Agora
Posts by Bob Traa & Jens Bastian
Where is Odysseus? Part 4 - Unemployment and Employment
As in the previous three monthly blogs, we continue to trace the progress of modern-day Odysseus, who started a long voyage in 2018 to help bring Greece back home to a sustainable and prosperous economy. He is seeking to navigate a high debt ratio of 185 percent of GDP towards a debt ratio of 60 percent of GDP.
Contributor: Bob Traa & Jens Bastian
Categories: Europe (270), Politics (356), Economy (303), Society (125), Greece (455)
Where is Odysseus? Part 3 - Participation
We continue to trace the progress of Odysseus, who started a long voyage in 2018 to help bring Greece home to a sustainable and prosperous economy, seeking to navigate a high debt ratio of 185 percent of GDP towards a debt ratio of 60 percent of GDP. The Plan that Odysseus had developed in 2018 is described in a book on the macroeconomy of Greece
Contributor: Bob Traa & Jens Bastian
Categories: Europe (270), Economy (303), Society (125), Greece (455)
Where is Odysseus? Part 2 - Uncertainty
We follow up on Blog 16 of April 2022 and continue to be in search of Odysseus, who is aiming to guide the people of Greece back home from a high debt ratio in the economy to a much lower debt ratio. The Odysseus metaphor was developed in the book “The Macroeconomy of Greece” published in 2019 with data through mid-2018.
Contributor: Bob Traa & Jens Bastian
Categories: Politics (356), Economy (303), Society (125), Greece (455)
Where is Odysseus? Part 1 - Demographics
In 2019, one of us wrote a book about the Greek economy called “The Macroeconomy of Greece. Odysseus’ Plan for the Long Journey Back to Debt Sustainability.” This book was published before the Covid Pandemic emerged. It was based on data through 2018.
Contributor: Bob Traa & Jens Bastian
Categories: Politics (356), Economy (303), Society (125), Greece (455)
The Parable of the Populists and the Contemplatives
Let us think of a factory that makes widgets that consumers like to buy. The management of the factory then sees an opportunity to buy a new piece of equipment, a machine, that can double widget production once it is operational.
Contributor: Bob Traa & Jens Bastian
Categories: Europe (270), Politics (356), Economy (303), Society (125)