Heterodox economics
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The Non Zero-Sum Society

As President Obama said in his inaugural address last week, America “cannot succeed when a shrinking few do very well and a growing many barely make it.”
Yet that continues to be the direction we’re...
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Heterodox economics
Economics is a social science which requires a critical pluralistic approach, to be useful.
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Mark Blyth -- Capitalism and the State

From https://www.youtube.com/watch?v=BYaEL0Aw_Pw
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succinct account of how capitalism requires a high functioning state
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Bill Mitchell: Demystifying Modern Monetary Theory

In a challenge to conventional views on modern monetary and fiscal policy, Professor Bill Mitchell of Newcastle University in Australia has emerged as on
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Mark Blyth & Michael Roberts /Europe: Economic Crisis and Political Alternatives

tranzit.ro/Cluj Culture and Politics of Crisis V 21.06 2017 Europe: Economic Crisis and Political Alternatives Mark Blyth & Michael Roberts Where is Europ
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There is a magic money tree…in fact there are two | P2P Foundation

There is a magic money tree…in fact there are two | P2P Foundation | Heterodox economics | Scoop.it
Let us have no more myths about the lack of magic money trees: they do exist – what matters is who owns and controls them. And it should be all of us
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Aman Kanwar's curator insight, July 6, 5:40 AM

An interesting way to look at how money - or claims on our resources - is created and distributed.

Do you agree with the claim that state magic money can be created free of debt?

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Prof. Richard Werner - Banking Industry Exposed & Solutions Presented - Dublin April 2016

Detailed Index - Professor Richard Werner’s Talk: 1 - Why is banking so important for the economy, society and the sustainable development of regions an
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David Graeber on Bullshit Jobs

David Graeber on Bullshit Jobs. A clip from Episode 1 of Renegade Inc. ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ Renegade Inc. provides its members with the conten

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Innocuous Proclaimations | Michael Hudson

Innocuous Proclaimations | Michael Hudson | Heterodox economics | Scoop.it
Michael Hudson on Meet the Renegades, delving into economic history as only he can.
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Why Economic Recovery Requires Rethinking Capitalism | naked capitalism

Why Economic Recovery Requires Rethinking Capitalism | naked capitalism | Heterodox economics | Scoop.it
Capitalism needs a dose of socialism, aka public works. Mission-oriented public investment is vital to revive private-sector investment.
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The penny drops – WSJ acknowledges UK government can never run out of money

The penny drops – WSJ acknowledges UK government can never run out of money | Heterodox economics | Scoop.it
When a News Corp newspaper starts writing articles that reflect the insights provided by Modern Monetary Theory (MMT) you know that progress in the dissemination of those ideas is being made. Even …
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Bad Growth vs Good Growth: How to Protect the Earth and Have a Vibrant, More Equitable Market Economy - Evonomics

Bad Growth vs Good Growth: How to Protect the Earth and Have a Vibrant, More Equitable Market Economy - Evonomics | Heterodox economics | Scoop.it
I’ve been a businessman. My first venture, back in the 1970s, was a worker-owned cooperative that installed solar water heating systems. Our six co-founders wanted the business to stay small and democratic—one person, one vote. And for a while we did, until some of us had kids and others wanted to learn new skills. So we grew the business, became more hierarchal, and earned more income.

My second venture, Working Assets (now Credo Mobile), is a traditionally structured private company with a self-chosen mission: to support progressive causes while earning a profit. It seeks growth as a way to reward early investors and increase its social impact.

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Steve Keen 2016 On gold Dollar Capitalism Double Shot Interview Prof Steve Keen with Bernard Hickey

Steve Keen 2016 On gold Dollar Capitalism Double Shot Interview Prof Steve Keen with Bernard Hickey Steve Keen It's Gold Don't Why Brexit is good fo
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Rentier Capitalism - Veblen in the 21st century | Michael Hudson

Rentier Capitalism - Veblen in the 21st century | Michael Hudson | Heterodox economics | Scoop.it
Michael Hudson on the critical approach to economic theory Veblen provided.
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Steve Keen: The Big Idea about Private Debt

Originally published on Aug 13, 2016 Steve Keen's BIO: Keen is one of very few economists ( out of twelve worldwide) - globally - who perfectly predicte
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Modern Money & Public Purpose 1: The Historical Evolution of Money and Debt

