<div dir="ltr"><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Real-World Economics Review</b> <span dir="ltr"><<a href="mailto:pae_news@btinternet.com">pae_news@btinternet.com</a>></span><br>Date: Tue, Jun 27, 2017 at 6:11 PM<br>Subject: Issue no. 80<br>To: michelsub2004 <<a href="mailto:michelsub2004@gmail.com">michelsub2004@gmail.com</a>><br><br><br><div class="HOEnZb"><div class="h5"><u></u><div width="100%" bgcolor="#FFFFFF" style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:14px;line-height:1.3em;font-weight:normal;font-style:normal;text-decoration:none;margin:0;width:100%!important;padding:0;text-align:left"><div width="100%" height="8" style="display:block;width:100%;height:8px;border:0;margin:0;line-height:8px;font-size:8px"><img src="https://pippio.com/api/sync?pid=1290&it=4&iv=7e37f20ff9c5325e123df6d22916e85d&it=4&iv=1c3c12fd299a67d9dc1e6bf8f6785c49a4ee36e4&it=4&iv=a027f90d802960904348a8d4be7c1e188fcff37f15bccd0096ad03a0a619006c" width="1" height="1" border="0" style="display:none;overflow:hidden"><img src="https://pippio.com/api/sync?pid=1291&it=4&iv=7e37f20ff9c5325e123df6d22916e85d&it=4&iv=1c3c12fd299a67d9dc1e6bf8f6785c49a4ee36e4&it=4&iv=a027f90d802960904348a8d4be7c1e188fcff37f15bccd0096ad03a0a619006c" width="1" height="1" border="0" style="display:none;overflow:hidden"><img src="https://pippio.com/api/sync?pid=1292&it=4&iv=7e37f20ff9c5325e123df6d22916e85d&it=4&iv=1c3c12fd299a67d9dc1e6bf8f6785c49a4ee36e4&it=4&iv=a027f90d802960904348a8d4be7c1e188fcff37f15bccd0096ad03a0a619006c" width="1" height="1" border="0" style="display:none;overflow:hidden"><img src="https://pippio.com/api/sync?pid=1293&it=4&iv=7e37f20ff9c5325e123df6d22916e85d&it=4&iv=1c3c12fd299a67d9dc1e6bf8f6785c49a4ee36e4&it=4&iv=a027f90d802960904348a8d4be7c1e188fcff37f15bccd0096ad03a0a619006c" width="1" height="1" border="0" style="display:none;overflow:hidden"><img src="https://pippio.com/api/sync?pid=1294&it=4&iv=7e37f20ff9c5325e123df6d22916e85d&it=4&iv=1c3c12fd299a67d9dc1e6bf8f6785c49a4ee36e4&it=4&iv=a027f90d802960904348a8d4be7c1e188fcff37f15bccd0096ad03a0a619006c" width="1" height="1" border="0" style="display:none;overflow:hidden"><img src="https://pippio.com/api/sync?pid=1295&it=4&iv=7e37f20ff9c5325e123df6d22916e85d&it=4&iv=1c3c12fd299a67d9dc1e6bf8f6785c49a4ee36e4&it=4&iv=a027f90d802960904348a8d4be7c1e188fcff37f15bccd0096ad03a0a619006c" width="1" height="1" border="0" style="display:none;overflow:hidden"><img src="https://pippio.com/api/sync?pid=1296&it=4&iv=7e37f20ff9c5325e123df6d22916e85d&it=4&iv=1c3c12fd299a67d9dc1e6bf8f6785c49a4ee36e4&it=4&iv=a027f90d802960904348a8d4be7c1e188fcff37f15bccd0096ad03a0a619006c" width="1" height="1" border="0" style="display:none;overflow:hidden"><img src="https://pippio.com/api/sync?pid=1297&it=4&iv=7e37f20ff9c5325e123df6d22916e85d&it=4&iv=1c3c12fd299a67d9dc1e6bf8f6785c49a4ee36e4&it=4&iv=a027f90d802960904348a8d4be7c1e188fcff37f15bccd0096ad03a0a619006c" width="1" height="1" border="0" style="display:none;overflow:hidden"><img src="https://pippio.com/api/sync?pid=1298&it=4&iv=7e37f20ff9c5325e123df6d22916e85d&it=4&iv=1c3c12fd299a67d9dc1e6bf8f6785c49a4ee36e4&it=4&iv=a027f90d802960904348a8d4be7c1e188fcff37f15bccd0096ad03a0a619006c" width="1" height="1" border="0" style="display:none;overflow:hidden"><img src="https://pippio.com/api/sync?pid=1299&it=4&iv=7e37f20ff9c5325e123df6d22916e85d&it=4&iv=1c3c12fd299a67d9dc1e6bf8f6785c49a4ee36e4&it=4&iv=a027f90d802960904348a8d4be7c1e188fcff37f15bccd0096ad03a0a619006c" width="1" height="1" border="0" style="display:none;overflow:hidden"><img border="0" width="2" height="2" hspace="0" vspace="0" style="width:2px;height:2px;padding:0;margin:0;overflow:hidden" src="http://ei.rlcdn.com/351551.gif?s=1c3c12fd299a67d9dc1e6bf8f6785c49a4ee36e4&n=1"> <img width="8" height="8" hspace="0" vspace="0" border="0" style="width:8px;height:8px;padding:0;margin:0" src="http://p.feedblitz.com/logos/5664967/973841/8347871/logo.gif"></div><div style="display:none;font-size:1px;color:#333333;line-height:1px;max-height:0px;max-width:0px;opacity:0;overflow:hidden">real-world economics review Please click here to support this journal and the WEA - Subscribers: 26,498 subscribe RWER Blog ISSN 1755-9472 - A journal of the World Economics Association (WEA) 14,588 members, join - Sister open access journals: Economic ... </div><div width="100%" style="margin:1em"><table