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KEYNES REVIVAL: the “Bancor” proposal of the 1940s – useful for today?

A virtual round table with three specialists: Paul Davidson, Editor of the Journal of Post Keynesian Economics, author of John Maynard Keynes (Palgrave Macmillan, September 2007) and The Keynes Solution (Palgrave Macmillan, September 2009), Bernard Schwartz Center for Economic Policy Analysis in New Jersey; Rolf J. Langhammer, Vice-President of the Kiel Institute for the World Economy, one of Germany’s leading economic research institutes; and Bill Witherell, Chief Global Economist of Cumberland Advisors, a registered investment advisory firm headquartered in Sarasota, Florida, and past Chairman of the International Roundtable of the National Association for Business Economics.

The first ever truly global crisis – an interview with Franck Biancheri from the Newropeans

This crisis is definitely the terminal moment of the Bretton Woods system, 1944 version at the end of the World War and 1971-76 version after the Nixon shock. Also it’s the bridge for a change in the great power system. In this sense it’s a systemic crisis – not of capitalism as a system, but of the geopolitical, economic and financial system design from the 1940s. It’s completely different from the 1930s, refers Franck Biancheri, the leader of Newropeans. This is the first truly global crisis – a crisis of a world finally truly globalized in finance and economy.