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Nurturing Prosperity: What Development Economists Can Learn from Mothers
Introduction: Expanding on the “infant industry” metaphor, this article explores the lessons that development economists could learn from the way mothers nurture and encourage the growth of their children. While traditional views focus on penalties and corrections, this motherhood approach emphasizes encouragement and building on inherent strengths. This simple yet powerful metaphor sets the stage… Read More Nurturing Prosperity: What Development Economists Can Learn from Mothers
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
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
Positing Job Guarantee Antecedents – Part 2 of 2
By John Haly and Dr. Martha Knox-Haly, originally published at Auswakeup Media. We now go on to part two of our discussion of the concept of a “Mismatched Unemployment Inflationary Rate” (MUIR), which would use a federal job guarantee to bridge the gap between full employment policies and the inflationary risk associated with mismatched skills… Read More Positing Job Guarantee Antecedents – Part 2 of 2
Positing Job Guarantee Antecedents – Part 1 of 2
By John Haly and Dr. Martha Knox-Haly, originally published at Auswakeup Media. Any monetary sovereign government can address unemployment through social and political means, giving the working class a functional financial safety net. What stands in the way, however, is the political establishment’s lack of will and refusal to renounce neo-liberal ideology, which uses the… Read More Positing Job Guarantee Antecedents – Part 1 of 2
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
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
Basics of Monetary Economies
I am planning to write a textbook on monetary economies. I will draft it section by section and chapter by chapter, and put down the drafts here for feedback and comments. The first section is given below – it is an introduction to the topic, and provides some motivation for the study, as well as hints… Read More Basics of Monetary Economies
Positivism & The Loss of Meaning
I recently gave a talk to students of Modern Money and Economics of Sustainability at Torrens University. The video of the talk is provided below. I have also written up some notes about this talk which clarify some points only sketched briefly in the talk, and provide links to more detailed discussions. The following writeup… Read More Positivism & The Loss of Meaning
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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