Diversos sobre a situação económica mundial

• Joseph Stiglitz: Crise mundial vai arrastar-se até pelo menos 2013 | Económico. 

• The end of the revolution is nigh | The Economist: "Last autumn, during the height of the crisis, I heard a grim prophecy. Bruce Greenwald claimed that the Great Depression was long and severe because America was experiencing a radical change; the final stage in the transition from an agrarian to an industrial economy. He reckoned the current recession would be especially bad because the American economy is in a similar situation. Now we're in the midst of the final push from manufacturing into services. As we move into a period of stabilisation, featuring weak job growth, I wonder if he may have a point. [...]". 

• Paul Krugman Sings Song of Economic Gloom - Real Time Economics - WSJ: "Princeton University economist and Nobel laureate Paul Krugman made his bones as a scholar of international trade issues. Unfortunately, what he has gleaned from the interactions of currencies and international capital flows makes him decidedly pessimistic about what lies ahead for the U.S. economy. Against a climate where most expect a recovery and where policy makers are laying the groundwork for an eventual unwind of the unprecedented stimulus of the last two years, Krugman reckons the odds are good that years of moribund activity lie ahead for the U.S."

• Economist's View: Can Marxian Economics Explain the Crisis?: "John Quiggin wonders if anyone has constructed 'a distinctively Marxian analysis of the current crisis': Marxian economics MIA?, by John Quiggin: [...] And, in the current crisis, Marxian economics seems to be pretty much Missing in Action."

• Economist's View: Interview with Raghuram Rajan: "If you are unfamiliar with Raghuram Rajan, this is from the introduction to an interview of him conducted by Ron Feldman of the Minneapolis Fed: In August 2005 at the Kansas City Fed’s annual symposium in Jackson Hole, Wyo., Raghuram Rajan presented a paper filled with caution. Answering the question “Has Financial Development Made the World Riskier?” the University of Chicago economist observed that financial innovation had delivered unquestioned benefits, but also had produced undeniable risks." Penso que já tinha feito uma referência a este economista e a esta apresentação.
  

• The End of Influence: What Happens When Other Countries Have the Money - Grasping Reality with Opposable Thumbs: "[...] When you have the money--and 'you' are a big, economically and culturally vital nation--you get more than just a higher standard of living for your citizens. You get power and influence, and a much-enhanced ability to act out. When the money drains out, you can maintain the edge in living standards of your citizens for a considerable time (as long as others are willing to hold your growing debts and pile interest payments on top). [...] In either case, the end is inevitable: you must become, recognize that you have become, and act like a normal country. For America, this will be a shock: American has not been a normal country for a long, long time."

• [I]t's Excellent... a Really Terrific Book... [for] a Bright High Schooler or Young Adult in Your Family..." - Grasping Reality with Opposable Thumbs "[...] The key driver for Cohen and DeLong has been large American trade deficits that have poured resources into oil-producing states and East Asia's manufacturing powerhouses. Rather than consume the dollars they earn, these states have increasingly placed them in large state-controlled sovereign wealth funds that are becoming a crucial source of investment capital for firms around the world. The question is, will these sovereign wealth funds behave like conventional private funds that aim to maximize returns — or will they seek to serve other national interests? [...] I wrote a far-from-flawless and rather pessimistic column on the book, which focuses on how the decline of American economic power is leading us to a new global equilibrium in which beggar-thy-neighbor mercantilism will become even more pervasive. I think of myself as a fairly upbeat person, but I can't imagine a worse state of affairs, not least because it will exacerbate the risk of great power conflict.[...]"