Blog

Created
Tue, 04/04/2023 - 06:00

As groups like the Finance and Society Network make clear, banking and finance are too important to be left to financial economists and industry lobbyists. We all need to take some interest in what the powerful do and how they do it. These days this also extends to the huge ecosystem of alternative finance, fintech and decentralised finance (DeFi). Most people’s experience of this at the moment probably extends little further than lurid headlines trumpeting the huge sums made and lost (currently mainly lost) in cryptocurrency. There is, however, a lot more at stake than one might at first think.

Like any focus of fevered speculative activity, cryptocurrency has attracted its fair share of hyperbole and misinformation. In a recent paper in Cambridge Journal of Economics I try to look past this and consider the multiple issues involved.

The post The future of money and banking’s crypto reserve drain problem appeared first on Progress in Political Economy (PPE).

Created
Fri, 31/03/2023 - 06:32

Even if we can change a memory, should we? It’s a profound question. It’s about the core of humanity. At times, science can reduce us to machines. Under the hood, we have the same parts, more or less. The neurochemicals that fuel the brain, including the creation and recall of memories, work pretty much the […]

The post The Highest Truth appeared first on Nautilus.

Created
Mon, 27/03/2023 - 17:17

A focus on internal relations without reference to dialectics. Hubris on the role of norm entrepreneurs without recourse to organic intellectuals. Theorising on the state without encountering capitalist state debate. This is how mainstream theorising in political science and International Relations (IR) and International Political Economy (IPE), especially, operates in silencing its more radical Marxist counterparts. This practice of silencing has a long history. My argument in a new article in International Affairs is that such silencing goes to the very origin story of the disciplines of IR and IPE, which my argument reveals in relation to the themes of class and race.

The post Mainstreaming Marxism appeared first on Progress in Political Economy (PPE).