Young people might take on a lot of debt without considering its consequences for their older years. A philosopher makes a case for laws to limit that debt as a duty toward self.
Grocery workers have been essential during the pandemic. so should we be paying them more?
Rob Kim/Getty Images)
Prices are the signals the private sector relies on to direct resources. Snuffing out these signals may prove too costly for consumers in the end.
The U.K.‘s Tony Blair, left, campaigned on 'modernizing’ the welfare system. Bill Clinton, right, campaigned on reducing welfare in the U.S.
REUTERS/Clodagh Kilcoyne
In economics classes, relentless growth is an unquestioned dogma. Yet this same economic growth is rapidly ripping apart the ecological foundations of our world.
Australia’s two financial watchdogs have been criticised for their cuddly relationship with banks.
The shutdown is highlighting the crucial role government plays in the lives of citizens and businesses, offering a reminder of its fundamental value to the economy.
There already exist some promising new antibiotic therapies, and more are in the pipeline. However, our economic model prevents researchers from moving them out onto the market.
(Shutterstock)
The end of effective antibiotics will be frightening. Life expectancy will fall dramatically and people of all ages will die from illnesses that we are used to treating with $10 worth of pills.
On the fourth era of business schools and the urgency of reinventing them.
Andrew Simms (New Weather Institute), Sally Svenlen (RE student), Larry Elliott (Guardian), Steve Keen (Debunking Economics) and Kate Raworth (Doughnut Economics) symbolically nail the “33 Theses” to the door of the London School of Economics in December 2017.
rethinkeconomics.org
Nailed to the door of the London School of Economics, the ‘33 Theses’ offer a long overdue challenge to economics dogma. But there are omissions as well.
While free markets have delivered benefits, they also prey on our weaknesses, tempting us to buy things that are bad for us, be it sweet candy or sour investments.
Hamilton’s political enemies unduly tarnished his legacy.
'Hamilton' via www.shutterstock.com
Alexander Hamilton’s story is our story. It would be a mistake to remove him from the $10 bill.
Zannoni’s 1771 Map of the British Isles shows the heart of the “civilised” world – at least according to Adam Smith when he was writing The Wealth of Nations.
Wikimedia Commons/Geographicus Rare Antique Maps
To burnish the virtues of “civilised” Europe, Adam Smith relies on a barrage of racial insults. Where did his information about the so-called “savage peoples” come from in the first place?
A fantasy about free markets in primitive society lies at the heart of Adam Smith’s wealth of nations – but did they ever exist?
Steve Rhodes/Flickr
A careful study of Adam Smith’s Wealth of Nations reveals that its influence lies not in Smith’s ability to construct an argument – but in his skill as teller of tall tales.
Welcome to the party: a time for giving.
Frank Tasche
Fingers crossed, we are soon to be inundated with Christmas joy disguised as presents from our family and friends. I received my first card more than a week ago and a present – now sitting under the tree…
Professor of Management & Organizations; Professor of Environment & Sustainability; Professor of Sustainable Enterprise at the Ross School of Business and School of Environment and Sustainability, University of Michigan