Browsing articles tagged with " economics"

German network of pluralist economics students

Sep 1, 2014   //   by boyce   //   Websites  //  No Comments

German students organize for new economic thinking:

https://www.plurale-oekonomik.de/home/

 

 

Learning from history

May 7, 2014   //   by boyce   //   Videos  //  No Comments

A new animation sums up the differences between the “Golden Age”of 1948-71 and the “Great Moderation” of 1985-2007:

Source: http://www.nakedcapitalism.com/2014/05/myth-great-moderation.html.

Students call for pluralism in economics education

May 6, 2014   //   by boyce   //   Articles  //  No Comments

There is growing demand from students around the world for profound changes in how economics is being taught:

We, 42 associations of economics students from 19 different countries, believe it is time to reconsider the way economics is taught. We are dissatisfied with the dramatic narrowing of the curriculum that has taken place over the last couple of decades. This lack of intellectual diversity does not only restrain education and research. It limits our ability to contend with the multidimensional challenges of the 21st century – from financial stability, to food security and climate change. The real world should be brought back into the classroom, as well as debate and a pluralism of theories and methods. This will help renew the discipline and ultimately create a space in which solutions to society’s problems can be generated.

Read more here.

And The Guardian‘s coverage here.

Post-crash economics

Apr 24, 2014   //   by boyce   //   Articles  //  No Comments

Students at Manchester University lay out the case for changes in economics education:

In short, we argue for pluralism of perspectives and the inclusion of ethics, history and politics. We advocate an approach that begins with economic phenomena and then gives students a toolkit to evaluate how well different perspectives can explain it. The discipline should be conceptualised as an ecosystem, as the importance of diversity and the cross-fertilisation of paradigms are key to success.

Read more here.

For some background on this initiative, see here.

Rethinking economics

Feb 6, 2014   //   by boyce   //   Articles  //  No Comments

Demand from students for reality-based, ethically grounded economics is growing around the world:

When the financial crisis hit in 2007, economics students at respected institutions around the world found that theories handed down in classrooms failed to explain the reality outside, and an international movement began to demand a change in the way economics is taught.

Read more here.

Wealth-building strategies for America's communities

Oct 10, 2013   //   by econ4org   //   Websites  //  No Comments

Resources for democratic, community-based economic development from the Democracy Collaborative:

http://community-wealth.org/

Inequality for All

Oct 10, 2013   //   by boyce   //   Videos  //  No Comments

Here’s the trailer for the new film “Inequality of All,” featuring Robert Reich:

Read more about the film and the facts behind it here.

The over-supplyside economy

Oct 5, 2013   //   by boyce   //   Articles  //  No Comments

Daniel Alpert explains why the economy ain’t what it used to be:

We are in an age of global oversupply: an oversupply of global labor (hence high underemployment); an oversupply of global productive capacity (hence ultra-low inflation); and an oversupply of global capital (hence low interest rates)….

[O]ne can’t properly understand the financial crisis without appreciating how the rise of the emerging nations distorted the economies of rich countries. And you can’t chart a course to more growth and stability in the developed world without recognizing that many of these distorting forces are still at work. Cheaper credit through monetary easing, for example, doesn’t yield much in an era when cheap capital already exists in abundance.

Can we get out of this mess? We can, but we need a fresh playbook.

Read his Times op-ed piece here.

Economy malfunction

Sep 13, 2013   //   by boyce   //   Articles  //  1 Comment

Nobel laureate Joe Stiglitz doesn’t mince words:

Let us be clear: our economy is not working the way a well working economy should. We have vast unmet needs, but idle workers and machines. We have bridges that need repair, roads and schools that need to be built. We have students that need a twenty-first century education, but we are laying off teachers. We have empty homes and homeless people. We have rich banks that are not lending to our small businesses, but are instead using their wealth and ingenuity to manipulate markets, and exploit working people with predatory lending.

Read excerpts from his speech at the AFL-CIO here.

Time for new code

Jul 28, 2013   //   by boyce   //   Articles  //  No Comments

Peter Buffett, co-chair of the NoVo Foundation, writing in the Times on the limits of philanthropy:

As more lives and communities are destroyed by the system that creates vast amounts of wealth for the few, the more heroic it sounds to “give back.” It’s what I would call “conscience laundering” — feeling better about accumulating more than any one person could possibly need to live on by sprinkling a little around as an act of charity…

It’s time for a new operating system. Not a 2.0 or a 3.0, but something built from the ground up. New code.

Read more here.

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