There was a very clear political motivation for helping Germany to recover. But at the same time the economic logic of it also was very, very clear. The agreement is an exemplary template for why debt relief...
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Some of the aspects of Classical economics that Neoclassical economists have abandoned – the class-based approach to economics and the emphasis on production – have been kept by the Marxist school...
Many countries have redistributed income upwardly in the last two, three decades, and the results have been falling investment and falling economic growth. So when there’s an explicit assumption about giving...
You cannot discuss economics without discussing politics; there are always ethical and political judgments you are making when you are doing this supposedly technical, scientific analysis says Ha-Joon Chang...
Alternative approaches to economics can help us understand the whole economy in ways we would miss if only looking through the Neoclassical lens says Ha-Joon Chang talking in this segment about how that...
The Keynesian, Schumpterian & Behavioralist Schools of Economics like the Marxian, Austrian & Institutionalist Schools and the Development Tradition are all alternative approaches to economics that...
Economics has become so impenetrable to non-specialists that it has become difficult for ordinary citizens to have a debate about economic issues, when economic policies are crucial in running our societies...
The countries of South America need their alternative to the World Bank to step forward; if not, they will be back in crisis, explains historian and sovereign debt expert Eric Toussaint December 11, 2014...
“My friends, development is basically a political issue. The point of departure, the key question, is who is in charge of a society – the elite or the majorities? Capital or human beings? The market or society...
Ecuadorian President Rafael Correa’s 2014 Prebisch Lecture ‘Ecuador: Development as a Political Process’ received a standing ovation. UNCTAD Chief Economist, Richard Kozul-Wright says he...