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Real-World Economics Review Blog

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Economy

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Real-World Economics Review Blog

24.03.2025

The Trump dream of balanced trade | Real-World Economics Review Blog

from Dean Baker Donald Trump constantly complains about our trade deficit, promising us the good life of balanced trade. I’m not sure exactly how he sees ending our trade deficit as the key to prosperity, but let’s play the game. What does the world look like if Trump, through his tariffs, threats, and promises, gets…

Real-World Economics Review Blog

27.03.2025

The pretence-of-knowledge syndrome | Real-World Economics Review Blog

from Lars Syll What does concern me about my discipline, however, is that its current core — by which I mainly mean the so-called dynamic stochastic general equilibrium approach — has become so mesmerized with its own internal logic that it has begun to confuse the precision it has achieved about its own world with…

Real-World Economics Review Blog

31.03.2025

Trump 2.0: An inflection point for global capitalism? | Real-World Economics Review Blog

from C. P. Chandrasekhar If the first month of Donald Trump’s second stint as President of the United States is indicative, then it appears that global capitalism with the US as hegemon is in the process of an endogenously triggered process of restructuring. Among the many early signals from the Trump administration to switch US…

Real-World Economics Review Blog

01.04.2025

Trump — uncertainty and chaos | Real-World Economics Review Blog

from Lars Syll Uncertainty and chaos are the final factors in Trump’s operation. The winners, broadly, will be financial speculators with fast fingers and (especially) inside knowledge. Those in position to move quickly in and out of stocks, bonds and real estate—and perhaps even in and out of the dollar from a base in crypto—could be the…

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