Author Archives: pietkeizer46

Why the Germans are NOT right about economics

In his article “Why the Germans are right about economics” in the Financial Times Gideon Rachman considers economics as part of ethics. He refers to Smith, Marx and Hayek to illustrate this view. Until the crisis of 2008 mainstream economics … Continue reading

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IS THERE AN ALTERNATIVE TO THE NEOLIBERAL STRATEGY?

Is There An Alternative To the Neoliberal Strategy? Dr. Piet Keizer, Associate Professor of Economic Methodology, Utrecht University School of Economics, November, 2017 There may be a time when we are powerless to prevent injustice, but there must never be … Continue reading

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HAYEK, KEYNES, AND FRIEDMAN ABOUT THE EUROZONE

Hayek, Keynes and Friedman about the Crisis in the Eurozone Introduction The financial crisis of 2008 pushed the world economy into a depression. After a year or so many economies, such as those of the BRIC-countries, recovered; the eurozone, however, … Continue reading

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The Brexit-issue is not that important

The Brexit-issue is less important than most economists think Most economists assume that the British referendum about Brexit is a historic moment; an issue that might change the course of European history. I think they exaggerate its importance. Of course, … Continue reading

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The German Monetary Trauma is Terrorizing the Eurozone

The German Monetary Trauma is Terrorising the Eurozone Introduction De eurozone shows a level of unemployment, which is too high for a long period of time already (about 10% on average). When introducing the euro politicians limited the possibilities to … Continue reading

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Maurice Obstfeld as the New Chief-economist of the IMF – What Can We Expect From Him?

Maurice Obstfeld as the new Chief Economist of the IMF – what can we expect from him? Introduction In the period 2006-2008 the IMF was confronted with its most serious challenge. Previous problems were all local, and the task of … Continue reading

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GREECE AND DEMOCRACY

GREECE AND DEMOCRACY The Greek people are proud of being the inventors of democracy. This concept refers to self-governance on all levels of society. At the moment the economic problems are very difficult to solve, and society is at the … Continue reading

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