Author :All posts by petersen

Posted in : Economic evolution, Neoliberalism on by : petersen Comments: 0

The rise of electoral democracies has been accompanied by enhancement of the role of myths and stories in economics and politics, in which “truth”, even if it could  be found, has rarely ever  played much of a role

Posted in : - Blog -, Agriculture and Food Policy, Britain's Economic Policy on by : petersen Comments: 0

The devastation has only just begun It will become even more apparent when and if Brexit actually happens. The value of sterling has fallen sharply. This is already  increasing prices of foods imported from the EU. Effects on the welfare of poor people who spend nearly a quarter of their incomes on food will be severe. As..

Posted in : - Book reviews -, Global Warming? on by : petersen Comments: 0

Naomi Klein, This Changes Everything: Capitalism vs the Climate Naomi Klein is concerned with anthropogenic climate change which she had denied for a long time. She is pessimistic about the future: “We know that if we continue on our current path of allowing (carbon dioxide) emissions to rise year after year, climate change will change..

Posted in : - Book reviews -, Global Warming? on by : petersen Comments: 0

A New Approach to Economics, Innovation and the Environment, Anthem Press, 2015. Fücks states that the overwhelming majority of the scientific community agrees that “Global CO2 emissions must be halved by the middle of the century in order to stabilise the earth’s climate2. He considers that, even if it is too late to limit the..

Posted in : - Publications -, Economic evolution, Technology and Inequality on by : petersen Comments: 0

by Peter Senker and Erika Cudworth This paper draws on: Erika Cudworth, Peter Senker , and Kathy Walker,(editors) ( 2013) Technology, Society and Inequality: New Horizons and Contested Futures, New York, Peter Lang. ABSTRACT Dysfunctional innovation is increasingly pervasive worldwide . It sustains economic and social inequality rather than stimulating economic growth. For example, ICTs..

Posted in : - Blog -, Britain's Economic Policy on by : petersen Comments: 0

From about 1960 to 1979, most economists believed that the UK economy was in a dreadful state, and that something ought to be done about it. Between 1945 and 1948, the Labour Government elected in 1945  implemented some policies which were helpful to the whole of society, such as initiating a National Health Service and..

Posted in : - Book reviews -, Agriculture and Food Policy, Britain's Economic Policy on by : petersen Comments: 0

Joanna Blythman,  Swallow This: Serving up the food industry’s darkest secrets: Published by Fourth Estate, London, 2015 The companies which dominate the packaged food industry are typical of companies which control an increasing proportion of the world’s economic output: their principal motivation is to increase the profits which accrue to their shareholders. This book provides..

Posted in : - Publications -, Economic evolution, Neoliberalism on by : petersen Comments: 0

ABSTRACT Neoclassical economics dominates modern economics .It fails to take sufficient account either of technological change or of marketing activities, both of which are central features of modern capitalism. Neoliberals believe that the state should be confined to safeguarding individual and commercial liberty and strong property rights. But in practice, corporations’ dependence on states has..

Posted in : - Publications -, Agriculture and Food Policy on by : petersen Comments: 0

Implications of agricultural innovation for peasants and small farmers. SUMMARY 1. During the last five hundred years, various changing groups of powerful people and organisations have continually succeeded in depriving small farmers and peasants of the land they had worked, so that it could be used for other purposes. Large farms have succeeded in taking..

Posted in : - Blog -, Neoliberalism on by : petersen Comments: 0

I have been publishing evaluations of various aspects of modern capitalism and neoliberalism over the last thirty years, starting in 1981 with a critique of one of Milton Friedman’s central ideas: Milton Friedman had suggested that faster inflation and higher unemployment have been mutually reinforcing in advanced countries since 1973. But he admitted that the..