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Posts are by authors of papers published in the RWER. Anyone may comment.
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26 марта, 03:39

Capitalist priority to growth and profits over people and planet

from Richard Smith Given this unprecedented existential crisis one might expect governments would responsibly meet this climate emergency with emergency plans to prevent ecological collapse bold proposals for “deep emissions reductions in all sectors,” for “far-reaching transitions in energy, land, infrastructure, and manufacturing” and so on. After all, the 2018 IPCC 1.5°C report makes clear […]

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25 марта, 16:47

The real college admissions scandal is structural inequality

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from Dean Baker The indictments last week of a number of prominent people for paying bribes to get their children into elite colleges was perhaps more amusing than shocking. The fact that rich people are often able to buy their kids into schools is hardly a secret. After all, who believes that Donald Trump would […]

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25 марта, 03:06

Economism

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from Richard Norgaard We live in the era of Economism. Human consciousness is deeply etched by economistic beliefs in individualism, materialism, property, markets, economic growth, and freedom as consumer choice. These beliefs are necessary to sustain the system that supports us. But the economy we have is unlikely to support our grandchildren. Natural scientists argue […]

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24 марта, 15:20

Certain decisions

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from Peter Radford One of the books I keep close by on the shelf is Paul Glimcher’s “Decisions, Uncertainty, and the Brain: The Science of Neuroeconomics”.  It dates back to 2004 and is one of those books that provides a glimpse of what a dialog between economic theory and psychology might produce.  More to the point it explores […]

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24 марта, 03:07

Public debt — questions and answers

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from Lars Syll Can a government go bankrupt? No. You cannot be indebted to yourself. Can a central bank go bankrupt? No. A central bank can in principle always ‘print’ more money. Do taxpayers have to repay government debts? No, at least not as long the debt is incurred in a country’s own currency. Do […]

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23 марта, 14:00

Switching track

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from Peter McManners Economics has evolved over the last two centuries, from Adam Smith’s ideas to expand into a colossus which is now the dominant driver of policy. This has set the world on a track of extraordinary success, as measured by GDP and wealth. Continuing down this track, defined by economic objectives, leads to […]

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23 марта, 03:47

The neoliberal governance of the self: a clarification

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from Maria Alejandra Madi My last post on Behavioural Economics arose some interesting questions about the rationality of the neoliberal governance of the self and its relation to the current research about psychology and cognitive theories. (https://rwer.wordpress.com/2019/03/20/beyond-behavioral-economics-the-self-governance-of-nudging/#comment-150149) The neoliberal governance of self-care (or neoliberal governance of the self) relies on Dual Process Cognitive Theories (DPTs), especially […]

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22 марта, 17:15

Why Minsky matters

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from Asad Zaman Why did No One See It Coming? We start by posing the question “Why did no one see it coming?” which the Queen of England asked at the London School of Economics. To answer, we must consider the evolution of macroeconomic thought. This involves the rejection of Keynes, the rise of monetarism […]

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22 марта, 03:45

The inconsistencies of intellectual property

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from Herman Daly Of all things knowledge is that which should be most freely shared, because in sharing it is multiplied rather than divided. Knowledge is a non-rival good and should be also non excludable. Yet, as already noted, our trade theorists have rejected Thomas Jefferson’s dictum that “Knowledge is the common property of mankind” […]

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21 марта, 23:44

How to teach economics if you have a dissenting perspective

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from Lars Syll Issue #1: How do you teach the introductory economics courses if you have a dissenting perspective? Mankiw lays out three alternatives, teaching the mainstream and suppressing your own views, teaching minority or fringe views (i.e. your own), or not teaching introductory econ at all. He says the second option is “pedagogical malpractice” […]

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21 марта, 19:14

The logic of artificial scarcity at work

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from Jason Hickel We can also see the logic of artificial scarcity at work in the realm of consumption. Industrialists who fear that people’s existing needs are too limited to absorb capitalism’s immense productive output must seek to create new needs, or else the juggernaut will grind to a halt. This is accomplished by various […]