border="0" cellpadding="0" cellspacing="0" width="100%" bgcolor="#FFFFFF" style="table-layout:fixed;padding:0;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:14px;line-height:1.3em;font-weight:normal;font-style:normal;text-decoration:none"><tbody><tr><td align="center" bgcolor="#FFFFFF"><p> </p><div class="m_3800280273637653196fbz_table" width="1000" style="margin:auto;display:block;clear:both;width:1000px;max-width:100%;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:14px;line-height:1.3em;font-weight:normal;font-style:nor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n.net/PAEReview/issue80/Petach80.pdf" target="_blank">download pdf</a></span></p><p><span style="font-family:arial,helvetica,sans-serif">The triumph of Pareto          14<br><strong>Gary Flomenhoft          </strong><a rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/www.paecon.net/PAEReview/issue80/Flomenhoft80.pdf" target="_blank">download pdf</a></span></p><p><span style="font-family:arial,helvetica,sans-serif">Do we need a new economics for sustainable development?          32<br><strong>Peter Söderbaum         </strong><a rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/www.paecon.net/PAEReview/issue80/Soderbaum80.pdf" target="_blank">download pdf</a></span></p><p><span style="font-family:arial,helvetica,sans-serif">From green growth towards a sustainable real economy          45<br><strong>Jørgen Nørgård </strong>and<strong> Jin Xue          </strong><a rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/www.paecon.net/PAEReview/issue80/NorgaardXue80.pdf" target="_blank">download pdf</a></span></p><p><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px"><span style="color:#cc0000"><em>Money</em></span></span></span></p><p><span style="font-family:arial,helvetica,sans-serif">Split-circuit reserve banking – functioning, dysfunctions and future perspectives          63<br><strong>Joseph Huber          </strong><a rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/www.paecon.net/PAEReview/issue80/Huber80.pdf" target="_blank">download pdf</a></span></p><p><span style="font-family:arial,helvetica,sans-serif">The coming revolution in political economy          85<br><strong>Tim Di Muzio</strong> and <strong>Leonie Noble          </strong><a rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/www.paecon.net/PAEReview/issue80/DiMuzioNoble80.pdf" target="_blank">download pdf</a></span></p><p><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif"><span style="color:#cc0000"><em>Keynesian issues</em></span></span></span></p><p><span style="font-family:arial,helvetica,sans-serif">Derivation of involuntary unemployment from Keynesian microfoundations          109<br><strong>Philip George          </strong><a rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/www.paecon.net/PAEReview/issue80/George80.pdf" target="_blank">download pdf</a></span></p><p><span style="font-family:arial,helvetica,sans-serif">Asymmetric price adjustment: the missing link in Keynesian macroeconomics          121<br><strong>Victor Beker          </strong><a rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/www.paecon.net/PAEReview/issue80/Beker80.pdf" target="_blank">download pdf</a></span></p><p><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif"><span style="color:#cc0000"><em>Nations</em></span></span></span></p><p><span style="font-family:arial,helvetica,sans-serif">Chinese economics as a form of ethics          148<br><strong>Kazimierz Poznanski           </strong><a rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/www.paecon.net/PAEReview/issue80/Poznanski80.pdf" target="_blank">download pdf</a></span></p><p><span style="font-family:arial,helvetica,sans-serif">A brief history of Pakistan’s economic development          171<br><strong>Muhammad Iqbal Anjum</strong> and <strong>Pasquale Michael Sgro          </strong><a rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/www.paecon.net/PAEReview/issue80/AnjumSgro80.pdf" target="_blank">download pdf</a><strong>        </strong></span></p><p><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px"><span style="color:#cc0000"><em>Review essays</em></span></span></span></p><p><span style="font-family:arial,helvetica,sans-serif">Negating 1984: Michael Hudson’s antidote to doublespeak in economics          179<br><strong>Jamie Morgan          </strong><a rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/www.paecon.net/PAEReview/issue80/Morgan80.pdf" target="_blank">download pdf</a></span></p><p><span style="font-family:arial,helvetica,sans-serif">Deserving