The illusion of stability
Economic calm is always the precursor to a storm. Economics says stability is the sign of a healthy economy. There may be shocks that temporarily knock an economy out of …
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Sharks are eating the whales
Alex Kozul-Wright reviews The Value of a Whale by Adrienne Buller, Manchester Press (2022) and The Finance Curse by Nicholas Shaxson, Penguin Random House (2018). Though distinct in their focus, …
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How scarce is an opportunity
William Darity Jr. explains why scarcity isn’t everything. One of the consistent obstacles for aggressive action to address global warming is encapsulated in the question, “How will we pay for …
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When economists shut off your water
This account is based on the findings of ethnographic research conducted in Kayole Soweto, Nairobi, in 2022 by Adrian Wilson, Irene Nduta and Somo Abdi and written by Adrian and Irene with …
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Stripped back
Life’s bare necessities are revealed in death to Professor Verity Bastion. Nowadays I attend more funerals than cocktail parties. They can be quite jolly affairs and it is remarkable what …
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Moral bankruptcy
Colin Mayer CBE is an eminent Oxford University professor and fellow of the British Academy – the top club for social scientists. He believes that capitalism is in crisis and …
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Money talks
Seven years ago a group of students who were central to the revolt against mainstream economic teaching in universities, published a book, The Econocracy. This book criticised mainstream economics education …
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Take heart
Challenging the Econocrats – those people who use mainstream economic thinking to define political debate – is not for the faint-hearted. Their failure to even envisage the possibility of the …
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A Brilliant Assault
Foundations of Real-World Economics: What Every Economics Student Needs to Know (Routledge, 3rd edition, 2023), by John Komlos. Review by Guy Dauncey One of the world’s hidden tragedies, happening every …
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Fighting inflation with flat-earth monetary policy
Blair Fix puts interest rates to the test in the treatment of inflation and raises a laugh. Advances in science almost invariably arise from questioning received wisdom — taking ideas …
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