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-------- Original Message --------
<table class="moz-email-headers-table" border="0" cellpadding="0"
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      <th align="right" nowrap="nowrap" valign="baseline">Subject: </th>
      <td>real-world economics review - Issue no. 50</td>
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      <th align="right" nowrap="nowrap" valign="baseline">Date: </th>
      <td>Sat, 12 Sep 2009 06:41:17 -0400</td>
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      <th align="right" nowrap="nowrap" valign="baseline">From: </th>
      <td>real-world economics review <a class="moz-txt-link-rfc2396E" href="mailto:pae_news@btinternet.com">&lt;pae_news@btinternet.com&gt;</a></td>
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      <th align="right" nowrap="nowrap" valign="baseline">Reply-To: </th>
      <td>real-world economics review <a class="moz-txt-link-rfc2396E" href="mailto:pae_news@btinternet.com">&lt;pae_news@btinternet.com&gt;</a></td>
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      <th align="right" nowrap="nowrap" valign="baseline">To: </th>
      <td>stephen <a class="moz-txt-link-rfc2396E" href="mailto:stephen@appropriate-economics.org">&lt;stephen@appropriate-economics.org&gt;</a></td>
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      <p class="date-header" align="left"><!-- Begin .post --><!-- stephen@appropriate-economics.org --><a
 moz-do-not-send="true" name="0"></a></p>
      <p> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <font
 face="Arial"> <span style="font-size: 8pt; color: rgb(63, 74, 80);">sanity,
humanity and science   <br>
 </span> <span times="" new="" style="font-size: 12pt;"> <o:p> </o:p>
      </span> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <b style=""> <span
 style="font-size: 26pt; color: red;"> <font face="Arial">real-world</font>
      </span> </b> <b style=""> <span
 style="font-size: 26pt; color: rgb(153, 0, 153);"> <font face="Arial">economics</font>
      </span> </b> <font face="Arial"> <b style=""> <span
 style="font-size: 26pt; color: blue;">review</span> </b> </font> <b
 style=""> <span times="" new=""
 style="font-size: 26pt; color: rgb(63, 74, 80);"> <br>
      </span> </b> <span times="" new=""
 style="font-size: 12pt; color: rgb(63, 74, 80);"> <br>
      </span> <span style="color: rgb(63, 74, 80);"> <font size="2"> <font
 face="Arial">Formerly the <i>post-autistic economics review </i> </font>
      </font> </span> <i> <span times="" new=""
 style="font-size: 4pt; color: rgb(63, 74, 80);"> <br>
      </span> </i> <font face="Arial"> <span
 style="font-size: 11pt; color: rgb(63, 74, 80);">Issue no. <b>50,<span
 style="">  </span> <span style=""> </span> </b> </span> <st1:date
 month="9" day="8" year="2009"> <span style=""> <span
 style="font-size: 11pt; color: rgb(63, 74, 80);">8 September</span> </span>
      <span style="font-size: 11pt; color: rgb(63, 74, 80);">2009</span>
      </st1:date> <span times="" new="" style="font-size: 12pt;"> <o:p>
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 style="font-family: Arial;">47</span> </span> </a> </span> </span>
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      <span style="color: rgb(0, 0, 255);"> <span trebuchet="" style="">45</span>
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      <span style="color: rgb(0, 0, 255);"> <span trebuchet="" style="">44</span>
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      <span style="color: rgb(0, 0, 255);"> <span trebuchet="" style="">43</span>
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 href="http://www.feedblitz.com/t.asp?/332386/4534930/http://www.paecon.net/PAEReview/issue42/contents42.htm">
      <span style="color: rgb(0, 0, 255);"> <span trebuchet="" style="">42</span>
      </span> </a> <a moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/4534930/http://www.paecon.net/PAEReview/issue41/contents41.htm">
      <span style="color: rgb(0, 0, 255);"> <span trebuchet="" style="">41</span>
      </span> </a> <a moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/4534930/http://www.paecon.net/PAEReview/issue40/contents40.htm">
      <span style="color: rgb(0, 0, 255);"> <span trebuchet="" style="">40</span>
      </span> </a> </span> <span style="color: rgb(0, 0, 255);"> <span
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 href="http://www.feedblitz.com/t.asp?/332386/4534930/http://www.paecon.net/PAEReview/issue39/contents39.htm">
