Economics

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Doug Woodard
Economics

*****

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Doug Woodard
Doug Woodard

An introduction to the Mondragon co-operatives movement:

http://www.yesmagazine.org/new-economy/world-s-largest-federation-of-wor...

 

Doug Woodard

Problems of Socialism - and Capitalism:

http://bactra.org/weblog/918.html

 

Doug Woodard

Winning the war of ideas against the neocons:

http://www.tni.org/archives/archives_george_dissent

 

ikosmos ikosmos's picture

How Orthodox Economics Makes Sure Not To Mention The Class War Going On.

 

There is a good history of the development of orthodox Economics, the tweedledee and tweedledum of liberal and conservative proponents, the many damning critiques, and why one has to look outside of the orthodox true believers for a proper understanding and explanation of our economic reality.

Doug Woodard
Doug Woodard

Wealth doesn't trickle down - it just floods off-shore, research reveals:

http://gu.com/p/3977v/sbl

 

Doug Woodard

How rising debt causes inequality and crisis, by Steve Keen:

Go to

http://www.debtdeflation.com/blogs/page/2/

and scroll down. Video with text, roughly 1 hour.

Doug Woodard

Rebalancing Society: radical renewal beyond left, right and center - a long pamphlet by Henry Mintzberg -

http://www.mintzberg.org/sites/default/files/rebalancing_society_pamphle...

The pamphlet has been expanded to a book.

Doug Woodard

The map is not the territory: an essay on the state of economics, by John Kay

http://www.johnkay.com/2011/10/04/the-map-is-not-the-territory-an-essay-...

 

Doug Woodard
Doug Woodard

Michael Hudson on his new book - Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy:

http://www.counterpunch.org/2015/09/28/bubbles-always-burst-the-educatio...

and

http://www.counterpunch.org/2015/10/05/parasites-in-the-body-economic-th...

Doug Woodard

The trouble with financial bubbles (Maybe it's worthwhile to prevent them):

http://gu.com/p/4dev7/sbl

 

Doug Woodard

Irish standup festival puts economics in the dock:

http://gu.com/p/4e2kc/sbl

 

iyraste1313

The problem with bubbles is that they are a guaranteed part of the capitalist system...and as globalization proceeds, the bubbles become global, and as the corporations grow and fuse with governments, they gain control to impose and expand the bubbles without containment...until they burst!
It{s inevitable the system will fail...tomorrow or a month...hard to say...but the global finance bubbles keep growing, some now bursting (commodities, emerging markets for sure so far)...so of course any politics that doesn{t take this into account? is bullshit! 

Slumberjack

Another guaranteed part of the capitalist system:

Grocery store secrets: Best-before dates tampered with, workers claim

Quote:
For five years, Mohammad Saffari has worked as a bakery clerk at a Loblaws store in Montreal. He says he was told to change best-before dates on fresh or frozen bakery items such as cheesecakes, muffins and pastries that were weeks or months past the best-before date.  Saffari says he was told to take cheesecakes that had passed their best-before dates and add toppings, so they would appear fresh.  He says cakes were then given a new best-before date and put back on the shelves for sale.  "I decorate it and I'm selling expired stuff for $13.99," he says. "I won't eat this cheesecake myself. But I sell it to you." 

Industry wide practice apparently.  We have absolutely no remedy for this within the given politics, which is also of the same system of 'economics.'

NDPP

UAW-Ford Deal Creates New Tier of Low-Paid Workers : 'The UAW is a Shill For the Company'

http://www.wsws.org/en/articles/2015/11/11/ford-n11.html

"As details emerge about the tentative agreement the United Auto Workers is seeking to push past 53,000 Ford workers, opposition is growing in factories across the US.

While the UAW has falsely claimed it has won a 'path' for lower-paid workers to reach traditional pay, in fact, like the Fiat, Chrysler and GM pacts before it, the UAW-Ford deal will create several more tiers of workers receiveing inferior pay and benefits..."

