Economics

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… »

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… »

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… »

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… »

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… »

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”… »

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… »

“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… »

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… »

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… »