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Hives that travel by truck, bees paid for their pollination service, adulterated honey, economic theories based on an imaginary social organization…
European Commission president Ursula von der Leyen presents the “Green New Deal” plan to fight climate change before the European Parliament in Brussels on December 11, 2019.
To achieve sustainable growth under the constraint that consumption is independent from the use of natural resources, we must move along the path of qualitative growth.
It even inspired the global TV hit, La Casa de Papel
The story of how money injections became the go-to policy for tackling economic crises.
Since its creation in 1999, the inflation rate in the euro zone has only exceeded 4 percent for a few months, on the eve of the Great Recession of 2008.
Massive stimulus plans combined with rising production costs could lead to expectations that inflation will rise. And that alone could trigger an inflationary spiral not seen in 25 years.
Economist John Weeks has died aged 79.
Progressive Economy Forum
Weeks, an Emeritus Professor of Economics at the School or Oriental and African Studies, had a long and distinguished career.
Manchester City manager Pep Guardiola during Premier League match between against Crystal Palace in January 2020.
Financial scandals have damaged the integrity of both clubs. With the rewards for cheating so high, harsher punishments are needed.
Democracy needs to apply to our economies, as well as our politics.
Amani A / Shutterstock
Unlike older visions of economic democracy which started with class or the collective, the starting point now should be the individual
To understand an economic reality where growth is increasingly more qualitative than quantitative and where environmental constraints need a careful understanding, economics needs a major overhaul.
The principles that drive financial markets emphasize short-term profits at the cost of long-term benefits.
Investors are increasingly concerned about climate change, but for the markets to deploy their full capacities, the dominant principles that guide them need to be revised.
YKK-brand zipper on a pair of jeans.
The humble zipper has some profound things to tell us about innovation, competitive advantage and international trade.
If we want economics to appeal to young Australians, it needs to move away from theory and towards tackling some of the trickiest issues faced by the next generation.
For economics to play a more helpful, critical role, it must abandon blind faith in the free market and embrace the social, historical, and environmental context in which economics actually happens.
The authors of the book
The Making of Finance highlight the intellectual capture of the financial worlds.
Nothing has changed since the 2008 financial crisis. Orthodox theory continues to structure the entire financial industry, yet there is an urgent need to study the social and political nature of markets.
It’s not a scam. It also won’t make you fabulously wealthy. Initiative Q wants a stable private currency for payments processing rather than a vehicle for speculation.
Amazon has lifted its lowest pay rate to US$15 an hour.
Australia’s unemployment rate may have to fall much more before we see any wages growth.
A cargo ship owned by Yang Ming departs New York harbor on April 9, 2018.
The economic theory of comparative cost advantage is more akin to natural law – it can’t be wished away. And during the ongoing trade war ignited by Donald Trump, it has never been more relevant.
It all comes down to incentives and the size of parliament.
Our revolving door prime ministers are the result of the politicians being too responsive to what we think, and there being too few of them.
You may still feel losing a wallet more than finding it.
A new study claiming to debunk this core part of behavioural economics suggests we really need a new and improved model for loss aversion.
Aggregate demand is being hit by the concentration of income growth among the top earners and is now a drag on economic growth.
News that Australian CEO pay has soared to a 17-year high at a time when ordinary workers’ wages are flatlining is ultimately bad news for economic growth and prosperity.
The treasurer referred to the A$13 billion “zombie” measures the Senate has failed to pass as a “Senate tax”, in justifying the tax increases in this budget.
The budget was extraordinary in many ways. It is an abandonment of restraint on taxes by a liberal government. It is nakedly populist and it also acknowledges that government debt can be productive.
It is an attractive proposition to say we would gain significant efficiencies if there were a limited number of major providers of government-funded human services.
If we continue to base our views of the charity sector on incorrect assumptions and perceptions we run the risk of doing considerable damage to a national asset.