      <span style="color: rgb(0, 0, 255);"> <span trebuchet="" style="">39</span>
      </span> </a> </span> </span> <span
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      <span style="color: rgb(0, 0, 255);"> <span
 style="font-size: 8pt; font-family: Arial;">38</span> </span> </a> </span>
      </span> <span times="" new=""
 style="font-size: 8pt; color: blue;"> <br>
      </span> <span style="color: rgb(0, 0, 255);"> <span times=""
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 href="http://www.feedblitz.com/t.asp?/334265/0/http://www.paecon.net">
      <span style="color: rgb(0, 0, 255);"> <span
 style="font-size: 10pt; font-family: Arial;">www.paecon.net</span> </span>
      </a> </span> </span> <span times="" new=""
 style="font-size: 12pt;"> <o:p> </o:p> </span> </p>
      <p> <span id="1252684449095E" style="display: none;"> </span> <a
 moz-do-not-send="true" name="OLE_LINK2"> <b style=""> <span
 style="font-size: 9pt;"> <font face="Arial">On the occasion of this
journal’s 50<sup>th</sup> issue </font> </span> </b> </a> <font
 face="Arial"> <span style=""> <span style="font-size: 9pt;">I would
like to thank its 11,000 subscribers for your implicit support.<span
 style="">  </span>Most of all thanks are owed to the 212 people who
have contributed to this journal since its quirky inception in August
2000. They are, as always, listed in order of their first appearance on
the last page of the issue. <br>
      <span style="">                </span>The Editor  <br>
      <br>
      </span> </span> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <font
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 style="font-size: 9pt;">Volunteers are needed for:<span style="">  </span>
      <span style=""> </span> </span> </b> </span> <span style=""> <span
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      </font> </p>
      <p class="MsoNormal"
 style="margin: 0cm 0cm 0pt 36pt; text-indent: -18pt;"> <span style="">
      <span style="font-size: 9pt;"> <font face="Arial">1.</font> </span>
      </span> <span style=""> <span times="" new=""
 style="font-size: 7pt;">       </span> </span> <font face="Arial"> <span
 style=""> <span style="font-size: 9pt;">Redesigning </span> </span>
      </font> <a moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/">
      <span style="color: rgb(0, 0, 255);"> <font face="Arial"> <span
 style=""> <span style="font-size: 9pt;">www.paecon.net</span> </span>
      </font> </span> </a> <span style=""> <span
 style="font-size: 9pt;"> <font face="Arial">. It requires a team. The
site has nearly 1,000 pages and from it roughly 800,000 copies of  <span
 style="display: none;"> </span>this journal’s papers are downloaded
per year,</font> </span> </span> <span times="" new=""
 style="font-size: 12pt;"> <o:p> </o:p> </span> </p>
      <p class="MsoNormal"
 style="margin: 0cm 0cm 0pt 36pt; text-indent: -18pt;"> <span
 style="font-size: 9pt;"> <font face="Arial">2.</font> </span> <span
 times="" new="" style="font-size: 7pt;">       </span> <font
 face="Arial"> <span style="font-size: 9pt;">Managing the website
after it is redesigned. </span> <span times="" new=""
 style="font-size: 12pt;"> <o:p> </o:p> </span> </font> </p>
      <p class="MsoNormal"
 style="margin: 0cm 0cm 0pt 36pt; text-indent: -18pt;"> <span
 style="font-size: 9pt;"> <font face="Arial">3.</font> </span> <span
 times="" new="" style="font-size: 7pt;">       </span> <font
 face="Arial"> <span style="font-size: 9pt;">Setting up a collective
blog for <i style="">real-world economics review</i>. </span> <span
 times="" new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </font>
      </p>
      <p class="MsoNormal"
 style="margin: 0cm 0cm 0pt 36pt; text-indent: -18pt;"> <span
 style="font-size: 9pt;"> <font face="Arial">4.</font> </span> <span
 times="" new="" style="font-size: 7pt;">       </span> <font
 face="Arial"> <span style="font-size: 9pt;">Formatting work on new
issues. </span> <span times="" new="" style="font-size: 12pt;"> <o:p>
      </o:p> </span> </font> </p>
      <p class="MsoNormal"
 style="margin: 0cm 0cm 0pt 36pt; text-indent: -18pt;"> <span
 style="font-size: 9pt;"> <font face="Arial">5.</font> </span> <span
 times="" new="" style="font-size: 7pt;">       </span> <font
 face="Arial"> <span style="font-size: 9pt;">Occasional copy editing
work. </span> <span times="" new="" style="font-size: 12pt;"> <o:p> </o:p>
      </span> </font> </p>
      <p class="MsoNormal"
 style="margin: 0cm 0cm 0pt 36pt; text-indent: -18pt;"> <span
 style="font-size: 9pt;"> <font face="Arial">6.</font> </span> <span
