Environmental ethics is a field of applied ethics concerned with the ethical dimension of human relationship towards nature. The term environmental ethics covers a variety of approaches that can be roughly divided into two camps: anthropocentrism and non-anthropocentrism. Anthropocentrism refers to a human-centered approach to environmental problems that protects nature for humans. Radical anthropocentrism is… Read More Do we need environmental ethics?
This continues a sequence of posts explaining how conventional economics is actually the economic theory of the top 1%: ET1%: Blindfolds created by Economic Theories. Eight central concepts of economic theory are shown to be deceptive – they have an appearance of objectivity, fairness, and equity, but actually conceal a strong bias in the favor of… Read More The Pareto Efficiency Swindle
Even though very few people have more than a vague idea about them, macroeconomic theories deeply affect the lives of everybody on the planet. Writings of Piketty, Stiglitz and many others, as well as personal experience of the 1% — 99% divide, have created increasing awareness of the deep and increasing inequalities which characterize modern… Read More Ideological Macroeconomics & Increasing Inequality
If any group of concerned citizens would gather to discuss economic problems, it would seem natural to begin with the problem of feeding the hungry. Strangely enough, one would not encounter this problem within a standard course of study of economic theory at any of the leading universities throughout the world. This is due to… Read More Hunger as the Primary Economic Problem
The perpetuation of inequality through clustering in neighborhoods is graphically depicted in: “Living in a poor neighborhood changes everything about your life” by Alvin Chang. Of course, this concept cannot even be formulated in conventional economic theory. I think we must move beyond the idea that neoclassical economic theory is “wrong” and come to the… Read More Remembering Muhammad Ali
[Clarification — this is not the followup post to Misconceived Project of Social Science — that will be posted a few days later — however, it is part of sequence showing the serious defects of modern economic theory] Observations of the real world massively contradict trickle-down theories, so economists generally do not admit to believing… Read More The Fairy Tale of GNP per capita
A near perfect graphical illustration of the power of economic theory is provided by the following graph; copied from RWER Blog The impact of the roaring 20’s can be seen clearly as the shares of the bottom 90% drop steadily from 20% to around 13%, while the shares of the top 0.1% shoot up. The… Read More The Power of Economic Theory: Graphically Illustrated