Moral Markets?

‘Two Hundred Years Back, One Hundred Years Ahead: From One Revolution to Another’

by Govert Buijs | 18 Feb 2020 | Climate change & sustainability, Good Markets project, Historical perspective, Long read articles

Two hundred years ago, a seemingly megalomaniac and even hopeless project was started in the West: overcoming poverty by creating more prosperity. This project was called “Progress”. Two hundred years later we can only conclude that this project was more successful than we could have anticipated. However, this project also has some serious shadow sides. As humanity we have to start a new, at first sight almost equally megalomaniac project for the next hundred years: making our prosperity sustainable.

Did the Economists of the ’60s and ’70s Ruin the Economy? – A New Capitalisn’t Episode

by ProMarket | 18 Feb 2020 | Economics as a Science, Podcast

“Are economists to blame for our current state of affairs? That’s the argument Binyamin Appelbaum makes in his book “The Economists’ Hour.” In this episode, Kate and Luigi debate the history of economists, the problems with economics today, and what changes could lead to a better economic future.”

How the Baby Boomers Stole the Millenials’ Economic Future

by London School of Economics (LSE) Blogs | 18 Feb 2020 | Book reviews, Inequality & justice

“In The Theft of a Decade: How the Baby Boomers Stole the Millennials’ Economic Future, Joseph C. Sternberg argues that the predicament facing Millennials today – including job precarity and difficulties entering the housing market – is not of their own doing, but rather the outcome of poor policy decisions taken by the Baby Boomer generation that have only been exacerbated by the 2008 financial crisis. Sternberg weaves a compelling and rich tapestry of historical context, political decision-making and economic examples to explain the Millennial experience and to appeal to the Baby Boomer generation to recognise the consequences of their mistakes, writes Sumaiya Rahman.”

Why the Key to Happiness Might Actually Be GDP

by CapX ("for popular capitalism") | 14 Feb 2020 | Well-being / human flourishing

“It’s increasingly seen as trendy and progressive to criticise GDP as a measure of the success of an economy. Indeed, New Zealand’s ‘Wellbeing Budget’ of 2019 was widely praised as a ‘world first’ for its emphasis on a range of other metrics. It wouldn’t surprise me if Rishi Sunak is encouraged to adopt similar language in his first Budget. But a closer look reveals this is often far more about presentation than substance.”

California Capitalism

by Project Syndicate ("The World's Opinion Page") | 13 Feb 2020 | Critiquing / Reinventing Capitalism

“After years of inaction by the US federal government, state governments like California’s have forged ahead with solutions to challenges such as climate change and labor-replacing automation. Indeed, the state is developing its own distinctive political economy.”

Antitrust Law’s Current Stance Toward Workers Violates Its Original Purpose to Balance Power With Powerful Firms

by ProMarket | 13 Feb 2020 | Critiquing / Reinventing Capitalism, Inequality & justice

“Antitrust law’s present-day bias against democratic cooperation and in favor of top-down corporate control has contributed more broadly to the institutional weakness and perceived illegitimacy of workers’ collective action rights, even when those rights are grounded in labor law.”

Psychologist Explains Why Economists—and Liberals—Get Human Nature Wrong

by Institute for New Economic Thinking (association of heterodox economists) | 13 Feb 2020 | Economics as a Science

“For a fictional character, homo economicus has had a pretty good run. Since the 1950s, this mono-motivated, self-seeking figure has stalked the pages of economics textbooks, busy deciding each action according to a rational calculus of personal loss and gain. But more recently his territory has shrunk as experts on human nature have demonstrated what any decent novelist could have told them: our real selves are nothing like this.”

Paul Krugman: Everything Is Political

by JSTOR Daily ("Where News Meets Its Scholarly Match") | 12 Feb 2020 | Interviews

“An interview with the Nobel prize-winning economist on what to do about the ‘zombie ideas’ that animate contemporary political discourse.”

New Firms for A New Era

by Project Syndicate ("The World's Opinion Page") | 12 Feb 2020 | Business ethics & CSR

“In recent years, large corporations have become increasingly aware that they must be sensitive not only to the financial bottom line, but also to the social and environmental effects of their activities. But societies should not allow firms’ owners and their agents to drive the discussion about reforming corporate governance.”

(article by economist Dani Rodrik, author of a.o. Economics Rules; The Rights and Wrongs of the Dismal Science, 2015)

What Is Twenty-First-Century Socialism?

by Project Syndicate ("The World's Opinion Page") | 11 Feb 2020 | Long read articles, Socialism (or free markets?)

“The failures of communism in the twentieth century were an indictment not of socialism but of autocracy and central planning. After four decades of Gilded Age-style capitalism, it is time to give cooperative production and egalitarian distribution another try, this time through a democratic ‘sharing economy’.”

Portal to Knowledge & Open Debate

‘Two Hundred Years Back, One Hundred Years Ahead: From One Revolution to Another’

Did the Economists of the ’60s and ’70s Ruin the Economy? – A New Capitalisn’t Episode

How the Baby Boomers Stole the Millenials’ Economic Future

Why the Key to Happiness Might Actually Be GDP

California Capitalism

Antitrust Law’s Current Stance Toward Workers Violates Its Original Purpose to Balance Power With Powerful Firms

Psychologist Explains Why Economists—and Liberals—Get Human Nature Wrong

Paul Krugman: Everything Is Political

New Firms for A New Era

What Is Twenty-First-Century Socialism?

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