 times="" new="" style="font-size: 7pt;">       </span> <font
 face="Arial"> <span style="font-size: 9pt;">Advising on how this
journal can be perpetuated after I give it up. </span> <span times=""
 new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <font
 face="Arial"> <span style=""> <span style=""> <font size="2">    </font>
      </span> </span> <span style="font-size: 8pt;">[email: </span> <span
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 style="font-size: 8pt; font-family: Arial;"> <a moz-do-not-send="true"
 href="mailto:pae_news@btinternett.com"> <span
 style="color: rgb(0, 0, 255);">pae_news@btinternet.com</span> </a> </span>
      </span> </span> </span> <span style="font-size: 8pt;">]</span>
      </font> <span times="" new="" style="font-size: 12pt;"> <o:p> </o:p>
      </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <span style="">
      <font face="Arial" size="2"> </font> </span> <span times=""
 new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <font
 face="Arial"> <span style="font-size: 7.5pt;">Consider joining the
Toxic Textbooks Facebook activist group.<span style="">  </span>Recently
launched and intended as a vehicle for reforming the economics
curriculum, it has 1,600 members. <span style=""> </span> <span
 style="color: rgb(0, 0, 255);"> </span> <a moz-do-not-send="true"
 target="_blank" rel="nofollow" __untrusted="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.facebook.com/group.php?gid=73911783278">
      <span style="color: rgb(0, 0, 255);">http://www.facebook.com/group.php?g</span>
      <font color="#3b5998"> <wbr> </font> <span
 style="color: rgb(0, 0, 255);">id=73911783278</span> </a> <font
 color="#333333"> </font> </span> </font> <span
 style="font-size: 7.5pt;"> <font face="Arial"> <span
 style="font-size: x-small;"> </span> </font> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <font
 face="Arial"> <span style="font-size: 7.5pt;">Please<b style=""> link
      </b>to </span> <span style="color: rgb(0, 0, 255);"> <span
 times="" new="" style="font-size: 7.5pt;"> <a moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/">
      <span style="color: rgb(0, 0, 255);"> <span
 style="font-family: Arial;">www.paecon.net </span> </span> </a> </span>
      </span> <span style="font-size: 7.5pt;">and to free ebook: </span>
      </font> <b style=""> <span
 style="font-size: 7.5pt; color: red; font-family: Andy;">crash</span> </b>
      <font face="Arial"> <b style=""> <span style="font-size: 7.5pt;">--
Why it happened and what to do about it </span> </b> <span times=""
 new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <span
 style="color: rgb(0, 0, 255);"> <span times="" new=""
 style="font-size: 7.5pt;"> <a moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/CRASH-1.pdf">
      <span style="color: rgb(0, 0, 255);"> <span
 style="font-family: Arial;">www.paecon.net/CRASH-1.pdf </span> </span>
      </a> </span> </span> <font face="Arial"> <span
 style="font-size: 7.5pt;"> <span style=""> </span> <span style=""> </span>
      </span> <span style="color: rgb(0, 0, 255);"> <span times=""
 new="" style="font-size: 7.5pt;"> <a moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/4534930/http://www.paecon.net/CRASH-contents.pdf">
      <span style="color: rgb(0, 0, 255);"> <span
 style="font-family: Arial;">Contents</span> </span> </a> </span> </span>
      <span style="font-size: 7.5pt;">, </span> <span
 style="color: rgb(0, 0, 255);"> <span times="" new=""
 style="font-size: 7.5pt;"> <a moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/4534930/http://www.paecon.net/CRASH-Introduction.pdf">
      <span style="color: rgb(0, 0, 255);"> <span
 style="font-family: Arial;">Introduction</span> </span> </a> </span>
      </span> </font> <span times="" new="" style="font-size: 12pt;">
      <o:p> </o:p> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <span
 style="font-size: 8pt;"> <font face="Arial"> </font> </span> <span
 times="" new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <span style="">
      <br>
      <b> <font face="Arial" size="2">You can download the whole issue
as a pdf document by clicking</font> </b> </span> <span
 style="color: rgb(0, 0, 255);"> <span style="font-size: small;"> <span
 style="font-size: larger;"> <span style="font-size: large;"> <span
 style="font-family: Arial;"> <span style=""> <a
 moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/PAEReview/issue50/whole50.pdf">
      <strong> <u> <span style="color: rgb(0, 0, 255);"> <span
 trebuchet="">here</span> </span> </u> </strong> </a> </span> </span>
