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Guy Cools's List: Economics
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Nov 03, 14
Monetary policies do nothing to address the West's productive stupor.
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Jan 28, 12
The economic historian who is bringing love, faith, courage and virtue back into her discipline.
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Nov 12, 11
New research finds that a trendy economic theory backfired on the Obama Administration. Or did it?
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Apr 29, 11
Tech bubbles happen, but we usually gain from the innovation left behind. This one—driven by social networking—could leave us empty-handed
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Apr 09, 11
The Internet claims another victim.
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Oct 02, 10
...but of the narrow-minded, misanthropic, austerity-loving variety, not the future-oriented Marxist kind.
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the goal of romantic anti-capitalism is to restrain and regulate the market economy. Rather than criticise capitalism for providing insufficient prosperity, the romantic anti-capitalists argue that it provides too much growth. In their view it is so dynamic that it needs to be constrained. This is romantic in the sense that it longs for a stable, unconflicted economy in which everyone is content with what they already have rather than desiring more.
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If anything, short-sellers are arguably a benefit to the market, as they provide valuable information about poor-performing companies.
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Explaining these apparent paradoxes involves looking at two sides of the story. For a start, the West is pursuing its narrow economic interests in trying to encourage China to boost its domestic consumption, which, of course, can be achieved if Chinese workers have higher disposable incomes. And in parallel with this trend is a suffocating moralism which neatly combines patronising Chinese workers with attacks on the living standards of ordinary people here in the West.
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Rather than the US restructuring its own economy to make it more productive, it would prefer it if China imported more American goods.
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