Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading. Currently can only be used by a single user (myself), but I plan to extend it to support multiple users eventually.

Source code on GitHub (MIT license).

(stagnation + inflation) when inflation is high, the economic growth rate slows, and unemployment remains steadily high

40

the economy of the mid-1970s seemed to trade in inflation with unemployment in a phenomenon called "stagflation", where wages/prices (inflation)and unemployment rose together

in an apparent contradiction of the Phillips curve, which many by this point took as the sine qua non of Keynesianism

America: Too Big to Fail? (21) default author
notable
1 month, 3 weeks ago

the economy of the mid-1970s seemed to trade in inflation with unemployment in a phenomenon called "stagflation", where wages/prices (inflation)and unemployment rose together

in an apparent contradiction of the Phillips curve, which many by this point took as the sine qua non of Keynesianism

—p.40 America: Too Big to Fail? (21) default author
notable
1 month, 3 weeks ago

treay for creating the EU; signed on 7 February 1992 by the members of the European Community in Maastricht, Netherlands

78

Paul Krugman saw trouble in the decade of recession and unemployment necessitated by the convergence criteria of the Maastricht Treaty of 1992, the precondition for adoption of the euro

Europe--Too Big to Bail (51) default author
notable
1 month, 3 weeks ago

Paul Krugman saw trouble in the decade of recession and unemployment necessitated by the convergence criteria of the Maastricht Treaty of 1992, the precondition for adoption of the euro

—p.78 Europe--Too Big to Bail (51) default author
notable
1 month, 3 weeks ago

(adj, noun) causing vomiting

121

Austerity may be painful, but it is unavoidable since undergoing such emetic periods is the essence of capitalism's process of investment and discovery

The Intellectual History of a Dangerous Idea, 1692-1942 (104) default author
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1 month, 3 weeks ago

Austerity may be painful, but it is unavoidable since undergoing such emetic periods is the essence of capitalism's process of investment and discovery

—p.121 The Intellectual History of a Dangerous Idea, 1692-1942 (104) default author
confirm
1 month, 3 weeks ago

the incessant product and process innovation mechanism by which new production units replace outdated ones; coined by Joseph Schumpeter in 1942 as "the essential fact about capitalism"

132

his concept of gales of "creative destruction" that sweep through the economy. Torn asunder by the entrepreneurial utilization of technology, continual organizational innovation, and the rigors of competition, businesses rise and fall, driving the business cycle over time

The Intellectual History of a Dangerous Idea, 1942-2012 (132) default author
notable
1 month, 3 weeks ago

his concept of gales of "creative destruction" that sweep through the economy. Torn asunder by the entrepreneurial utilization of technology, continual organizational innovation, and the rigors of competition, businesses rise and fall, driving the business cycle over time

—p.132 The Intellectual History of a Dangerous Idea, 1942-2012 (132) default author
notable
1 month, 3 weeks ago

an economic law stating that supply creates its own demand (named after eighteenth-century French economist Jean-Baptiste Say)

137

The policy objective [...] "achievement competition" rather than "impediment competition," whereby the quality of products manufactured would create the demand for them, in a modern supply-side restatement of Say's law.

ordoliberal policy re: German firms

The Intellectual History of a Dangerous Idea, 1942-2012 (132) default author
notable
1 month, 3 weeks ago

The policy objective [...] "achievement competition" rather than "impediment competition," whereby the quality of products manufactured would create the demand for them, in a modern supply-side restatement of Say's law.

ordoliberal policy re: German firms

—p.137 The Intellectual History of a Dangerous Idea, 1942-2012 (132) default author
notable
1 month, 3 weeks ago

the German variant of social liberalism that emphasizes the need for the state to ensure that the free market produces results close to its theoretical potential

140

ordoliberalism, ordnungspolitik, and the rest, are all about rules means precisely that good economic governance is not about spending

The Intellectual History of a Dangerous Idea, 1942-2012 (132) default author
notable
1 month, 3 weeks ago

ordoliberalism, ordnungspolitik, and the rest, are all about rules means precisely that good economic governance is not about spending

—p.140 The Intellectual History of a Dangerous Idea, 1942-2012 (132) default author
notable
1 month, 3 weeks ago

a set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.–based institutions like the IMF and the World Bank (in a nutshell, neoliberalism); term first used in 1989 by English economist John Williamson

142

the insistence that all developing states follow their liberal instruction sheets to get rich, the so-called Washington Consensus approach to development

The Intellectual History of a Dangerous Idea, 1942-2012 (132) default author
notable
1 month, 3 weeks ago

the insistence that all developing states follow their liberal instruction sheets to get rich, the so-called Washington Consensus approach to development

—p.142 The Intellectual History of a Dangerous Idea, 1942-2012 (132) default author
notable
1 month, 3 weeks ago

(preposition) with due respect to (someone or their opinion), used to express polite disagreement or contradiction (e.g., "narrative history, pace some theorists, is by no means dead")

142

the liberal path to growth only makes sense if you are an early developer, since you have no competitors--pace the United Kingdom in the eighteenth century and the United States in the nineteenth century. Yet in the contemporary world, development is almost always state led.

The Intellectual History of a Dangerous Idea, 1942-2012 (132) default author
notable
1 month, 3 weeks ago

the liberal path to growth only makes sense if you are an early developer, since you have no competitors--pace the United Kingdom in the eighteenth century and the United States in the nineteenth century. Yet in the contemporary world, development is almost always state led.

—p.142 The Intellectual History of a Dangerous Idea, 1942-2012 (132) default author
notable
1 month, 3 weeks ago

a theory that recessions and depressions are due to the overall level of debt rising in real value because of deflation, causing people to default on loans, which in turns causes bank insolvencies and thus a credit crunch, leading to further recession; developed by Irving Fisher following the Wall Street Crash of 1929

150

depressions do not in fact "right themselves" owing to a phenomenon called debt deflation. Simply put, as the economy deflates, debts increase as incomes shrink, making it harder to pay off debt the more the economy craters

The Intellectual History of a Dangerous Idea, 1942-2012 (132) default author
notable
1 month, 3 weeks ago

depressions do not in fact "right themselves" owing to a phenomenon called debt deflation. Simply put, as the economy deflates, debts increase as incomes shrink, making it harder to pay off debt the more the economy craters

—p.150 The Intellectual History of a Dangerous Idea, 1942-2012 (132) default author
notable
1 month, 3 weeks ago

a set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.–based institutions like the IMF and the World Bank (in a nutshell, neoliberalism); term first used in 1989 by English economist John Williamson

161

The Washington Consensus was [...] fiscal discipline, reordering public expenditure priorities, tax reform, liberalizing interest rates, (maintaining) a competitive exchange rate, liberalizing trade and foreign direct investment (FDI), privatization, and deregulation

authored by John Williamson in 1989

The Intellectual History of a Dangerous Idea, 1942-2012 (132) default author
notable
1 month, 3 weeks ago

The Washington Consensus was [...] fiscal discipline, reordering public expenditure priorities, tax reform, liberalizing interest rates, (maintaining) a competitive exchange rate, liberalizing trade and foreign direct investment (FDI), privatization, and deregulation

authored by John Williamson in 1989

—p.161 The Intellectual History of a Dangerous Idea, 1942-2012 (132) default author
notable
1 month, 3 weeks ago