by Glory M. Liu* People like to fight over Adam Smith. To some, the Scottish philosopher is the patron saint of capitalism who wrote that great bible of economics, The Wealth of Nations (1776). Its doctrine, his followers claim, is that unfettered markets lead to economic growth, making everyone better off. In Smith’s now-iconic phrase, […]
neoliberalism
Universities: dead, buried and cremated? Geoff Davies In the late nineties, the management of the Australian National University was attacking its academic staff. That may…
What are the philosophical and empirical dimensions of the association of neoliberalism with free markets and why are they so hard to shake off? My latest articles argue that we need to dispel the neoliberalism = free markets couplet and re-evaluate how we assess neoliberalism.
The post All that has never been true: the dismal ruins of the neoliberalism = free markets assumption appeared first on Progress in Political Economy (PPE).
by Tamar Barkay* Are the inverse trajectories of internal corporate social responsibility (CSR) and the decline of organized labor in the past decades linked? If so, how?These questions arise from three widely recognized observations. First, since the 1980s, most OECD countries have experienced a decline in unionization and union density rates (Visser, 2012). Second, following […]
2024 Nobel Prize for economics Revealing the bankruptcy of conventional economics Ted Trainer The 2024 Nobel Prize for economics has gone to two economists for…
by Donni Wang* ———–* Donni Wang holds a PhD in Classics from Stanford University. Her research on non-capitalist modes of economics in ancient Greece is featured in her book Before the Market: The Political Economy of Olympianism. Now an independent scholar and historian, she is dedicated to paradigm change through both academic and creative approaches. *****While […]
After a few days of emotions running wild—some feeling like shattered glass and others bubbling with joy—the time has come to pull oneself together and look for sound analyses to understand what happened and why. The point is that there was really no need to search… The reasons for Trump’s victory are well known, especially […]
How the Taxpayer Myth Gives Life to the Neoliberal Agenda Eric Tymoigne “The taxpayer-driven narrative is not only politically reactionary and mentally stifling, but also…
by Prabhat Patnaik* In his remarkable work The General Theory of Employment, Interest, and Money, John Maynard Keynes said that “the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else.” His putting only […]
This Nobel Prize season spurs to once again air an observation that in the past economists were awarded the Nobel prize for explaining to the general public something that only economists understood, but in recent decades they win it for explaining to their fellow economists something that the public has always known 😉 – Politicians […]