economics          186<br><strong>Peter <em>Radford          </em></strong><a rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/www.paecon.net/PAEReview/issue80/Radford80.pdf" target="_blank">download pdf</a></span></p><p><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif"><span style="color:#cc0000"><em>A note</em></span></span></span></p><p><span style="font-family:arial,helvetica,sans-serif">Trade imbalances are undesirable          193<br><strong>Leon Podkaminer          </strong><a rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/www.paecon.net/PAEReview/issue80/Podkaminer80.pdf" target="_blank">download pdf</a></span></p><p><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:12px">Board of Editors, past contributors, submissions and etc.          197</span></span></p><p style="text-align:center"><span style="font-size:12px"><span style="font-family:arial,helvetica,sans-serif"><strong>Producing the RWER and running the WEA takes money. </strong><br><strong>By paying a WEA membership fee </strong><a rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/https://p.feedblitz.com/t3.asp?/332386/4534930/0_/https://www.worldeconomicsassociation.org/membership/" target="_blank"><span style="color:#0000ff"><strong><span style="background-color:#ffff00">here</span></strong></span></a><strong><span style="color:#0000ff"><span style="background-color:#ffff00">,</span> </span><br>or by giving a contribution </strong><a rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/https://p.feedblitz.com/t3.asp?/332386/4534930/0_/https://worldeconomicsassociation.org/donate/" target="_blank"><span style="color:#0000ff"><strong><span style="background-color:#ffff00">here</span></strong></span></a><strong>, you will be making them possible.</strong></span></span><a rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/https://p.feedblitz.com/t3.asp?/332386/4534930/0_/www.worldeconomicsassociation.org/" target="_blank"><img style="max-width:100%!important;height:auto!important" src="https://p.feedblitz.com/t3.asp?/973841/36917359/4953706/www.paecon.net/wea-banner2.jpg"></a></p><div style="clear:both;padding-top:0.7em"><a title="Subscribe by email" rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/feedblitz.com/f?Track=http://www.feedblitz.com/f/?newsrss=332386&publisher=4534930" target="_blank"><img height="20" src="http://assets.feedblitz.com/i/email20.png" style="border:0;margin:0;padding:0"></a> <a title="Subscribe by RSS" href="http://www.feedblitz.com/f/?newsrss=332386" target="_blank"><img height="20" src="http://assets.feedblitz.com/i/rss20.png" style="border:0;margin:0;padding:0"></a> </div><div style="padding:8px 0 8px;font-size:8pt;clear:left"> • <a rel="NOFOLLOW" class="m_3800280273637653196fbz_link" href="http://p.feedblitz.com/t3.asp?/973841/8347871/5664967_/https://app.feedblitz.com/f/f.fbz?Fwd2FriendEdit=973841;4314011;https://app.feedblitz.com/f/f.Fbz?Articles=332386&guid=769f4f78-5a98-11e7-8a43-0019998b9bc4&ajax=4;Issue%20no.%2080;5664967" target="_blank">Email to a friend</a> •</div></div><div style="clear:both;height:1px;line-height:1px"></div></div></div></div><div style="height:2px"> <br></div></td></tr></tbody></table></td><td valign="top" width="25%" class="m_3800280273637653196fbz_resp" id="m_3800280273637653196fbzsidebar" style="padding:0.5em;padding-top:0;max-width:100%" align="left"></td></tr></tbody></table></td></tr></tbody></table><div style="height:1.3em">   </div><div class="m_3800280273637653196fbz_table" width="1000" style="margin:auto;display:block;clear:both;width:1000px;max-width:100%;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:14px;line-height:1.3em;font-weight:normal;font-style:normal;text-decoration:none"><table cellpadding="0" cellspacing="0" width="1000" style="width:1000px;max-width:100%!important;width:100%!important"><tbody><tr><td style="padding:0;margin:4px" bgcolor="#FFFFFF"><table border="0" width="100%" cellpadding="0" cellspacing="0" style="table-layout:fixed;margin:0;padding:0"><tbody><tr><td><div style="padding:0;margin:0"><div><div style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:14px;line-height:1.3em;font-weight:normal;font-style:normal;text-decoration:none;margin:0;width:100%!important;padding:0;text-align:left"><div class="m_3800280273637653196fbz_table" style="padding:0 1em 0 1em;margin:0"><div style="font-size:11px"><hr style="clear:both">

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