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Paulo L. dos Santos
13.1K posts
Paulo L. dos Santos
@plbds
Political Economist, often mathematically. Associate Professor of Economics @NSSRnews. Formerly @SOASeconomics. Thinking Marxist. #InformationTheory, #futebol
New York เข้าร่วม Mart 2013
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The only thing the world wants to hear from this man is his plea in response to war-crime charges at The Hague
Times Politics@timespolitics
Tony Blair: We must end left’s unholy alliance with the Islamists #Echobox=1774731436" target="_blank" rel="nofollow noopener">thetimes.com/comment/column…
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Paulo L. dos Santos รีทวีตแล้ว
All of Bangladesh’s fertiliser plants are fully shut — in a country of more than 170 million people to feed.
Mauro Gilli@Mauro_Gilli
This image from the @FT shows how the war in Iran could have dramatic effects on global food security. Without natural gas, ammonia and urea—key nitrogen fertilizers—cannot be produced. Without them, crop yields collapse.
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@RubaAlHassani @JustaCoinToss No, he was too busy putting up the “open” sign on his shop window.
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Did you offer condolences to Iran following the US attack that killed ~200 children, or is empathy selective, based on investments??
Mark Carney@MarkJCarney
Canada shares its condolences with the UAE following the latest Iranian attack that took the lives of two civilians in Abu Dhabi. We strongly condemn Iran’s unprovoked attacks on the UAE and across the region, and reiterate the importance of opening secure access through the Strait of Hormuz. Canada supports efforts to safeguard international shipping and ensure freedom of navigation.
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Paulo L. dos Santos รีทวีตแล้ว
Just walked out of a House Armed Services briefing on Iran. Let me repeat: I will not support troops on the ground in Iran, even more so after this briefing.
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For the kids in the back who may have missed the point of the OG tweet.
Paulo L. dos Santos@plbds
The most remarkable feature of economic reality is how neatly it configures itself as homogeneous linear effects of observables on mean outcomes, with all latent heterogeneity and interaction structures reducing themselves to sufficiently well-behaved error terms. 🙄#EconTwitter
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The most remarkable feature of economic reality is how neatly it configures itself as homogeneous linear effects of observables on mean outcomes, with all latent heterogeneity and interaction structures reducing themselves to sufficiently well-behaved error terms. 🙄#EconTwitter
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When middle powers work together, we can do even more than protect ourselves and our sovereignty — we can build something better, more prosperous, and more just than what came before.
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Paulo L. dos Santos รีทวีตแล้ว
Does the dollar's reserve-currency status lead to US deficits? Short answer: it's complicated. The world economy runs on dollar debt (Treasuries and such) and demand for dollars militates against the correction of US imbalances. Economists and policymakers find comfort in straightforward causal explanations when in fact most problems are overdetermined. Graphs from my report here cc. @plbds transitionsecurity.org/rebalancing-an…
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There are many flawed arguments that can be made based on BoP identities, sure. The view that cet. parib. the USD’s reserve status generally supports higher USD valuations for any given US BoP/financial position, making it easier to sustain LT trade deficits, is NOT one of them.
Gita Gopinath@GitaGopinath
The view that the dollar’s reserve currency status is responsible for its deficits is a terribly flawed view.
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@GitaGopinath There are many flawed arguments that can be made based on BoP identities, sure. The view that cet. parib. the USD’s reserve status generally supports higher USD valuations for any given US BoP/financial position, making it easier to sustain LT trade deficits, is NOT one of them.
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The view that the dollar’s reserve currency status is responsible for its deficits is a terribly flawed view.
Michael Pettis@michaelxpettis
1/4 I am a little surprised by these comments from the governor of the PBoC. According to Yicai, yesterday he said that "the world’s major deficit countries are the same as 40 years ago because of the inherent flaws in the international monetary system." yicaiglobal.com/news/major-def…
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Paulo L. dos Santos รีทวีตแล้ว
The political rollback Trump, Netanyahu , and their supporters are pursuing goes beyond the post-WWII institutions and even beyond the values of the Enlightenment. They want to undo the lessons of pacifist-egalitarian Judean resistance against the Roman Empire!
Disclose.tv@disclosetv
NOW - Netanyahu: "Jesus Christ has no advantage over Genghis Khan. Because if you are strong enough, ruthless enough, powerful enough, evil will overcome good."
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@plbds Maybe I’m wrong, but this seems the old argument that some sort of direct correspondence between prices and labor incorporated is needed to show that exploitation takes places
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This brings up at least two interesting, broadly related questions I've been mulling, like many others. The first one relates to our physical or material environment. The second relates to the analytical conveniences and limitations of the “standard commodity”. (1/X)
Matías Vernengo@NakedKeynes
@plbds He actually suggested it should go further. In his view, Marx didn’t go back enough, to Physiocrats and Petty. He stopped at Ricardo. Not labor, but the commodities, such as food (the “loaf of bread”), necessary for workers’ survival. That was the key for his standard commodity
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