by Ben Clift* Political economy has long taken a keen interest in the politics of economic ideas, but considerably less attention has been paid to the politics of economic method. Method gets neglected as the technical realm within which, it is assumed economic ideas, once established, are implemented in straightforward fashion. In fact, economic method […]
economics
by Daniel Wortel-London
Inequality threatens people and planet alike. Billions struggle to make ends meet while a tiny minority grows fabulously wealthy. At the same time, the conspicuous consumption of the wealthy and the waste they generate takes an enormous environmental toll. The intertwining of social and environmental damage suggests that standard fixes for inequality are inadequate.
Herman Daly thought that waste from the wealthy could not be ended through redistributive taxation alone.
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Environment aside, is it just a bad investment?
The post The Dubious Economics of Deep-Sea Mining appeared first on Nautilus.
Thirty years ago yours truly wrote an article on revealed preference theory that got published in History of Political Economy (no. 25, 1993). Paul Samuelson wrote a kind letter and informed me that he was the one who had recommended it for publication. But although he liked it a lot, he also wrote a comment […]
För de som gillar att testa sina ekonomikunskaper — varför inte testa det här ekonomiquizet på Malmö universitet?
Här kan du lyssna på programmet.
But if we have independent reasons to believe that there is more going on in the phenomena under investigation than a mathematical model can suggest – that is, that the phenomena in question are not in fact mechanical in the required sense – then mathematical modeling will prove misleading … Moreover, as will be discussed, […]
Little in the discipline has changed in the wake of the crisis. Mirowski thinks that this is at least in part a result of the impotence of the loyal opposition — those economists such as Joseph Stiglitz or Paul Krugman who attempt to oppose the more viciously neoliberal articulations of economic theory from within the […]
Although somewhat critical of its reductive elements, Foucault found certain attractive features in the ideal or programmatic form imagined by American neoliberalism, namely, that it envisages a kind of regulation outside sovereign, disciplinary, and biopolitical forms, that it regulates without the fabrication of subjectivities and in a manner that optimizes difference and tolerates minority groups […]
Få frågor inom politik och ekonomi diskuteras nu för tiden så mycket — och förstås så lite — som offentlig skuld. Många höjer sina röster och uppmanar till att minska skulden, men få förklarar varför och på vilket sätt en minskning av skulden skulle främja en bättre ekonomi eller ett rättvisare samhälle. Dessutom finns det […]