Moderator: William V. Harris, William R. Shepherd Professor of History and Director, Center for the Ancient Mediterranean, Columbia University Speaker 1: L
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Strong and stable? The Conservatives' economic record since 2010

Strong and stable? The Conservatives' economic record since 2010 | Heterodox economics | Scoop.it
In a recent interview, Theresa May was asked by Andrew Neil how the
Conservatives would fund their manifesto commitments on NHS spending. Given
that the Conservatives chose not to cost their manifesto pledges, May was
unable to answer. Instead she simply repeated that the Conservatives are
the only party that can deliver the economic growth and stability required
to pay for essential public services.  When pressed, May’s response was
simple: ‘our economic credibility is not in doubt’.

But does the record of the last seven years support May’s claim?
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US Imperialism funded by the conquered | Michael Hudson

US Imperialism funded by the conquered | Michael Hudson | Heterodox economics | Scoop.it
Michael Hudson on the contortions of economic understanding through the prism of US economic history.
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How a Ruthless Network of Super-Rich Ideologues Killed Choice and Destroyed People’s Faith in Politics - Evonomics

How a Ruthless Network of Super-Rich Ideologues Killed Choice and Destroyed People’s Faith in Politics - Evonomics | Heterodox economics | Scoop.it
The events that led to Donald Trump’s election started in England in 1975. At a meeting a few months after Margaret Thatcher became leader of the Conservative party, one of her colleagues, or so the story goes, was explaining what he saw as the core beliefs of conservatism. She snapped open her handbag, pulled out a dog-eared book, and slammed it on the table. “This is what we believe,” she said. A political revolution that would sweep the world had begun.

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What’s wrong with macroeconomics? – Mosquito Ridge

What’s wrong with macroeconomics? – Mosquito Ridge | Heterodox economics | Scoop.it
My father in law was an engineering worker. When people asked him: “what do you make in there?” he replied: we make tools and excuses, and the excuses are excellent.” My starting point is that…
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Using welfare systems to hide the problem of deindustrialisation

Using welfare systems to hide the problem of deindustrialisation | Heterodox economics | Scoop.it
There have been lots of E-mail requests overnight for commentary on the US election result. I think that space is pretty crowded at present – with Clinton supporters trying to reconstruct eve…
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Worker shortages for UK food industry reach worst level since 2004

Worker shortages for UK food industry reach worst level since 2004 | Heterodox economics | Scoop.it
Fall in sterling’s value and fears of anti-migrant sentiment has put EU nationals, who make up 90% of jobs in sector, off applying for vacancies

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Graham Watson's curator insight, November 2, 2016 6:42 PM
Another consequence of Brexit? If the Association of Labour Providers is correct - then expect to pay more for your Christmas dinner as a result of labour shortages.

That said, the absence of Brussels sprouts is unlikely to cause a significant outflow of tears - and may help make the festive season rather more sweetly fragranced.
Rescooped by Nicholas Ripley from Economics: Its History and Politics
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Janet Yellen to macroeconomists: that whole (aggregate) supply-demand thing might need a rethink | FT Alphaville

Janet Yellen’s speech on Friday to the Boston Fed conference was like a greatest-hits collection of the frustrations long expressed by advocates of more-stimulative demand policy.

One of those frustrations has been rooted in the belief that a more aggressive counter-cyclical response to recessions doesn’t merely jumpstart the economy again, but also prevents semi-permanent damage to the economy’s very capacity for growth — in other words, weak demand now can damage potential supply into the future.

This causal relationship can exist through a few obvious channels. People without jobs lose their skills and their contacts, making them less productive even in later years. The investment in equipment, buildings, and research needed to make innovative breakthroughs is foregone.

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Plutocrats Brag: We Win Because You Fail to Vote

Plutocrats Brag: We Win Because You Fail to Vote | Heterodox economics | Scoop.it
By William K. Black
October 20, 2016     Kansas City, MO

The New Democrats and their Republican counterparts’ economic policies have created a rigged system of crony capitalism.
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It’s time to junk the flawed economic models that make the world a dangerous place

It’s time to junk the flawed economic models that make the world a dangerous place | Heterodox economics | Scoop.it
Mainstream economics is terrible at understanding the reality of human behaviour. Now, even the respected thinker Paul Romer is calling for change
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The danger of mathematical model thinking in economics
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