Monopoly Was Designed 100 Years Ago to Teach the Dangers of Capitalism

“At the start of the 20th century, children were part of the regular workforce. They possessed few toys. When U.S. manufacturers created games, they built them to market to parents: to teach as well as to entertain. Progressive writer Elizabeth Magie Phillips created Monopoly in 1904 to teach players about the dangers of wealth concentration.”

Dentists Need a Licence to Practice. Why not Economists?

“It’s easier to become an economist than a dentist, or a doctor or a lawyer. For those and other professions you need to be accredited – you need a licence to practice. The economics profession requires nothing other than a university degree, and this month in its regular poll of 54 leading economists, the Economic Society of Australia asked whether it should set the bar higher.”

Is There Such a Thing as an Anarchist Capitalist?

“Even though anarchy and capitalism seem like they’re diametrically opposed, there are some out there who call themselves anarcho-capitalists. A more extreme version of libertarianism, anarcho-capitalism argues that there ought to be no state whatsoever; the free market can sort everything out, and if left alone, will ensure everybody’s liberty. The philosophy attracts considerable criticism, both from anarchists, who argue that capitalism is inherently exploitative, and from people with more traditional politics, who argue that the lack of regulation would send an anarcho-capitalist society right down the toilet.”

Diversity and Excellence [in Economics]: Not A Zero Sum Game

“The lack of pluralism of economic theories and methodologies has been a problem for a long time, but it became particularly obvious in the wake of the global financial crisis. A decade later, there is still much to be done to open up spaces for alternative economic approaches. In addition to opening up economics to insights from alternative theoretical approaches—such as Keynesian economics, Marxian economics, political economy, and feminist economics—our field must also be more inclusive of scholars from underrepresented groups in order to lay the foundations for an economics that is relevant for our time and firmly grounded in the real world. We believe these two forms of diversity deficits must be tackled together. Below we outline our plan for doing so. “

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