2019-06-29 17:30:00 Sat ET
stock market competition macrofinance stock return s&p 500 financial crisis financial deregulation bank oligarchy systemic risk asset market stabilization asset price fluctuations regulation capital financial stability dodd-frank
Nobel Laureate Joseph Stiglitz proposes the primary economic priorities in lieu of neoliberalism. Neoliberalism includes lower taxation, deregulation, social welfare minimalism, and less government intervention. This ideology has become the root cause of socioeconomic problems such as wage stagnation, income and wealth inequality, market power concentration, and environmental degradation.
In response, Stiglitz recommends 3 major economic policy prescriptions. First, the benevolent social planner should better balance free markets, civil communities, and state mechanisms. The government better shapes and facilitates markets and communities by investing in basic research, technology, high education, affordable health care, and infrastructure. This public investment pays well in terms of more connective communities and market mechanisms.
Second, wealth creation arises from scientific inquiry and social organization that collectively allow people to work together for the common good. Free markets still facilitate most social cooperation, but they serve this major purpose only if market participants are subject to democratic checks and balances and the rule of law.
Third, the government can curb corporate rent protection that might emerge from information advantages, hostile takeovers, or other entry barriers. The government has to sever the nexus between market power and political influence. The current public investment reform should focus on higher education, research, technology, affordable health care, and infrastructure.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-10-01 07:33:00 Monday ET

President Trump announces the new trilateral trade agreement among America, Canada, and Mexico: the U.S.-Mexico-Canada Agreement (USMCA) replaces and revamp
2020-01-08 08:25:00 Wednesday ET

Conservative Party wins the British parliamentary majority in the general election with hefty British pound appreciation. In response to this general electi
2025-10-01 10:29:00 Wednesday ET

Stock Synopsis: With a new Python program, we use, adapt, apply, and leverage each of the mainstream Gemini Gen AI models to conduct this comprehensive fund
2019-05-07 09:30:00 Tuesday ET

The Trump team receives a 3.2% first-quarter GDP boost as Fed Chair Jay Powell halts the next interest rate hike in early-May 2019. This smooth upward econo
2019-06-11 12:33:00 Tuesday ET

Dallas Federal Reserve Bank President Robert Kaplan expects the U.S. economy to grow at 2.2%-2.5% in 2019-2020 as inflation rises a bit. In an interview wit
2022-04-15 10:32:00 Friday ET

Corporate investment management This review of corporate investment literature focuses on some recent empirical studies of M&A, capital investm