Economics is Applied Morality
The ignorance of many highly experienced economists to the moral foundations of their work is quite alarming.
Read more...Category Archives: Social policy
Over 1 in 6 Men in Prime Working Years Don’t Have a Job
A new Wall Street Journal story on how many men aged 25 to 54 can’t find work, fails to mention but nevertheless shellacks an embarrassing New York Fed paper released earlier this week.
Read more...Ignacio Portes: How the Left Underestimates Chile’s Right-Wing Keynesians
Yves here. Please welcome Igancio Portes to NC. He’s a sophisticated young writer who has a sharp eye for power dynamics and is keenly interested in why the left (the genuine left as opposed to the fake version we have in the US) so often fails to achieve its intended results when it gets control of a government. He’ll be providing posts from time to time on Latin America, which is too often covered in a cursory and propagandized manner in the mainstream English language press.
Read more...Are the Davos Men Getting a Bit Nervous?
Normally I try not to pay much attention to Davos because it is meant to reinforce the idea that plutocracy is simply a manifestation of natural aristocracy.
Read more...Gar Alperovitz on Mondragon and the Potential of Worker Owned Co-ops Economy
Gar Alperovitz, professor of economics at the University of Maryland, speaks on Real News Network about the potential and limits of worker cooperatives like Mondragon.
Read more...The Myth of Maximizing Shareholder Value
So many of the assertions made about “maximizing shareholder value” are false that they should be assumed to be a lie until proven otherwise.
Read more...Philip Pilkington: Behavioral Economics as Victorian Moralizing
Why behavioural economics is nothing but Victorian morality passed down to the modern age.
Read more...Minimum Wages: The Effects on Employment and Labour-Force Turnover
Minimum-wage increases are associated with a lower probability that a job will end, and with a lower probability that an unemployed person will find work.
Read more...Debunking the Idea that “Structural Reforms” Reduce Unemployment
Both the IMF and the ECB call for “structural reforms” which are code for further weakening labor protection as beneficial to “competitiveness” and job creation. Does this claim stand up to scrutiny?
Read more...Can Chile Reform the Neoliberal Model?
Chile is often a social laboratory that gives an advance view of what is coming……
Read more...Yanis Varoufakis: Greek Finance Minister Reveals Advanced Case of Stockholm Syndrome
This is a stupendous story. Possibly for the first time in its tainted history, the International Monetary Fund had a major change of heart and tried to do the right thing by a ‘program’ country, only to be turned down by that very same country’s finance minister!
Read more...Frigid Weather Puts Homeless at Risk
Yves here. Although the current spell of nasty cold weather isn’t unusual by the standards of three decades ago, in the intervening years we’ve also had a big increase in homelessness, which means a lot more people are at risk of freezing to death.
Read more...The Three Card Monte of Generational Warfare
Stock speculator Jay Gould remarked, “I can hire one half of the working class to kill the other half.” That, sports fans, is the real foundation of the generational warfare propaganda effort.
Read more...Death By A Thousand Cuts: The Silent Assassination Of European Democracy
The European Union is riddled with fatal flaws and defects. Chief among them is the single currency which, rather than serving as the Union’s springboard to global dominance, could well be its ultimate undoing.
Read more...Michael Sandel: The Moral Limits of Markets
Since I imagine many of you are staying indoors even more than usual on a winter Saturday due to the nasty weather in the Northeast and Midwest, I though a video double-header was in order.
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