      </span> </span> </span> <u> <span style="font-size: small;"> <span
 style="font-size: larger;"> <span style="font-size: large;"> <span
 style="font-family: Arial;"> <span times="" new=""> <br>
      </span> </span> </span> </span> </span> </u> </span> <span
 style="color: rgb(0, 0, 255);"> <span times="" new=""
 style="font-size: 12pt;"> <span
 style="font-size: 10pt; font-family: Arial;"> <font color="#000000"><a class="moz-txt-link-freetext" href="http://www.paecon.net/PAEReview/issue50/whole50.pdf">http://www.paecon.net/PAEReview/issue50/whole50.pdf</a></font>
      </span> </span> </span> <span times="" new=""
 style="font-size: 12pt; color: rgb(63, 74, 80);"> </span> <span
 times="" new="" style="font-size: 12pt;">  <br>
      </span> <font face="Arial"> <b> <span
 style="color: rgb(153, 51, 0);"> <font size="2">or download articles
individually by clicking on their pdf link.</font> </span> </b> <span
 times="" new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </font>
      </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <span times=""
 new="" style="font-size: 12pt;"> <br style="">
      <br style="">
      <o:p> </o:p> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <b> <span
 style="font-size: 14pt;"> <font face="Arial">In this issue:  </font>
      </span> </b> <span times="" new="" style="font-size: 12pt;"> <br>
      <br>
      </span> <font size="2"> <font face="Arial"> <b style=""> <span
 style="">What is Minsky all about, anyway?          </span> </b> <span
 style="">3 </span> <span times="" new="" style="font-size: 12pt;"> <o:p>
      </o:p> </span> </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <font size="2">
      <font face="Arial"> <span style="">Korkut Ertürk and Gökcer
Özgür           <span style="color: rgb(0, 0, 255);"> <span
 style="font-size: 10pt; font-family: Arial;"> <a
 moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/PAEReview/issue50/ErturkOzgur50.pdf">
      <span style="color: rgb(0, 0, 255);">download pdf</span> </a> </span>
      </span> </span> <span times="" new="" style="font-size: 12pt;">
      <o:p> </o:p> </span> </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <span style="">
      <font face="Arial" size="2"> </font> </span> <span times=""
 new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <font size="2">
      <font face="Arial"> <b style=""> <span style="">The policy
implications of the General Theory</span>           </b> <span
 style="">16</span> </font> <span times="" new=""
 style="font-size: 12pt;"> <o:p> </o:p> </span> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <font size="2">
      <font face="Arial"> <span style="">Geoff Tily<span style="">           <span
 style="font-size: 10pt; color: blue; font-family: Arial;"> <a
 moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/PAEReview/issue50/Tily50.pdf">
      <span style="color: rgb(0, 0, 255);">download pdf</span> </a> </span>
      </span> <span style="color: rgb(0, 0, 255);"> <span style=""> <span
 style="font-size: 10pt; font-family: Arial;"> </span> </span> </span> <span
 style=""> </span> </span> <span times="" new=""
 style="font-size: 12pt;"> <o:p> </o:p> </span> </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <span style="">
      <font face="Arial" size="2"> </font> </span> <span times=""
 new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <font
 face="Arial"> <b style=""> <span style=""> <font size="2">Ecological
macroeconomics: </font> </span> </b> <b style=""> <span
 style="font-size: 8pt;">Consumption, investment, and climate
change          </span> </b> <font size="2"> <span style="">34 </span>
      <span times="" new="" style="font-size: 12pt;"> <o:p> </o:p> </span>
      </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <font size="2">
      <font face="Arial"> <span style="">Jonathan M. Harris           <span
 style="">   <span style="color: rgb(0, 0, 255);"> <span
 style="font-size: 10pt; font-family: Arial;"> <a
 moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/PAEReview/issue50/Harris50.pdf">
      <span style="color: rgb(0, 0, 255);">download pdf</span> </a> </span>
      </span> <span style="color: rgb(0, 0, 255);">   </span>                                                                                     
      </span> </span> <span times="" new="" style="font-size: 12pt;">
      <o:p> </o:p> </span> </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <span style="">
      <font face="Arial" size="2"> </font> </span> <span times=""
 new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <font size="2">
