by
Ann Pettifor
rentiers
(en)
a Marxist term (though never actually used by Karl Marx himself) refering to those who receive income - usually interest, rent, dividends, capital gains, or profits - from their assets and investments
xi
However, business is better than usual for rentiers
notable
7 years, 3 months ago
However, business is better than usual for rentiers
notable
7 years, 3 months ago
secular stagnation
(en)
a condition of negligible or no economic growth in a market-based economy ("secular" as in "long-term", in contrast to "cyclical" or "short-term")
91
The economics profession regards the subsequent failure of economic activity as the new norm – ‘secular stagnation’. Interest rates are thought merely to reflect in a passive way this dismal outlook, one expected to extend indefinitely into the future.
confirm
7 years, 3 months ago
The economics profession regards the subsequent failure of economic activity as the new norm – ‘secular stagnation’. Interest rates are thought merely to reflect in a passive way this dismal outlook, one expected to extend indefinitely into the future.
confirm
7 years, 3 months ago
Tobin tax
(en)
a proposed tax on international financial transactions, especially speculative currency exchange transactions; suggested by Nobel Memorial Prize in Economic Sciences Laureate economist James Tobin
146
Capital controls are taxes, and differ from exchange controls. The latter place limits on the amount of a nation’s currency that can be taken abroad. Instead, the financial transaction tax or Tobin tax is a form of capital control, a tax on and ‘sand in the wheels’ of capital flows.
idk if she adequately clarified the diff tbh (seems like it's a case of limits vs taxes, which is not what the italicizing implies)
notable
7 years, 3 months ago
Capital controls are taxes, and differ from exchange controls. The latter place limits on the amount of a nation’s currency that can be taken abroad. Instead, the financial transaction tax or Tobin tax is a form of capital control, a tax on and ‘sand in the wheels’ of capital flows.
idk if she adequately clarified the diff tbh (seems like it's a case of limits vs taxes, which is not what the italicizing implies)
notable
7 years, 3 months ago
bancor
(en)
a supranational currency imagined by Keynes between 1940–1942 and which the UK proposed to introduce after WWII; it could then be used in international trade as a unit of account within a multilateral clearing system—the International Clearing Union—which would also have to be founded
150
The key role played by this new international central bank – the ICU – would be to manage flows of money between states, and to use a new currency, bancor, as the relevant currency. (In other words, a neutral currency, not the currency of one imperial power.)
notable
7 years, 3 months ago
The key role played by this new international central bank – the ICU – would be to manage flows of money between states, and to use a new currency, bancor, as the relevant currency. (In other words, a neutral currency, not the currency of one imperial power.)
notable
7 years, 3 months ago