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Enlightenment Epistemology and the Climate Crisis

Introduction At first glance, it appears that industrialization, with its rampant overproduction and overconsumption, stands as the primary antagonist in our climate crisis narrative. However, this surface-level perception overlooks a more profound shift that lies beneath: an epistemological revolution birthed in the European Enlightenment. This era marked a pivotal transition in our relationship with the… Read More Enlightenment Epistemology and the Climate Crisis

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CAPITALISM, SOCIALISM AND DEMOCRACY 80 YEARS LATER: WEA WEBINAR MEETING

2024 WEA Conference: CAPITALISM, SOCIALISM AND DEMOCRACY 80 YEARS LATER: Looking at capitalism today in light of its past and possible future We are going to close the Discussion Forum https://capitalismanddemocracy2024.weaconferences.net/papers/ with a Webinar meeting to be held on Wednesday, March 27th, between 4:00 pm  and 6.30 pm UK time zone. Platform: Google Meet (xef-kpdf-ibw)… Read More CAPITALISM, SOCIALISM AND DEMOCRACY 80 YEARS LATER: WEA WEBINAR MEETING

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Nominal Versus Real Models

Modern economics uses “scientific” methodology, under the assumption that economic laws are invariant across time, space, and society. In previous posts, we saw how this leads to loss of precious insights about money gained from historical experiences (Monetary Economies: A Historical Perspective, Lessons from Monetary History: The Quality-Quantity Pendulum). In this post, we will discuss the modeling… Read More Nominal Versus Real Models

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Lessons from Monetary History: The Quality-Quantity Pendulum

In the previous section, we saw how economic theories changed from Classical to Keynesian to Monetarist over the course of the 20th century. These changes were driven by historical events. Taking this historical context into account deepens our understanding of economic theories. This contrasts with the conventional methodology of economic textbooks, which treats economic theories as scientific… Read More Lessons from Monetary History: The Quality-Quantity Pendulum

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Climate Change at the 2023 G7, BRICS, G20, and UN SDGs Summits: Finance as a Key Issue

Despite the ongoing expansion of renewable energies, a substantial shortfall persists between the investments currently being allocated and those that are necessary. The inadequacy of both public and private investments to fulfil the necessary criteria is regrettable. In 2023, climate change was a topic that was explored at a few summits prior to COP 28:… Read More Climate Change at the 2023 G7, BRICS, G20, and UN SDGs Summits: Finance as a Key Issue

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CAPITALISM, SOCIALISM AND DEMOCRACY: a WEA Conference

I am writing todat about a new online conference of the World Economics Association ” Capitalism, Socialism and Democracy 80 years later: Looking at capitalism today in light of its past and possible future” You can find more information about it here: https://capitalismanddemocracy2024.weaconferences.net/ Arturo Hermann and I are aleading the conference and we both feel… Read More CAPITALISM, SOCIALISM AND DEMOCRACY: a WEA Conference

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Threats to the US dollar’s role as global reserve currency

2021 marked the 50th anniversary of the “weekend that changed the world”, when US President Richard Nixon suspended the convertibility of the dollar into gold. From a monetary point of view, since then there has been continued dominance of the dollar as a vehicle for international transactions. However, Is the dollar as the world’s reserve… Read More Threats to the US dollar’s role as global reserve currency

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A tribute to Victoria Chick and her advocacy for Macroeconomic Methodology

Post written by By Jesper Jespersen, dr. scient. adm. – Roskilde University, Denmark A Tribute to the late Victoria Chick (1936-2023) and her insistence on the relevance of Macroeconomic Methodology. Professor(em) Victoria Chick (VC), UCL died in January this year. Although she only published two books rather early in her academic career, she has made… Read More A tribute to Victoria Chick and her advocacy for Macroeconomic Methodology

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