Growth by Trussonomics may be history repeating a farce as a tragedy. But aggregate GDP-growth continues to be widely regarded as an absolute necessity. The recent article "Growth, Degrowth or Post-growth?" makes for a uniquely clear historical exposition of the positions around the critique of economic GdP-growth and its potential alternatives.
paecon.net/pdf - gg/pdf 9-2022 Real World Economics Review download here Two conceptions of the nature of money: clarifying differences between MMT and money theories sponsored by social positioning theory - by Tony Lawson ..."...unlike conceptions of the nature of money and money histories etc., the policy proposals associated with MMT, in their basics, do not … Continue reading Real World Economics Review Out Now: positional vs MMT money, power narratives, viral neoliberalism, blundering equilibrium, teaching hetero 101 productivity, zero evidence free trade, de-externalising stress, Scottish currencies, GDP and Jayati Ghosh’s political economy of development
source: John Feffer 2021 resilience.org , originally published 20-12-2021 by Foreign Policy In Focus GaiaMoney is revisiting DeGrowth for Xmas with John Feffer's question: "Can those who advocate hitting the brakes on economic growth get their message across before it’s too late?" "Over the last three decades, a growing number of scientists and ecologists have argued … Continue reading The “Selling” of DeGrowth – or how to soft sell the hardest sale ever – by John Feffer
"Geolibertarian experimental monetary realist" Tuure Parkkinen's root bug economics represents an audaciously original "PraxisTheorie" of the type only an institutional outsider would dare come up with.
greenwashing - updates see also climate crisis ESG’s, green finance + investment Vorsprung durch Grünwaschen sustainability Not exactly. It’s not new. And it’s a lot bigger. Greenwash Guy Pearse 2012 The trillions involved are likely to dwarf the entire history of money laundering. Dig into the numbers below. But lets look on the bright sunny … Continue reading Is Greenwashing the New Money Laundering?
Sacklers banale sadism - has US capitalism gone masochistic? US pharma, opioid crisis, health, Oxycontin – reviews, articles, books
endorsements A way to understanding an alternative future. – Juliet Schor, Sociology, Boston College A book of dazzling breadth, provocative and persuasive scholarship. – Sylvia Marcos, Mexican feminist activist and scholar For too long the North has imposed its one-size-fits-all agenda on the South. – Dan O’Neill, economist, University of Leeds This Dictionary … Continue reading diversity 101 = pluriverse
Turns out Peter Bofinger is not the only German economist who can see MMT across the sea. There is at least one other. Maybe more to follow? "Say it quietly, but Germany has learnt the lessons of Keynes," argues Thorvaldur Gylfason. Mind you, he is talking fiscal largesse, not ECB money. In the "we are … Continue reading De facto MMT disequilibrating DSGE ?
degrowth updates here Décroissance, or degrowth, is a story of hope amidst adversity. Just like Xmas. Born of the adversities of a poisoned and plundered planet, degrowthers say "No! No More! Let's get out of the Old National Market Hall of Sickly Scarcity and into the New Global Banquet Hall of Happy Abundance... Yes, contrary … Continue reading DeGrowth or Décroissance anyone? (not just for Xmas)
"Die Wertedebatte - Wie fünf Ökonominnen Wirtschaft und Politik neu verbinden." In einem erfrischenden Deutschlandfunk Artikel serviert Antje Schrupp einen gut sortierten Ausblick über den Tellerrand des wirtschaftswissenschaftlichen Mainstreams. Sehr empfehlenswert! "Diese fünf Ökonominnen entrümpeln die Wirtschaftswissenschaften von alten Glaubenssätzen und entwickeln neue Theorien für das 21. Jahrhundert : Mariana Mazzucato, Kate Raworth, Esther … Continue reading Wiedergeburt der Politischen Oekonomie?
In einem Artikel vor dem Euro Gipfel schlagen die deutschen Finanz- und Außenminister Olaf Scholz und Heiko Maas flexible ESM-Anpassungen und einen paneuropäischen Garantiefonds vor, um "sehr schnell, unkompliziert und im nötigen Umfang ... gezielte Hilfe zu leisten." Lesen Sie hier den ganzen Artikel Die Minister scheinen einen "möglichen komplexen Kompromiss" vorzuschlagen, wie Adam … Continue reading Schwarze Null Vergiftet Europa
In a pre-summit article, German finance and foreign ministers Olaf Scholz and Heiko Maas suggest flexible ESM adjustments to provide "quick and targeted relief... (and) ... a pan-European guarantee fund to secure loans ... (so) the European Investment Bank (EIB) would ensure liquidity for small and medium-sized enterprises in the EU countries." read the whole … Continue reading Creditors Kill Europe
GROWTH! What Growth? intro/featured/selected – updates here - +here Alf Hornborg writes in his article “How to turn an ocean liner”: “Although soon reduced to a heterodox and marginalized position, the critique of growth has continued to challenge mainstream dogmas of economics and policy for over four decades. Countless debates have raged on what exactly is the problem … Continue reading GROWTH! What Growth?
Greta has docked in Lisbon and is on her way to Madrid. Presumably by train. Most will cheer her on. Many will not. Some rather see her drowned like an inconvenient truth. Or hung like a false prophet. Some are annoyed. Some have reservations. And some are changing their minds. I was about Greta Thunberg's … Continue reading The Limits To Greta
Can you spot the winners? Not Olaf with the mike, it's Norbert and Saskia on the right. SPD left wingers whose victory may nudge the markets to price in a grand coalition fracas. Is this Deutschland's Corbyn moment? Can anti-austerity Saskia Esken and "taxpayers' Robin Hood" Norbert Walter-Borjans be Bonnie and Clyde to revive the … Continue reading Corbyn Moment auf Deutsch?
see also growth1what growth? - gdp update below "It's time to retire metrics like GDP." writes Joseph Stiglitz in The Guardian. "The way we assess economic performance and social progress is fundamentally wrong, and the climate crisis has brought these concerns to the fore." Indeed. Always nice to hear the reforming voices. Apparently another revised … Continue reading Stiglitz wants GDP retired
"Milanovic’s work is still the most detailed study of global inequality to date and should be read by all proponents of post-capitalist democracy..." Boris Frankel
"Inflation ... has left many observers scratching their heads as to why the current level ... does not match the current state of the real economy ..." said ex ECB board member Sabine Lautenschläger in a recent speech. The Economist discerns "strange new rules", devote a special report to "The End of Inflation?" and concludes that inflation is … Continue reading Head scratching inflation