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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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Income DistributionInterest RatesInterest Share Of Capitalist IncomeInterest-to-profit RatioKeynesEconomiaInglês
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Autor Blair Fix

Nitzan and Bichler show that the ratio of net interest to profit is strongly related to the rate of unemployment. Here’s my take on their research, along with some data updates.

Average SabotageComposition Of National IncomeDebtEconomic GrowthGdpEconomiaInglês
Publicados
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.

Capital As PowerBichler And NitzanCause And EffectDe BeersDoctorowEconomiaInglês
Publicados
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 DataEconomiaInglês
Publicados
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.