      <font face="Arial"> <b style=""> <span style="">Peak oil –
coming soon but when?          </span> </b> <span style="">48</span>
      </font> <span times="" new="" style="font-size: 12pt;"> <o:p> </o:p>
      </span> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <span style="">
      <font face="Arial" size="2">Lewis L. Smith</font>           <span
 style="color: rgb(0, 0, 255);"> <span
 style="font-size: 10pt; font-family: Arial;"> <a
 moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/PAEReview/issue50/Smith50.pdf">
      <span style="color: rgb(0, 0, 255);">download pdf</span> </a> </span>
      </span> </span> <span times="" new="" style="font-size: 12pt;">
      <o:p> </o:p> </span> </p>
      <p> <span id="1252690809421E" style="display: none;"> </span> <font
 face="Arial"> <b> <i> <span style="font-size: 12pt;">The financial
crisis - </span> </i> </b> <i> <span style=""> <font size="2">Part
V</font> </span> </i> <span times="" new="" style="font-size: 12pt;">
      <o:p> </o:p> </span> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 40px;"> <font
 size="2"> <font face="Arial"> <b style=""> <span style="">  </span>
      </b> <st1:country-region> <st1:place> <b style=""> <span
 style="">America</span> </b> </st1:place> </st1:country-region> <b
 style=""> <span style="">’s exhausted paradigm:          </span> </b>
      <span style="">52</span> </font> </font> <span times="" new=""
 style="font-size: 12pt;"> <b style=""> <br>
      <span style=""> </span> </b> </span> <font size="2"> <font
 face="Arial"> <span style="">Thomas </span> <st1:place> <span
 style="">I.</span> </st1:place> <span style="">Palley<span style="">             <span
 style="color: rgb(0, 0, 255);"> <span
 style="font-size: 10pt; font-family: Arial;"> <a
 moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/PAEReview/issue50/Palley50.pdf">
      <span style="color: rgb(0, 0, 255);">download pdf</span> </a> </span>
      </span>                                                                     </span>
      <span style="">            </span> </span> <span times=""
 new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </font> </font>
      </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <b
 style=""> <span style=""> <font face="Arial" size="2"> </font> </span>
      </b> <span times="" new="" style="font-size: 12pt;"> <o:p> </o:p>
      </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 30pt;"> <font
 size="2"> <font face="Arial"> <b style=""> <span style="">   It’s
that “vision” thing          </span> </b> <span style="">75 </span>
      <span times="" new="" style="font-size: 12pt;"> <o:p> </o:p> </span>
      </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <font
 size="2"> <font face="Arial"> <span style="">Jan Kregel            <span
 style="color: rgb(0, 0, 255);"> <span
 style="font-size: 10pt; font-family: Arial;"> <a
 moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/PAEReview/issue50/Kregel50.pdf">
      <span style="color: rgb(0, 0, 255);">download pdf</span> </a> </span>
      </span> </span> </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <font
 size="2"> <font face="Arial"> <span style=""> <span
 style="color: rgb(0, 0, 255);"> <span
 style="font-size: 10pt; font-family: Arial;"> <span
 style="color: rgb(0, 0, 255);"> </span>  <br>
      </span> </span> </span> </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 30pt;"> <font
 size="2"> <font face="Arial"> <b style=""> <span style=""> 
Efficient market theory vs. Keynes’s liquidity theory          </span>
      </b> <span style="">85</span> </font> <span times="" new=""
 style="font-size: 12pt;"> <o:p> </o:p> </span> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <font
 size="2"> <font face="Arial"> <span style="">Paul Davidson          <span
 style="font-size: 10pt; color: blue; font-family: Arial;"> <a
 moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/PAEReview/issue50/Davidson50.pdf">
      <span style="color: rgb(0, 0, 255);">download pdf</span> </a> </span>
      </span> </font> </font> <span id="1252690924294E"
 style="display: none;"> </span>  <br>
      <br>
      <font face="Arial"> <b style=""> <span style=""> <font size="2">Crisis
in the heartland: </font> </span> </b> <b style=""> <span
 style="font-size: 8pt;">Consequences of the New Wall Street
System          </span> </b> <font size="2"> <span style="">101 </span>
      <span times="" new="" style="font-size: 12pt;"> <o:p> </o:p> </span>
      </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <font
