Posts tagged “economics”
Some things don’t change
From the Financial Times: Another point overlooked by liberal internationalists is one made by Keynes in the interwar period as he retreated from his earlier liberalism. He worried that economic interdependence could increase the scope for friction between countries, even to the point of provoking war. Interestingly, economic relations within the eurozone often resemble war […]
Your model is wrong – and it kills people
A common response to a homeless person asking for money is “get a job.” When people say this they reveal some assumptions about the way they believe the world works. Some of the assumptions revealed by “get a job” are there are enough jobs for everyone everyone is physically and mentally capable of the available […]
If voting changed anything they’d abolish it
I’m really enjoying Ha-Joon Chang’s Bad samaritans: the myth of free trade and the secret history of capitalism. In a chapter discussing some serious tension between free markets and democracy, he discusses typical neoliberal policies and how they actually undermine democracy. He’s talking about developing countries and writing from 2008, but I’d argue that neoliberalism […]