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Economics from the Top Down

Economics from the Top Down
New ideas in economics and the social sciences
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Average SabotageComposition Of National IncomeDebtEconomic GrowthGdpWirtschaftswissenschaftenEnglisch
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Autor Blair Fix

Are interest rates a neutral policy variable? Or are they a tool for class warfare? It turns out that the evidence speaks for itself. Here are three ways that higher interest rates redistribute income.

Anything-goes EffectAutocorrelationDown-regulationFisher EffectInflationWirtschaftswissenschaftenEnglisch
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Autor Blair Fix

There is strong evidence that higher interest rates don’t mitigate inflation. Instead, they might make it worse. I wade through the details here.

Capital As PowerBichler And NitzanCause And EffectDe BeersDoctorowWirtschaftswissenschaftenEnglisch
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Autor Blair Fix

Low energy growth tends to come with high inflation — what economists call ‘stagflation’. But what causes what? I have a look here.

DegrowthEconomic GrowthEnergy UseInflationInternational DataWirtschaftswissenschaftenEnglisch
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Autor Blair Fix

I use World Bank data to test Nitzan and Bichler’s ‘stagflation thesis’ — the idea that inflation in the midst of economic stagnation is the norm.

BreadthCapital Labor DistributionDepthDifferential InflationIncome RedistributionWirtschaftswissenschaftenEnglisch
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Autor Blair Fix

Here’s an update to my post ‘The Truth About Inflation’. As expected, inflation is still differential. And no, it’s not caused by government spending.

HierarchyFirming Up InequalityFirmsHierarchical DespotismHierarchical PowerWirtschaftswissenschaftenEnglisch
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Autor Blair Fix

I use a model of hierarchy to explore how income has been redistributed within US firms.