Slumberjack

It seems to be a widespread problem.  I hear from enough union members to realize that many are completely demoralized by their 'representatives,' who seem to reduce themselves in plenary sessions to the role of explainers-in-chief for company initiatives to remove or reduce their compensation and benefit levels.  From first hand accounts, people feel as if the ongoing collection of monthly union dues are more important than standing up for bottom rung workers.  I've suggested to these workers that they might at least win back the status quo in their pay checks if they voted their good for nothing union out.  But they're like many people who continue to vote in elections, ie: they're afraid of what might happen if it all goes down the tubes, or, since the people who normally organize union opposition are the very same ones in bed with management, literally in some cases, effective opposition is non-existent.

Doug Woodard
iyraste1313

from Andrew Gavin Marshall......

These financial institutions are major owners of government debt, which gives them even greater leverage over the policies and priorities of governments. Exercising this power, they typically demand the same thing: austerity measures and “structural reforms” designed to advance a neoliberal market economy that ultimately benefits those same banks and corporations. The banks in turn create the very crises that require governments to bail them out, racking up large debts that banks turn into further crises, pressuring economic reforms in return for further loans. The cycle of crisis and control continues, and all the while, the big banks and financial institutions engage in criminal conspiracies, fraud, manipulation and money-laundering on a massive scale, including acting as the financial services arm of the world’s largest drug cartels and terrorists organizations.

Welcome to the world governed by the global financial Mafiocracy – because if you’re not concerned, you’re not paying attention.

......while of course this judgement may be contested, otherwise...why are we pretending to believe that our so called democratic system is viable? by all our discussions, asif these puppets have anything to do with realpolitics?

What is relevant is how to proceed? recognizing the bankster control over the political system!

 

Slumberjack

Saudi Wheat Wells Dried Up

Quote:
The shift is propitious as the wheat market weathers the largest glut in nearly 30 years, with bumper harvests filling up silos from Russia to Argentina. Prices for high-quality wheat, which reached an all-time high in Kansas City of more than $13 per bushel in 2008, have fallen to less than $5 this year.

I place this Bloomberg article here in economics rather than environental to inquire if anyone is seeing any movement at all in the price of bread except for up?

Doug Woodard

Nobel memorial prize in economics goes to Angus Deaton, for work on income versus consumption, inequality, poverty and welfare:

http://gu.com/p/4d7nt/sbl

 

Doug Woodard
Doug Woodard
Doug Woodard

Ecological footprints and appropriated carrying capacity: what urban economics leaves out  (William Rees) -

http://eau.sagepub.com/content/4/2/121.full.pdf+html

 

epaulo13 epaulo13's picture

Sea Change In Spanish Politics As Citizens Reclaim the City

Madrid's city council recently broke the rules on its debts, prioritizing money for "social sustainability" over "financial sustainability" and diverting €500 million ($550 million) into public spending. Barcelona's city council meanwhile has reclaimed empty properties from banks and turned them into social housing.

The acts are not isolated, and reflect a sea change in Spanish local politics. May’s local elections saw a tide of citizen-led initiative reclaiming power across many cities. In December’s state elections, these initiatives stood alongside Podemos, lifting the party to third nationally and winning in Catalonia and the Basque Country....

 

Doug Woodard
Doug Woodard

Rethinking the teaching of economics - audio about 27 minutes:

http://www.bbc.co.uk/programmes/p03gyqqm

 

Doug Woodard

Mercedes swaps robots for people on its assembly lines:

http://gu.com/p/4h4gb/sbl

 

Doug Woodard

The Evolution of Social Norms in Common Property Resource Use:

http://www.isid.ac.in/~som/papers/socialnorms_cpr.pdf

A long and useful paper. Good references.

 

Doug Woodard

U.S. class war, proletarianizing the country and subduing the proles:

http://www.nakedcapitalism.com/2016/03/gaius-publius-the-goal-of-the-neo...

 

Doug Woodard

The U.S. financial sector versus the rest; efficient capitalism versus looting:

http://www.nakedcapitalism.com/2015/12/even-bank-supporters-arguing-for-...

 

Doug Woodard

U.S. economist Kenneth Arrow on health care and other things:

http://promarket.org/there-is-regulatory-capture-but-it-is-by-no-means-c...

