With a substantially lowered unemployment rate, it seems increasingly likely that the Federal Reserve will hike interest rates in December. But is that really a good idea?
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He holds strong opinions, but tries to change his mind when confronted with new evidence or persuasive argument.
He blogs at http://azizonomics.com/"
And permanent overtaxation means a permanent brake on growth.
"Renormalization" is a flight of folly. Interest rates are tending toward zero as the cost of production of financial capital has fallen to close to zero.
Jeremy Corbyn is wrong to advocate unilateral nuclear disarmament
The historical record suggests we should assume robots will create more jobs than they destroy until proven otherwise.
Technology, not politics will be the major source of social change in the 21st century
A response to Roger Farmer
Janet Yellen should keep the sweater in the drawer
Fiscal Responsibility should not just be a catchword for slashing spending.
The inflexibility of ordoliberalism has allowed the European depression to fester.
Greece's overarching desire to remain in the euro is compounding its tragedy
I'm not sure if this is tragedy or farce...
The Troika is cutting off its nose to spite its face.
Will we be forever blowing bubbles?
George Osborne's latest proposal is to make the government revenue constrained.
The famed game theorist John Nash was no fan of central banking...
George Osborne wants to see rising productivity over the next parliament.
Have David Cameron and his Conservatives learned the lesson of Milton Friedman?
Is the earth a planet? Is the Pope a Catholic? Do bears defecate in the woods?
Falling economic growth is worrying, but the warning signs have been clear for a long time.
A look at the evidence...
The left-leaning SNP is projected to become the third biggest bloc in the UK parliament. Can anybody work with them?
Recent research points to the root cause of rising economic inequality. A mansion tax is the first step toward an answer to the problem.
Homeownership continues to fall. But with a majority of Britons owning homes, homeowners will continue to call the tune on policy for the foreseeable future.
Netanyahu is coaxing the West into compounding many of the problems caused by the Iraq war
Is global economic inequality set to rise or fall in years to come?
Do you know who else received wide-scale debt relief?
Cameron is an ideologue, not a serious economic thinker
Alexis Tsipras just won the Greek election. He's about to win a whole lot more.
In the end, it may not matter
Iceberg right ahead, Captain.
Austerian economists' praise for the U.K. economy is shallow and ignorant of the underlying picture.
Could falling oil prices be the spark that triggers the end of Europe's economic depression?
Voters are worried about economic inequality. But that doesn't mean they're becoming more left-wing.
"Government deficit" sounds a lot worse than "private surplus"
Was QE holding interest rates artficially low?
After years of being wrong, austerians are still claiming victory
What do falling oil prices really mean for the economy?
All currencies are fiat currencies
A new poll suggests we are on the path back to post-war Keynesianism
Can we trade with the world again if Nigel is at number 10?
If the Fed wants to keep the stock market rising, it will have to do better than so-called "verbal easing".
Nick Robinson is worrying about the wrong thing
The effects of Scottish independence on the wider UK would be profound
Malinvestment is an inevitable side-effect of productive investment
Is war between the Islamic State and the West inevitable?
Taxes! Jimmy Carter! Keynesianism! Stagflation! The 1970s!
The key stumbling block to understanding the paradox of thrift...
One day, economists can be respected like dentists
It's never too late to change
Tony Blair is trying to liberate himself from culpability…
The West should think very cautiously about the opportunity costs before getting embroiled again in Iraq
Because apparently a worse recovery than the Great Depression is a great success
With millennials increasing a jilted generation, government will eventually have to end the policies that keep them off the housing ladder
If you focus on the wrong problem, you might end up making things worse, not better
Morgan Warstler thinks he has solved the unemployment problem.
In which I go full Cassandra...
Relativism is not nihilism
Nate Silver's new site has gotten a lot of flack. I'm piling on.
No, I'm not trolling...
Britain's staying out of the Euro is a lucky coincidence.
Raise rates, raise rates, raise rates, raise rates?
David Cameron says that money is no barrier to helping flood victims. I wish he felt the same way about the unemployed...
Neither new, nor Keynesian...
Alex Salmond wants to turn the Sterling into the Euro...
Yes — but so is crossing the road
Updating my risk framework...
Breakthroughs in life extension technology may have massive effects on the economy...
David Cameron claims that the British economy is recovering, and of course his government is claiming vindication for its austerity policies. This is in many ways a miserable joke, says John Aziz.
Some people may find this surprising...
It's not the end of the world...
The best thing about debating yourself is that one of you is guaranteed to win...
In the long run, we're all global...
Is it possible to embrace big banks, while disavowing Too Big To Fail?
Is libertarianism dying? Or is it about to get much bigger?
Monetarists, Neoclassicals and Austrians often claim that Keynesianism was discredited in the 1970s. Have they got the wrong end of the stick?
How has the arrival of superabundance changed society?
Some people believe savings are the source of all Capital. Are they right?
Do humans behave the way neoclassical economic models assume they do?
Save Our Savers want to help savers by stopping central banks from keeping base rates low. But will that really help savers?
The subjective theory of value remains a deep and relevant idea over a century after its initial formulations.
Tomas Hirst and John Aziz discuss whether the best way to increase economic activity is through fiscal or monetary policy.
A new Federal Reserve chairman will arrive in 2014. What monetary reality will they inherit?
In the 1940s Keynes Proposed the Bancor — an international reserve currency — as a solution to disruptions resulting from global trade imbalances. Has his idea come of age?
Protectionism and Mercantilism are much-maligned by Economists. Is that reputation fair?
The Fed has talked about tapering its stimulus. But is the economy really recovering?
John Aziz and Noah Smith have a dialogue...
Opponents of central bank interventionism think central banks have no "exit strategy". Are they right?
Are we having the right infrastructure debate?
Some advocates of austerity seem to believe that the slump is the only time for "structural reform." But what does that even mean?
John Aziz and Tomas Hirst discuss the impact of quantitative easing on the real economy and whether the US is recovering.
What lessons can America draw from the British experience of "expansionary austerity"?
Does evidence that quantitative easing benefits the richest the most suggest the monetary transmission mechanism is broken?
David Cameron's continued insistence on austerity is less a policy open to revision based on evidence, more a religious doctrine immune to evidence.
For about five years now, Greece has been giving the euro area authorities a test in economics and politics. The test must be retaken until the authorities produce the right answers.
Visiting Professor of International Economic Policy, Princeton University14 articles | View profile
RT @NIESRorg: Is the Chancellor gambling on interest rates and tax receipts to hit fiscal targets? #AutumnStatement https://t.co/yqjJWV6h2s
RT @CJFDillow: Blogged: Osborne's plan to cut wages: https://t.co/N7DyBiRpmm
UK Chancellor remains defiant in implementing austerity - https://t.co/Q8vM29NXBv
Reactions to Mr Osborne’s Autumn Statement - https://t.co/V7Fiqlkyak cc @johnweeks41 @AnnPettifor @jomicheII