 size="2"> <font face="Arial"> <span style="">Peter Gowan            
      <span style="color: rgb(0, 0, 255);"> <span
 style="font-size: 10pt; font-family: Arial;"> <a
 moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/PAEReview/issue50/Gowan50.pdf">
      <span style="color: rgb(0, 0, 255);">download pdf</span> </a> </span>
      </span> </span> <span times="" new="" style="font-size: 12pt;">
      <o:p> </o:p> </span> </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <span style="">
      <font face="Arial" size="2"> </font> </span> <span times=""
 new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <font
 face="Arial"> <b> <i> <span style="font-size: 12pt; color: black;">How
should the collapse of the world financial system affect economics? - </span>
      </i> </b> <font size="2"> <i> <span style="color: black;">Part
      </span> </i> <st1:stockticker> <i> <span style="color: black;">III</span>
      </i> </st1:stockticker> <span times="" new=""
 style="font-size: 12pt;"> <o:p> </o:p> </span> </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <span style="">
      <font face="Arial" size="2"> </font> </span> <span times=""
 new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <font
 size="2"> <font face="Arial"> <i> <span style="">It is agreed that
the current economic crisis has shown that the standard models of
academic economics are seriously wanting. Should the main emphasis of
reform be on developing new formal models or to an opening up of
economics to methods other than traditional modelling? <br>
      <br>
      </span> </i> </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <font
 size="2"> <font face="Arial"> <span style=""> <span style="">           
      </span> <strong>The Dahlem Group on Economic Modeling          </strong>
      <span style=""> <span style="color: rgb(0, 0, 255);"> <span
 style="font-size: 10pt; font-family: Arial;"> <a
 moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/PAEReview/issue50/DahlemGroup50.pdf">
      <span style="color: rgb(0, 0, 255);">download pdf</span> </a>        
      </span> </span> </span> <span style="">118<span style="">     
      </span> </span> </span> <span times="" new=""
 style="font-size: 12pt;"> <o:p> </o:p> </span> </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <span
 times="" new="" style="font-size: 12pt;"> <span style="">            </span>
      <o:p> </o:p> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <font
 size="2"> <font face="Arial"> <span style=""> <span style="">           
      </span> <strong>Tony Lawson         </strong> <span style=""> <strong> </strong>
      <span style="color: rgb(0, 0, 255);"> <span
 style="font-size: 10pt; font-family: Arial;"> <a
 moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/PAEReview/issue50/Lawson50.pdf">
      <span style="color: rgb(0, 0, 255);">download pdf</span> </a>        
1</span> </span> </span>22<b style=""> <span style="">                 
      </span> <span style="">            </span> </b> </span> <span
 times="" new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </font>
      </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <b
 style=""> <span style=""> <br>
      <font size="2"> <font face="Arial">Economists and economics:
What does the crisis tell us?          </font> </font> </span> </b>
      <font size="2"> <font face="Arial"> <span style="">132<span
 style="">       </span> </span> <span times="" new=""
 style="font-size: 12pt;"> <o:p> </o:p> </span> </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <font
 size="2"> <font face="Arial"> <span style="">Luigi
Spaventa           <span style="color: rgb(0, 0, 255);"> <span
 style="font-size: 10pt; font-family: Arial;"> <a
 moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/PAEReview/issue50/Spaventa50.pdf">
      <span style="color: rgb(0, 0, 255);">download pdf</span> </a> </span>
      </span> </span> <span times="" new="" style="font-size: 12pt;">
      <o:p> </o:p> </span> </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <span
 style=""> <font face="Arial" size="2"> </font> </span> <span
 times="" new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <font
 size="2"> <font face="Arial"> <b style=""> <span style="">Mainstream
economics and </span> </b> <st1:country-region> <st1:place> <b
 style=""> <span style="">Iceland</span> </b> </st1:place> </st1:country-region>
      <span style=""> <b style="">'s economic collapse          </b>143
      </span> <span times="" new="" style="font-size: 12pt;"> <o:p> </o:p>
