---------- Forwarded message ---------- From: World Economics Association <[email protected]> Date: Wed, Jan 15, 2014 at 10:37 PM Subject: real-world economics review - issue no. 66 To: michelsub2004 <[email protected]> <http://p.feedblitz.com/r3.asp?l=60617551&f=332386&u=8347871&c=4706166><http://p.feedblitz.com/r3.asp?l=60617551&f=332386&u=8347871&c=4706166>real-world economics review<http://p.feedblitz.com/r3.asp?l=60617551&f=332386&c=4706166>- issue no. 66 ------------------------------ <http://p.feedblitz.com/r3.asp?l=84856454&f=332386&u=8347871&c=4706166> *real-world* *economics review* *- *Subscribers: *23,924 *Subscribe *here <http://www.feedblitz.com/f/f.fbz?Sub=332386> *Blog<http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/rwer.wordpress.com/> ISSN 1755-9472 *- *A journal of the World Economics Association <http://p.feedblitz.com/t2.asp?/332386/4534930/0/www.worldeconomicsassociation.org/> (WEA) 12,557 members, join here<http://p.feedblitz.com/t2.asp?/332386/4534930/0/http://www.worldeconomicsassociation.org/> *- *Sister open access journals*: Economic Thought <http://p.feedblitz.com/t2.asp?/332386/4534930/0/http://et.worldeconomicsassociation.org/>* and *World Economic Review <http://p.feedblitz.com/t2.asp?/332386/4534930/0/http://wer.worldeconomicsassociation.org/>* *- *back issues at *www.paecon.net <http://p.feedblitz.com/t2.asp?/332386/4534930/0/http://www.paecon.net/> *recent issues: 65<http://p.feedblitz.com/t2.asp?/332386/4534930/0/www.paecon.net/PAEReview/issue65/whole65.pdf> 64<http://p.feedblitz.com/t2.asp?/332386/4534930/0/www.paecon.net/PAEReview/issue64/whole64.pdf> 63<http://p.feedblitz.com/t2.asp?/332386/4534930/0/www.paecon.net/PAEReview/issue63/whole63.pdf> 62<http://p.feedblitz.com/t2.asp?/332386/4534930/0/www.paecon.net/PAEReview/issue62/whole62.pdf> 61<http://p.feedblitz.com/t2.asp?/332386/4534930/0/www.paecon.net/PAEReview/issue61/whole61.pdf> 60<http://p.feedblitz.com/t2.asp?/332386/4534930/0/www.paecon.net/PAEReview/issue60/whole60.pdf> 59<http://p.feedblitz.com/t2.asp?/332386/4534930/0/www.paecon.net/PAEReview/issue59/whole59.pdf> 58<http://p.feedblitz.com/t2.asp?/332386/4534930/0/www.paecon.net/PAEReview/issue58/whole58.pdf> 57<http://p.feedblitz.com/t2.asp?/332386/4534930/0/www.paecon.net/PAEReview/issue57/whole57.pdf> 56<http://p.feedblitz.com/t2.asp?/332386/4534930/0/www.paecon.net/PAEReview/issue56/whole56.pdf> *Issue no. 66, 13 January 2014* *http://www.paecon.net/PAEReview/issue66/whole66.pdf <http://p.feedblitz.com/t3.asp?/332386/4534930/0/www.paecon.net/PAEReview/issue64/whole64.pdf> You can download the whole issue as a pdf document by clicking here <http://p.feedblitz.com/t2.asp?/332386/4534930/0/www.paecon.net/PAEReview/issue66/whole66.pdf> * *In this issue:* *Secular stagnation and endogenous money* Steve Keen *download pdf <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/Keen66.pdf>* 2 *Micro versus Macro * Lars Pålsson Syll *download pdf <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/Syll66.pdf>* 12 *On facts and values: a critique of the fact value dichotomy * Joseph Noko *download pdf <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/Noko66.pdf>* 30 *Modern Money Theory and New Currency Theory: A comparative discussion * Joseph Huber *download pdf <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/Huber66.pdf>* 38 *Fama-Shiller, the Prize Committee and the “Efficient Markets Hypothesis” * Bernard Guerrien and Ozgur Gun *download pdf <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/GuerrienGun66.pdf>* 58 *How capitalists learned to stop worrying and love the crisis * Shimshon Bichler and Jonathan Nitzan *download pdf <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/BichlerNitzan66.pdf>* 65 *Two approaches to global competition: A historical review * M. Shabid Alam *download pdf <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/Alam66.pdf>* 74 *Dimensions of real-world competition – a critical realist perspective * Hubert Buch-Hansen *download pdf <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/BuchHansen66.pdf>* 80 *Information economics as mainstream economics and the limits of reform * Jamie Morgan and Brendan Sheehan *download pdf <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/MorganSheehan66.pdf>* 95 *The **À* *capability matrix: GDP and the economics of human development * Jorge Buzaglo *downloiad pdf <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/Buzaglo66.pdf>* 109 *Open access vs. academic power * C P Chandrasekhar *download pdf <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/Chandrasekhar66.pdf>* 127 *Interview* with Edward Fullbrook on New Paradigm Economics vs. Old Paradigm Economics *download pdf <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/Fullbrook66.pdf>* 131 *Book review* of* The Great Eurozone Disaster: From Crisis to Global New Deal* *download pdf <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/Ryner66.pdf>* 144 *Comment:* Romar Correa on “A Copernican Turn in Banking Union”, by Thomas Mayer *download pdf <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/Correa66.pdf>* 147 Editorial Board, Submissions, past contributors, and etc. 149 *Instant comments – *You may post comments on papers in this issue on the *Real-World Economics Review Blog <http://p.feedblitz.com/t3.asp?/332386/4534930/0/rwer.wordpress.com/>*, [ http://rwer.wordpress.com/<http://p.feedblitz.com/t3.asp?