Following his analytic survey of socialist economic theory and practice in the last number of NLR, Aaron Benanav sets out a design for institutions that could structure an economic democracy beyond capital accumulation and waged labour. A novel dual-currency system, elected investment boards, worker self-management and trans-sectoral coordination, responsive to the broadest social goals.| New Left Review: current issue
When the disciplines of economics and sociology were being invented in Britain 250 years ago, their progenitors such as Adam Smith, David Hume, Adam Ferguson,| Foundation for Economic Education
Rostow’s model suggests that stage five is the ultimate destination. A better model sees no fixed stages and certainly no permanent peak, only a relentless push to go higher and higher.| www.policyarena.org
We have seen rapid expansion of the Federal Reserve’s balance sheet to combat the Covid-19 crisis, but since 2022, the Fed has shifted to quantitative tightening to normalize the economy. Now, thre…| The Economics Review
Originally published at pluralistic.net Reproduced under a Creative Commons Attribution 4.0 license Cory Doctorow You know how “realist” has become a synonym for “asshole?” As in, “I’m not a racist, I’m just a ‘race realist?'” That same “realism” is also used to discredit the idea of democracy itself, among a group of self-styled “libertarian elitists,” […] The post Ostromizing democracy appeared first on Capital As Power.| Capital As Power
China has not only set a goal of short-term economic acceleration in 2023 compared to the pandemic period but also a clear strategic economic target for 2035. At the 20th Party Congress the latter was stated as reaching the level of a “medium-developed country by 2035”. Slightly earlier, in 2020’s discussion around the 14th Five… The post The U.S. murdered Germany, Japan and the Asian Tigers – now it tries to persuade China to commit suicide appeared first on Learning from China.| Learning from China
Introduction It is well known that China will cont...| Learning from China
"'That commodity prices, like gas and eggs, are controlled by the president.' False."| Upworthy
Why I am giving up on global diversification and putting all my money in the U.S. stock market.| Alain Guillot