Unpacking the ignoble prize in economics - David Ruccio I cringe when I listen to or watch some interviews. Here is a case in point – see https://youtu.be/jbm4tESVsRg?t=12 with the Real News Network. This interview was based on my recent blog post, “Economics of poverty, or the poverty of … [Read more...]
The key to economic stability is 5,000 years old
The key to economic stability is 5,000 years old - Ellen Brown We are again reaching the point in the business cycle known as “peak debt,” when debts have compounded to the point that their cumulative total cannot be paid. Student debt, credit card debt, auto loans, business debt and house- … [Read more...]
Household Debt: a tale of three countries
In the year 2000 the countries Japan, USA and Australia all had about the same ratio of household debt to GDP - in each country, this figure was about 70%. In Japan, the ratio fell gradually from 70% to the low 60%, and has remained at about 62% for a while (see Fig 1). Admittedly Japan has … [Read more...]
Modern economists haven’t learnt from their own history
How economists came to ignore the natural world - Editor The following extract from an article by Christopher Jones - The Delusion and Danger of Infinite Economic Growth [1] - appeared in a recent RWER blog [2]: “…. One of the reasons nations fail to address climate change is their belief that … [Read more...]