/332386/4534930/0/rwer.wordpress.com/> ]. *from the Blog: *Is bitcoin ´money´? The Post Keynesian view<http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/rwer.wordpress.com/2013/11/27/14335/> - Individual rationality is the wrong starting point<http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/rwer.wordpress.com/2013/10/11/individual-rationality-is-the-wrong-starting-point/> - Summary of the Great Transformation by Polanyi<http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/rwer.wordpress.com/2013/09/05/summary-of-the-great-transformation-by-polanyi/> - Economics textbooks – how to get away with scientific fraud<http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/rwer.wordpress.com/2013/11/29/economics-textbooks-how-to-get-away-with-scientific-fraud/> - Two American epochs (charts)<http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/rwer.wordpress.com/2013/10/16/two-american-epochs-growing-together-1947-1979-and-growing-apart-1979-2012-charts/> - Deutsche bank: fifteen shades of fraud<http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/rwer.wordpress.com/2013/03/23/deutsche-bank-fifty-shades-of-fraud/> - “Such an economy kills”<http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/rwer.wordpress.com/2013/12/03/such-an-economy-kills/> - Reflections on the “Inside Job”<http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/rwer.wordpress.com/2011/02/24/reflections-on-the-%e2%80%9cinside-job%e2%80%9d/> - Mathematical modelling in economics<http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/rwer.wordpress.com/2013/09/02/mathematical-modelling-in-economics/> - Interest rates in The Netherlands (1590-2012) and the UK (1703-1912)<http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/rwer.wordpress.com/2013/10/28/interest-rates-in-the-netherlands-1590-2012-and-the-uk-1703-1912/> - Handbag economics: The ideology of austerity<http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/rwer.wordpress.com/2013/12/12/handbag-economics-the-ideology-of-austerity/> - Economists and astronomers: Why are the former lost in space?<http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/rwer.wordpress.com/2014/01/04/economists-and-astronomers-why-are-the-former-lost-in-space/> Online contents page for this issue is *here <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/contents66.htm>* *Dear WEA member,* “If there is one institution that keeps the torch for heterodox economics alight, it's the World Economics Association. The WEA needs funds to continue its work. Contribute and keep the flame for heterodox economics alive.” *Steve Keen* To keep that flame burning the *WEA*<http://p.feedblitz.com/t3.asp?/763931/4534930/0/www.worldeconomicsassociation.org/> has introduced *voluntary* annual membership fees. There are three categories, please choose the one most suited to you. Standard membership fee $50 Student / limited income fee $25 Sponsor fee $150 “As economists, you already know. Organizations run on money. The WEA is no exception. So, Pony Up. And at the highest level you can afford. Thank you and carry on.” *James K. Galbraith* You may *pay your membership fee here <http://p.feedblitz.com/t3.asp?/763931/4534930/0/www.worldeconomicsassociation.org/new-membership/annualfees>*, either with a credit card or directly through a PayPal account. “More than ever we need to rescue our discipline, to understand how our economies really work and let others know about it. The WEA has become an important part of this effort. Even on its shoestring budget it needs real support from all of us, wherever we are - it's in our own interest!” *Jayati Ghosh* If you are not yet a member you may *join here <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/new.worldeconomicsassociation.org/membership/join/>* *Online contents page for this issue is here <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/contents66.htm>* [image: contents66-1]<http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/www.paecon.net/PAEReview/issue66/contents66.htm> <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/p.feedblitz.com/f.share?_/28/84856454/issue+no.+66> <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/p.feedblitz.com/f.share?_/30/84856454/issue+no.+66> <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/p.feedblitz.com/f.share?_/16/84856454/issue+no.+66> <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/p.feedblitz.com/f.share?_/29/84856454/issue+no.+66,http%3a%2f%2fwww.paecon.net%2fwea-banner.jpg> <http://p.feedblitz.com/t3.asp?/332386/8347871/4706166/p.feedblitz.com/f.share?_/24/84856454/issue+no.+66> ------------------------------ *Click here to safely unsubscribe <http://www.feedblitz.com/f/f.fbz?EmailRemove=_8347871%7c332386%7c2b304cceb2d155d6c70ce01d9db55d83%7c4706166_> from "real-world economics review." Click here to view mailing archives <http://archive.feedblitz.com/332386>, here to change your preferences <http://www.feedblitz.com/f/f.fbz?Subscriptions=332386>, or here to subscribe <http://www.feedblitz.com/f/f.fbz?Sub=332386> • Privacy <http://www.feedblitz.com/f?Privacy> <http://www.feedblitz.com/f>* ------------------------------ ------------------------------ Your email subscriptions, powered by FeedBlitz <http://www.feedblitz.com>, LLC, 9 Thoreau Way, Sudbury, MA 01776, USA. +1.978.776.9498 -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net <http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation>Updates: http://twitter.com/mbauwens; http://www.facebook.com/mbauwens #82 on the (En)Rich list: http://enrichlist.org/the-complete-list/