Could the Soviet economy be re-established in Russia?

openDemocracy - The Russian authorities are interested in an economic system where several large enterprises are state-owned, and managed by privatising the revenue and nationalising the losses. The rest of the economy remains in private hands so as to satisfy the Russian people’s demands, as they are not prepared to return to the [...]

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Deficits and the Future

NY Times - Right now there’s intense debate about how aggressive the United States government should be in its attempts to turn the economy around. Many economists, myself included, are calling for a very large fiscal expansion to keep the economy from going into free fall. Others, however, worry about the burden [...]

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Can we go up again? The world economy

Financial Times - Reasons for hope exist in the world economy but there are also grounds for fear. The big danger is that a severe global economic downturn creates a massive second wave of credit losses on consumer and corporate loans, which further devastates the eroded capital bases of banks and other [...]

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