used to set prices is itself determined by future earning capacity. The view that it is not possible to determine values and prices in these circumstances has become well established in the literature. In this paper we formalise this precise circularity result. We then show that if there is a possibility of future review and th...

What Will Probably Happen