The ideas of Ludwig von Mises, an economist of the Austrian School, have been resurrected by critics of a RBE in an attempt to show that a moneyless economy is impossible. Despite numerous attempts to disprove the criticism, the spectre of von Mises still hangs over the social movements that support a RBE. But my defence here is not merely yet another attempt at disproving von Mises, but emerges also from the frequency of misunderstandings and misuse of his critique, and some issues regarding the proposed solutions from RBE supporters. I wish to set the record straight on what the true challenge of von Mises’s ‘calculation problem’ is, but also offer internal critique against some rebuttals against von Mises by RBE, such as the idea that computation solves the calculation problem.
John T. Harvey has been a Professor of Economics at Texas Christian University since 1987, after earning his Ph.D. in Economics that year from the University of Tennessee. He specializes in international economics (particularly exchange rates), macroeconomics, history of economics, and contemporary schools of thought. Dr. Harvey's work combines analyses rooted in the scholarly traditions of John Maynard Keynes and Thorstein Veblen with that of modern psychology to produce a set of new theories to explain international monetary economics, including not only exchange rates but also world financial crises.
"Nick Dyer-Witheford (2007) has proposed the term Commonism for a society where the basic social form of production are the Commons (while in capitalism, commodities are the basic social form). As the success of commons-based peer production shows, commons and peer production go together very well. We can therefore expect peer production to be the typical form of production in a commons-based society. Commonism would be a society where production is organized by people who cooperate voluntarily and on an equal footing for the benefit of all.
Stereolab is an intellectual’s dream, equal parts vintage synth manual, obscure bossa nova record, and communist tract. Their fetish for odd keyboard and odd jazz is well discussed, but their lyrics, often deeply Marxist, far less so.
The two giants of the mobile ad economy have opposing philosophies on making money from your time. Namely, Google saves time while Facebook soaks it up.
Economic thinkers around the world increasingly realize that the central assumptions of traditional economic thought are bankrupt. Talk of “homo-economicus”, “free market solutions”, and “trickle-down economics” are routinely ridiculed as absurd when viewed against the complex realities of life. It’s clear now that the field of economics doesn’t have answers to our most pressing problems. There are calls for a new economic paradigm—one that is based on human nature and complex systems.
Q. What is meant by integral economics? A. Integral theory is a theory initiated by Ken Wilber, which looks at how the many maps of the human experience integrate into one theory.
The establishment of this blog coincided with our campaign for a rational resolution of the euro crisis. By we, I mean Stuart Holland and myself. Such a resolution, we felt, was always feasible within the current insititional framework but requires clear vision and political will to implement. Moreover, it can be agreed to by people of different political persuasions since it is founded upon a minimalist, common sense, set of assumptions and policy recommendations.
Steve Keen, head of the School of Economics, History, and Politics at Kingston University, tells Erin the two most important lessons he hopes his students learn in the economic courses he teaches.
As Head of the School of Economics, History and Politics at Kingston University, I was delighted to be asked to launch Kingston's Rethinking Economics group. I am sure this is the first time that a Head of School has done this. A great crowd turned up--over 100 people including many first year students. I hope that they keep us on our toes as we deliver a pluralist education in economics at Kingston University. And if you're at a UK University that doesn't provide a pluralist education in economics, then consider coming to Kingston in your second year via Release during Clearance. Warning--contains scary photograph of me with long hair... MEER WEERGEVEN
IN THIS week's print edition, we take look at land and its importance as a factor of production. In particular, we argue that poor land use in the world's biggest cities carries a huge cost. Many economists have argued for a land-value tax, which could be used to make the property market more efficient.
During the long run-up to officially announcing her second presidential bid, former Secretary of State Hillary Clinton quietly — but not too quietly — reached out to a number of leading progressive economists. Along with experts from some of the biggest unions in the country, the list of Clinton conferees included some of the biggest names in the (small) world of left-wing economics: former Clinton-era Secretary of Labor Robert Reich, for example. Yet out of all the so-called boldfaced names intended to draw lefty wonks’ attention, none inspired more cautious optimism than that of Columbia University professor and Nobel Prize-winning economist Joseph Stiglitz.
We help our community businesses, because they deserve the same great customer service and low prices that big corporate businesses get. And we've grown our company by earning the trust of each and...
The recent economic recession has impacted substantially on the graduate labour market, with many graduates now struggling to find secure employment in professional careers. In this context, temporary, unpaid ‘internships’ have emerged as increasingly important as a ‘way in’ to work for this group. Yet while there has been much media and policy debate on internships, academic consideration has been scant. This paper begins to address this knowledge gap by drawing on a study of interns in a third sector environmental organisation. The research findings reveal that unpaid internships were rationalised through a complex mix of political motivations, career ambitions and lifestyle aims, but these intersected in important ways with social class. These findings are not only of empirical interest, contributing to our knowledge of graduate negotiations of precarity, but also of theoretical value, extending our understanding of young people’s agency and motivations in transitions into work.
Manfred Max-Neef is a Chilean-German economist in the field of international development. His most important books are: "From the Outside Looking In; Experiences in Barefoot Economics" and "Human Scale Development".
Economic policy must be combined with climate and technology if we are to stand any chance of saving ourselves, argues prominent American economist Jeffrey Sachs
First list of confirmations to conference: Allan Butcher, Sophie Anita Ball, Daniel Dahm (I plied to him already), Zofia Lapniewska, Margrit Kennedy, Kevin Hansen, Richard Rosen, Marvin Brown, Egardo Lander, Bernardo Gutierrez, Smari McCarthy, Wolfgang Hoeschele, Orsan Senalp, Jorge Machado
This way of operating focuses on what is being produced, and requires people to be largely fixed into roles to serve the linear supply chain model. People and natural systems are generally considered to be "resources" that are raw materials and labor for production and distribution, end-points consumption. Linearity in this production model leads to seeking more raw materials for more production/distribution/consumption. The organization in this system is around the assumption of unlimited growth. All actors in this system are all seeking unlimited growth at the same time. The competition around unlimited growth tends to lead to a focus of finding and capturing the largest "markets" before others find and capture it.
Rania Antonopoulos, Senior Scholar at the Levy Economics Institute, describes her proposal for an "Employer of Last Resort" program in Greece. Part of the MMx seminar “The Disparate Impact of Unemployment: Macroeconomic Policy as a Tool for Race, Gender, and Age Discrimination” hosted by the Modern Money Network.
* Article: The Exit from Capitalism has Already Begun. André Gorz. Translated by Chris Turner. Cultural Politics: an International Journal, Volume 6, Number 1, March 2010 , pp. 5-14(10).Berg Publishers
With the maturation of digital manufacturing technologies like 3-D printing, a new paradigm is emerging of distributed manufacturing in both scientific equipment and consumer goods. Hardware released under free licenses is known as free and open source hardware (FOSH). The availability of these FOSH designs has a large value to those with access to digital manufacturing methods and particularly for scientists with needs for highly-customized low-volume production products.
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