Opinionomics: must-read analysis and comment
Featuring the mafia, mortgages and monetary policy.
Ian Cowie assesses the likely effects of Cameron's plan to subsidise the creation of 95 per cent mortgages.
2. How the Depression Made Keynesians of Capitalists: Echoes (Bloomberg)
Kenneth Lipartito writes about the failure of the first proto-Keynesians to fully internalise the lessons they had learnt, and how it almost took a second depression to undestand how to build prosperity.
3. Property rights and the economic origins of the Sicilian mafia (FT alphaville)
A brief overview of a fascinating new paper arguing that the mafia arose in Western Sicily due to a unique confluence of weak property rights, valuable produce, and collapsing feudalism.
4. Economic update – March 2012: External events key to any recovery (Left Foot Forward)
Tony Dolphin presents his monthly overview of the key economic indicators, and what they tell us about the state of the nation.
5. Inflation Solution: Will the Fed Cage the Hawks? (Fiscal Times)
Mark Thoma previews the choices likely to face the Fed's monetary policy committee as it meets this week to determine interest rates.