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Tag Archives: Economics

Beyond Bitcoin

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BY VASILIS KOSTAKIS and CHRIS GIOTITSAS, 25/03/2016 A growing number of economists are concerned about the widening rift between the actual productive economy and its financial counterpart, noting that new banking tools create value that translates into money but not also into real production value. The utilisation of money as a credit tool ...

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Economics: towards science or philosophy?

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BY UNLEARNING ECONOMICS 07/10/2014 What is the way forward for economics and homo economicus following the financial crisis? To answer this I will consider a debate which is important in theory, yet often sterile in practice: is economics a ‘science’? In this essay I will argue that economics contains elements ...

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Economics in a world of environmental crisis

Environment

By TOBIAS UDSHOLT, based on an interview with ARILD ANGELSEN 02/10/2014 There is no scientific uncertainty that the global climate is changing, that greenhouse gases are contributing to a heating planet and that human activity bears the chief responsibility for these developments. Environmental economics entails the application of an economic framework ...

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Time for a Copernican Revolution in Economics

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BY DR. STEVE KEEN 2/10/2014 The financial crisis took the vast majority of the economics profession by surprise. Though there were individual mainstream economists—such as Robert Shiller and Joseph Stiglitz—who have a claim to having warned of the crisis, no mainstream economic model foresaw anything like what eventuated in 2007. ...

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