Guy Routh suggested that orthodox neoclassical economics ignores facts and studies purely imaginary facts, becomes a matter of faith and immune to criticism.
Since 1970, the world and its economy has increasingly become dominated by two groups of states :those which are partly democratic, but influenced strongly by very rich men, such as the U..S.A. and countries of Western Europe; and by authoritarian states: China and Russia.
Working with nature rather than fighting against it could help the world’s population to deal with the dangers inherent in failing to deal with environmental and biodiversity loss crises
In 2015, the United Nations adopted Sustainable Development Goals (SDGs) to end extreme poverty, fight inequality and protect our planet. For many centuries, individuals and small firms had made and distributed basic commodities such as food and clothing.They accumulated profits by keeping whatever remained after they had paid for their expenses. In the nineteenth century,..
The TV programme broadcast on Channel 4 at 10pm on Tuesday 9th January 2018 entitled Working Class White Men offered some deep insights on significant aspects of populism and alienation in England now. This programme was presented by “Professor” Green who is not a real professor but a rapper: nor, so far as I know,..
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
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..
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..
Tim Jackson, Prosperity Without Growth: Economics for a Finite Planet: London and Washington DC., Earthscan, 2011, xii + 276 pages. (Summary of book review*) Economic growth is still important for the world’s poorest nations, but Jackson questions whether it makes sense “for the richer nations, where subsistence needs are largely met and further proliferation of..