Economics

02.01.2020

Union Minister Pratap Chandra Sarangi writes to Niti Ayog to consider Demands of Satyagraha

Union Minister Pratap Chandra Sarangi writes to Niti Ayog to consider Demands of Satyagraha

Press Release By Abhilash.C.A, Secretary, Gram Seva Sangh The Minister of State, MSME, Pratap Chandra Sarangi has instructed the Niti Ayog Vice Chairman Dr. Rajiv Kumar on December 21, 2019 to look into the demands of the Satyagraha for Sacred Economy spearheaded by Gram Seva Sangh. In his letter, the… »

28.12.2019

The 2019 Nobel Prize shows why we need to dump conventional economics

The 2019 Nobel Prize shows why we need to dump conventional economics

By Dr Ted Trainer The prize has gone to three people studying how the poor can derive more benefit from existing “development” practices. It sees no reason to question the existing market and growth-driven economy and its derivative, development theory. It doesn’t threaten the massively unjust and environmentally… »

26.12.2019

An Economics Nobel Prize view of neoliberalism and Argentina’s future

An Economics Nobel Prize view of neoliberalism and Argentina’s future

Joseph Stiglitz is an American economist who received the Nobel Prize in Economics in 2001. He is a former senior vice president and chief economist of the World Bank. In recent years he has been a harsh critic of globalised neoliberalism, which he calls “free market fundamentalism”, and of international… »

22.12.2019

In search of a sane economy

In search of a sane economy

Could degrowth, community, and basic income create a sane economy? An interview with one of the godfathers of the basic income movement, Phillippe Van Parijs. Philippe Van Parijs for openDemocracy-Beyond traffic and slavery. Phillippe Van Parijs is a philosopher at the University of Louvain and a founding member… »

20.12.2019

2019 – A Devastating Year in Review

2019 – A Devastating Year in Review

By Farhana Haque Rahman By any measure this has been a devastating year: fires across the Amazon, the Arctic and beyond; floods and drought in Africa; rising temperatures, carbon emissions and sea levels; accelerating loss of species, and mass forced migrations of people. As seen through the… »

19.12.2019

After the Argentina debacle, the IMF endorses weakening capital controls in Ecuador

After the Argentina debacle, the IMF endorses weakening capital controls in Ecuador

The IMF is backing a tax reform bill in Ecuador that will enable capital flight and further austerity. Lara Merling for openDemocracy Over the past year, a rebranded IMF returned to Latin America with promises of loan agreements that would be different than the dreaded “structural adjustment programmes”… »

18.12.2019

Five Years After Obama’s Cuba Opening, Cubans Are Reeling From The “Trump Effect”

Five Years After Obama’s Cuba Opening, Cubans Are Reeling From The “Trump Effect”

By Medea Benjamin Gloria Minor had been preparing her AirBnB in Havana for years, investing every penny her sister sent her from Miami in repairing and refurbishing her apartment.  With President Obama and Cuban President Raul Castro re-establishing relations five years ago, Minor was sure the expected flood of U.S. visitors… »

18.12.2019

‘Atrocious’: 188 Democrats Join GOP to Hand Trump $738 Billion Military Budget That Includes ‘Space Force’

‘Atrocious’: 188 Democrats Join GOP to Hand Trump $738 Billion Military Budget That Includes ‘Space Force’

“It is Orwellian for Congress to hand over billions of dollars worth of weapons and bombs to a president waging a horrific, unconstitutional war in Yemen—and call that progressive.” By Jake Johnson, staff writer, Common Dreams More than 180 House Democrats joined a nearly united Republican caucus Wednesday night… »

16.12.2019

Climate Change – Where Are Our Economic Elites Headed?

Climate Change – Where Are Our Economic Elites Headed?

As William Nordhaus illustrated in his Nobel award address in December last year, the free-rider problem is particularly severe for climate change. Those who do nothing ride free, while those who undertake costly reductions pay dearly. If an important player does not go along, the others could establish a climate… »

10.12.2019

Inequality Threatening Human Development, New Global UN Report Warns

Inequality Threatening Human Development, New Global UN Report Warns

Despite global progress in tackling poverty, hunger and disease, a “new generation of inequalities” indicates that many societies are not working as they should, the UN Development Programme (UNDP) argues in its latest report released on Monday [9 December 2019].  The 2019 Human Development Report (HDR) states that just… »

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