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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Dividends in the Co-op

Margaret Lund tells how cooperation works in practice. In theory, there should be no such thing as a multi-stakeholder cooperative (MSC); in practice, it is a popular model of cooperative

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Nobbled in a noble cause

How we became prize fighters. Henry Leveson-Gower recounts. I was going through my mail (the paper stuff) some months ago when I was a little shocked to open a letter

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Economics rules – not OK

Economic decisions are made without the full understanding of the people they affect most. Katy Wiese spells out the issues. For many, economics is technical, jargon-laden, yet abstract, making it

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A Name With No Name

Danielle Guizzo looks at how economics made the work of academic giant Barbara Wootton, invisible. Barbara Wootton, was a leading name in the areas of Sociology and Criminology in post-war

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All together. How?

If the way out of climate crisis requires a world that works together, can economics and markets provide the direction? Şerban Scrieciu reflects. Two globally significant events this year have

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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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On the road to reality

Professor Alan Kirman became a complexity economist before the term was invented.  Having trained in equilibrium economics, his intellectual curiosity led him to do something few economists actually do: study

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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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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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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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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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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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