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Sep 21, 2011
via Felix Salmon

A topological mapping of explanations and policy solutions to our weak economy

This was originally posted at Rortybomb

For the next few posts I need to allude to an ongoing battle of ideas about what is troubling our economy and what solutions are available. I figured it might be a good idea to try and create some sort of topological map of the various clustering of ideas and policies that constitute these arguments as well as the overlap among them. This is a preliminary version of this map: I’d really appreciate your input about what is missing and how to make this better.

From those who think that the problem is related to demand and Keynesian ideas, there tends to be three areas of focus: fiscal policy, monetary policy and the debt hangover in the broken housing market. One can think all three are important – I certainly do – but most think one has priority over the others. Many will think one of the three isn’t in play or particularly useful as a focus of policy and energy. Here’s a rough map. Quotations are ideas, non-quotes are policies and parentheses are people associated with each:

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      "Mike Konczal is a fellow with the Roosevelt Institute, who also blogs at New Deal 2.0. He works on financial reform, the 21st century economy, unemployment, inequality, access to financial services and what it means to have a social contract in a financialized, post-industrial economy. He’s written papers for the Roosevelt Institute about financial reform several times as well as the deficit and the unemployment crisis. His work has appeared at The American Prospect, NPR’s Planet Money, Slate, Baseline Scenario, Atlantic Monthly’s Business Channel and The Nation. Originally from Chicago, he enjoys finance, economics, sociology, theory, tacos and center-left politics ..."
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