Newsletter Online January 2009

Issue no. 144

This provides links to selected items from issue no.144, January 2009. It is part of a continuing project to make available selected material from issues before no.156, January 2012.


The Helpman Report
In the July issue of the Newsletter, we reported on the visit to the Society’s Annual Conference of an international team of economists led by Professor Elhanan Helpman of Harvard University as part of their preparation of an International Benchmarking Review of UK Economics. Their Report was published in November 2008 and its main findings are summarised here.

Krugman on Keynes
In 2007 the Royal Economic Society (in conjunction with Palgrave Macmillan) published a new edition of J M Keynes, The General Theory of Employment, Interest and Money, with a new introduction by this year’s winner of the Nobel Prize for Economics, Paul Krugman. In that introduction, Krugman argued that while some aspects of the The General Theory are better understood against the peculiar circumstances of the 1930’s, the fundamental ideas are widely accepted — ‘we are all Keynesians now’. Since that introduction was written, there have been dramatic changes in the world economy which make The General Theory even more relevant. To mark Krugman’s honour we are printing a shortened version of his essay.

Economic Journal - Editors' Report
The Managing Editors make their Annual Report to the Council of the Royal Economic Society in November. The 2008 Report was presented on their behalf by Andrew Scott. A shortened version appears here.

Econometrics Journal - Editor's Report
The Managing Editor, Richard J Smith made the Annual Report, covering the period July 2007 to June 2008, to the Council of the Royal Economic Society in November. In a new departure, we are pleased to be able to include a summary of that report.


Letter from France - Les Universités Françaises
In his own look at the financial crisis Alan Kirman paints a rather unflattering picture of orthodox macreconomics in France and calls for some humility before reporting on the latest attempts to reform the funding of research.

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