Quote of the day

“I find economics increasingly satisfactory, and I think I am rather good at it.”– John Maynard Keynes

Sunday 26 October 2014

Two articles today, both must-reads:

The first covers Spain, its recovery, and how this is impacting the rest of Europe (hint: it is not good). As you read this, particularly the part about average wage rates, refer back to an earlier article comparing Spanish & Polish average hourly rates:

http://www.telegraph.co.uk/finance/economics/11187656/AEP-Spains-export-led-recovery-comes-at-a-price.html

The second piece covers a vital piece of the slow-growth jigsaw; it will help you put both Keynesian & supply-side economics into perspective:

https://www.project-syndicate.org/commentary/declining-investment-in-rich-countries-by-jeffrey-d-sachs-2014-10

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