Democracy - 'End of History', Really?


Written by Frank Li

In his famous 1989 article (The End of History?), Francis Fukuyama writes:

"The triumph of the West, of the Western idea, is evident first of all in the total exhaustion of viable systematic alternatives to Western liberalism."

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What We Read Today 17 January 2017

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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Minsky's Theory of Asset Prices: Why Minsky Was NOT a Neo-Monetarist

by Philip Pilkington

Article of the Week from Fixing the Economists

On a recent blogpost that I wrote there was some confusion in the comments section regarding Hyman Minsky's theories and their relationship to the phenomenon of rising asset prices. I have seen this confusion made many times before - even by some otherwise good Post-Keynesian economists - but I think that it is time to finally clear it up once and for all.


Infographic Of The Day: The Trump Effect On Currencies

Targeting companies or entire nations on Twitter is an unprecedented and controversial method of communication for a President-elect - but one cannot argue with its effectiveness so far.

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Video of the Day:

Video has emerged of a massive alligator strolling past an awed group of Florida tourists, as if it had not a care in the world. He also looked about as chill as alligators come. The gator, spotted at Circle B Bar Reserve in Lakeland, appeared to be about 12 feet long. The behemoth seemed indifferent to the tourists as they gaped and snapped photos.

video of day picture


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Current Weather Outlook

Written by

NOAA maintains the fiction that we have a La Nina and now forecasts two weeks of wet followed by two weeks of dry. This part of the forecast may indeed work out if the ridge forecast over the Western U.S. materializes. We should be having very interesting and highly changeable weather for the next 30 days at least. At this point, three storms are teed up to impact the West and Southwest within the next ten days. Then the pattern changes to a more dry pattern. The temperature changes may be even more rapid.


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Trump's 'Great Gambit'

by Dan Steinbock, Difference Group


Trump has pledged to reset the White House policies on 'America First' basis. In Asia, it may mean an effort to balance with Russia against China - the reverse of US China approach in the 1970s.


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 USA economy at a glance (boxed items are updates in last 7 days)

Average Gasoline Prices for Week Ending 16 January 2017 Fell Almost 3 cents

Average gasoline prices fell 2.9 cents this past week following the previous week's 1.1 cent rise.

Average prices by region and a breakdown by grade follow after "Read more....".

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