      </span> </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <font
 size="2"> <font face="Arial"> <span style="">Gunnar
Tómasson          <span style="color: rgb(0, 0, 255);"> <span
 style="font-size: 10pt; font-family: Arial;"> <a
 moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/PAEReview/issue50/Tomasson50.pdf">
      <span style="color: rgb(0, 0, 255);">download pdf</span> </a> </span>
      </span> </span> </font> </font> <span id="1252691165370E"
 style="display: none;"> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <span
 style=""> <font face="Arial" size="2"> </font> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <font
 size="2"> <font face="Arial"> <b style=""> <span style="">Goodbye,
homo economicus          </span> </b> <span style="">151</span> </font>
      <span times="" new="" style="font-size: 12pt;"> <o:p> </o:p> </span>
      </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;"> <font
 size="2"> <font face="Arial"> <span style="">Anatole
Kaletsky          </span> </font> <span style=""> <span
 style="color: rgb(0, 0, 255);"> <span style=""> <a
 moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.paecon.net/PAEReview/issue50/Kaletsky50.pdf">
      <span style="font-family: Arial;"> <span
 style="color: rgb(0, 0, 255);">download pdf</span> </span> </a> </span>
      </span> </span> <font face="Arial"> <span style=""> <span
 times="" new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </span>
      <span times="" new="" style="font-size: 12pt;"> <o:p> </o:p> </span>
      </font> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;">        <span
 style=""> <font face="Arial" size="2"> </font> </span> <span
 times="" new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <font
 face="Arial"> <span style="font-size: 8pt;">Past Contributors,
etc.           157</span> </font> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <i style=""> <span
 style=""> <font face="Arial" size="2"> </font> </span> </i> <i
 style=""> <span style="font-size: 8pt;"> <font face="Arial"> </font>
      </span> </i> <span times="" new="" style="font-size: 12pt;"> <o:p>
      </o:p> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <font
 face="Arial"> <i style=""> <span style="font-size: 8pt;">New York
Times</span> </i> <span style="font-size: 8pt;">cartoons: </span> <span
 style="color: rgb(0, 0, 255);"> <span times="" new=""
 style="font-size: 12pt;"> <a moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.nytimes.com/imagepages/2009/09/06/magazine/06Economic.1.ready.html">
      <span style="color: rgb(0, 0, 255);"> <span
 style="font-size: 8pt; font-family: Arial;">One</span> </span> </a> </span>
      </span> <span style="font-size: 8pt;">  </span> <span
 style="color: rgb(0, 0, 255);"> <span times="" new=""
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      <span style="color: rgb(0, 0, 255);"> <span
 style="font-size: 8pt; font-family: Arial;">Two</span> </span> </a> </span>
      </span> <span style="font-size: 8pt;">  </span> </font> <span
 style="color: rgb(0, 0, 255);"> <span times="" new=""
 style="font-size: 12pt;"> <a moz-do-not-send="true"
 href="http://www.feedblitz.com/t.asp?/332386/8349796/http://www.nytimes.com/imagepages/2009/09/06/magazine/06Economic.3.ready.html">
      <span style="color: rgb(0, 0, 255);"> <span
 style="font-size: 8pt; font-family: Arial;">Three</span> </span> </a>
      </span> </span> <span times="" new="" style="font-size: 12pt;">
      <o:p> </o:p> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <span times=""
 new="" style="font-size: 12pt;"> <o:p> </o:p> </span> </p>
      <p class="MsoNormal" style="margin: 0cm 0cm 0pt;"> <font
 face="Arial"> <i style=""> <span style="font-size: 8pt;">real-world
economics review</span> </i> <span style="font-size: 8pt;">on Twitter
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 style="font-size: 8pt; font-family: Arial;">http://twitter.com/RealWorldEcon</span>
      </span> </a> <br>
      <b style=""> <span style="font-size: 8pt;"> <font
 color="#000000" face="Arial">Ideological cleansing continues: </font>
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      <span style="color: rgb(0, 0, 255);"> <font face="Arial">Non-neoclassical
economics department at Notre Dame faces closure</font> </span> </a> <o:p>
      </o:p> </span> </b> </span> </span> </p>
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<pre class="moz-signature" cols="72">-- 

Stephen DeMeulenaere
Ubud, Bali, Indonesia
Mobile:  +62817345516


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