Tag Archives: Economics

Economics Students’ Kick It Over Manifesto

Economics Students’ Kick It Over Manifesto
We, the economics students of the world, make this accusation: That you, the teachers of neoclassical economics and the students that you graduate, have perpetuated a gigantic fraud upon the world. You claim to work in a pure science of formula and law, but yours is a social science, with all the fragility and uncertainty that this entails. We accuse you of pretending to be what you are not. You hide in your offices, protected by your ... Read more

Economics is too important to leave to the experts

Economics is too important to leave to the experts
Indeed, willingness to challenge professional economists and other experts is a foundation stone of democracy. If all we have to do is to listen to the experts, what is the point of having democracy? What this means is that, as citizens in a democracy, all of us have the duty to learn at least some economics and engage in economic debates. This is not as difficult as it may seem. Read more

Gary Becker and the Neoliberal Subject

Gary Becker and the Neoliberal Subject
Gary Becker, University Professor of Economics and Sociology at the University of Chicago, has died at the age of eighty three. I am certainly not going to attempt an obituary or assessment. But something Tim Carmody said on Twitter caught my eye: “People sometimes talk about ‘neoliberalism’ as a kind of intellectual bogeyman. Gary Becker was the actual guy.” In a somewhat similar way, people sometimes talked about ‘poststructuralism’ as a ... Read more

The Emerging Global Economic ‘Perfect Storm’

The Emerging Global Economic ‘Perfect Storm’
Much like a perfect storm at sea is the consequence of three converging bad weather fronts, three significant global economic trends have begun to intensify and converge in recent months: (1) a slowing of the China economy and a parallel growing financial instability in its shadow banking system; (2) a collapse in emerging markets currencies (India, Brazil, Turkey, South Africa, Indonesia, etc.) and their economic slowdown; (3) a continued ... Read more