 

Panna

Hi.  Sorry if this isn't the place for it but can you recommend any books that give a really good description of the different types economic systems, their historical (or not) development and what is their impact on workers, societies, environment and so on?  

Doug Woodard

Panna wrote:

Hi.  Sorry if this isn't the place for it but can you recommend any books that give a really good description of the different types economic systems, their historical (or not) development and what is their impact on workers, societies, environment and so on?  

Panna, I'm no expert, and I don't think there are many books of that kind. However, you might try

Comparative Economic Systems: A Reader, by Marshall Goldman (Random House, 1971).

Some of Goldman's other titles might be relevant; search by author at

http://www.bookfinder.com

I suspect that you might do best by looking at international comparisons on the particular topics you list.

Possibly 

The Spirit Level: Why Greater Equality Makes Societies Stronger by Richard Williamson and Kate Pickett (Bloomsbury, 2011) might have some useful information.

Doug Woodard

A recent article by Yanis Varoufakis has not only discussions of the Greek crisis and the project to democratize Europe, but also some crucial thoughts on the economic stagnation plaguing many countries:

http://yanisvaroufakis.eu/2016/04/01/interview-with-the-economist-full-t...

Varoufakis points out that investment is lagging behind savings. In an exchange economy, we employ each other, so that if the sum of spending on consumption plus investment is less than income, the economy will wind down; which is happening in many places. 

Unfortunately Varoufakis does not mention the effects of declining supplies of resources (especially richer deposits) which require more energy to extract them, resulting in more of the economy being devoted to useless wheel-spinning and less to consumption, which as Lord Keynes reminded us is the purpose of production.

Nor does he mention ecosystem damage and the need to limit the size and impact of the human population and its economy, and the need to make it regenerative, participating in and reinforcing the community of life, as far as possible.

In the thread "La problematique..." in "environmental justice" I've posted a link to a good talk on energy and economy by Jean-Marc Jancovici as well as some other useful links.

Doug Woodard

Panna wrote:

Hi.  Sorry if this isn't the place for it but can you recommend any books that give a really good description of the different types economic systems, their historical (or not) development and what is their impact on workers, societies, environment and so on?  

Panna, there is an article on the political context of the economy which you may find useful, at:

http://evonomics.com/stop-crying-about-the-size-of-government

There is a lot of good stuff on this website.

Doug Woodard

Concentrated power drives extreme income inequality:

http://evonomics.com/concentrated-power-drives-extreme-income-inequality/

 

Doug Woodard

Extreme wealth a product of "rents":

http://evonomics.com/they-dont-just-hide-their-money/

 

Doug Woodard
Doug Woodard

Steve Keen's Lecture on the Economics of Inequality:

https://www.youtube.com/watch?v=dsa8ipOdLpQ

You will see links to many other of Keen's lectures.

Doug Woodard

[ARTICLE] Money creation in the modern economy:

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/...

 

 

Doug Woodard

A useful website on the workings of the economy:

http://www.worldpolicy.org/polarizing-political-economy

 

Doug Woodard

John Gray on Hayek's strengths and weaknesses and his disagreements with Keynes:

http://www.newstatesman.com/politics/2015/07/john-gray-friedrich-hayek-i...

 

 

Doug Woodard

It's time for a new economics of sustainability:

http://cansee.org/its-time-for-a-new-economics-of-sustainability-by-dan-...

for O'Neill's book "Enough is enough..."

http://www.bookfinder.com

O'Neill is chief economist at

http://steadystate.org

and teaches at the University of Leeds (see his publications):

http://www.see.leeds.ac.uk/people/d.oneill

 

Doug Woodard

The environmental blind-spot in economics, and limits to growth - Steve Keen:

https://www.youtube.com/watch?v=tS_Xbfl03mc

 

 

Doug Woodard
Doug Woodard

Why the prime minister sacked the treasurer: austerity impoverished Britain -

http://goo.gl/uUx4KG

 

Doug Woodard

Scientists discover what economists haven't found: humans -

http://evonomics.com/scientists-discover-what-economists-never-found-hum...

 

Doug Woodard

What happened when homo economicus entered business school:

http://evonomics.com/what-happens-when-you-introduce-homo-economicus-int...

 

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