The question of whether or not banks should be stripped of their ability to create money goes to vote in Switzerland by national referendum. Of relevance to all modern capitalist economies, economist Jo...
Category - News
The argument in favor of stripping banks of their ability to create money is based on a fundamental misconception of how the monetary and financial system operate says Jo Michell in discussing how the economy...
There is no easy monetary fix for the problems of modern capitalist economies; deep problems in the economy cannot be solved by trying to control the money supply; nothing is stopping the government from...
China’s Embrace Of An Intellectual Property System Imposed On It By The United States – Peter Drahos
The U.S. & China need to rethink the world’s intellectual property-based innovation system to safeguard citizen interests or else this privatization of technology, an arms race mentality in science, will...
Peter Dittus, former BIS Chief and author of ‘Revolution Required’ and Yilmaz Akyuz, South Centre Chief Economist and author of ‘Playing With Fire’ explain how financial fragility in the world economy was...
The deepened financial integration of the Global South is a further mechanism of Northern countries that is compressing wage income but debt – growing and massive accumulation of debt worldwide –...
Tactics by superpowers in new technologies like Big Data and Artificial Intelligence seeking further power under the guise of new E-Commerce rules being pushed at the World Trade Organization are denounced by...
Global inequality, household indebtedness, insufficient investment and stagnant economic recovery are the consequences of the dominance of large financial and corporate bodies in shaping globalization says...
Historically all major thinkers about the economy were development economists as they saw the economy going through transformative structural changes and that is what they studied, says Jayati Ghosh. This 4...
1947 was a year of political ambition, says UNCTAD’s Richard Kozul-Wright at the book launch of ‘The Handbook of Alternative Theories of Economic Development ‘ in posing the question, “Do we have...