Perhaps President Obama might seek advice from real economists instead of...
STOCKHOLM — Americans Elinor Ostrom and Oliver Williamson won the Nobel economics prize on Monday for their analyses of economic governance – the rules by which people exercise authority in companies...
View ArticleTHE VALUE OF NOTHING
I'm about half-way though Raj Patel's book, THE VALUE OF NOTHING. Unlike many books on what's wrong with our economics and how to fix things, Patel's copy has kept pace with his opening two paragraphs:...
View ArticleArizona may have more in common with Egypt than you think
Review once again the "structural adjustment" of IMF. Its principles are at the heart of economic-neo liberalism that has dominated USA Politics for 30 years beginning with Reagan. Then read the...
View ArticleCapitalism: What they forget to mention
Time for a Queen Reprint from January 31, 2011 Ha-Joon Chang has written a book that was recently published by Bloomsbury Press titled “23 Things they don’t tell you about Capitalism” Ha-Joon Chang...
View ArticleThinking more about attendees to the G8 in Deauville and untold stories
(Post #1) I know who is NOT on their guest list: Ha Joon Chang Chang, born in South Korea in 1963 is one of the leading heterodox economists and institutional economics specializing in development...
View ArticleFreedom: Real and hypothetical
In the USA citizens have a hypothetical right to vote. But on closer examination this "right" or concept is fairly empty. It's one thing to have the right or freedom to vote, and it's quite another to...
View ArticleLeaps of Faith are appropriate for religion–not politics or economics
Free markets are not free and unless you take the leap of faith, inanimate objects do not animate themselves. Markets never adjust themselves--people do.
View ArticleWe need to have a talk about the ruinous and undemocratic economics of Milton...
At last people are starting to talk about things that matter--at least people on the Internet--at least some of them which unfortunately is more than we can say about the leadership of either side in...
View ArticleWe must work together to create a more equitable and sustainable economy
More people must learn about economics--what works and what does not. The current Milton Friedman economics is undemocratic and does not work for the majority.
View ArticleLocally Owned Businesses return more money to community than chain competitors
Multiple studies show locally-owned independent restaurants return twice as much per dollar of revenue to our local economy than chain restaurants. And independent retailers return more than three...
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