fix articles 110234, kiel institute Los Angeles Indymedia : tag : kiel institute

kiel institute

Farewell to Homo Oeconomicus (tags)

Capitalism is not running so well. Is this because people are judged wrongly with misguided models? Don't competition and cooperation strengthen each other? Why is the SF-condo model praised to the skies and the Vancouver BC- community center model scorned as unrealistic?

Farewell to Homo Oeconomicus (tags)

The model of homo oeconomicus is antiquated and over-simplified. Dominant economic models are not based on a realistic picture of humans... The model does not know different human human motives that could be differently activated depending on the context.

10 Strategies of Manipulation Revisited (tags)

Sylvain Timsit shows how society is influenced and what information is deemed relevant. http://libyaagainstsuperpowermedia.org/2012/03/05/sylvain-timsit-ten-techniques-for-the-manipulation-of-public-opinion/

On the Solutions of Liberal Economists (tags)

The crisis has shaken economics to its foundations. The neoliberal mainstream has lost its support; economists alternate between self-doubt and arrogance. Once they believed in the rationality of economic actors and markets and the notion that financial management exists to serve the real economy.

Medrciless Samaritans and 10 Causes of the Crisis (tags)

"There is no society. There are only individual men and women," said Margaret Thatcher. Margaret Thatcher, the former British Prime Minister, had a great share in the crisis in which Europe, capitalism and democracy find themselves.

Creation of Money (tags)

To give a credit to a customer, a bank doesn't need to take the savings of another cutomer from its vaults. It creates the money out of nothing. In a countermove, the bank must deposit money with the central bank. There is a debate whether the creation of money can be left to the banks.

The U.S. is More Greek than Greece (tags)

Deficit economies were organized mainly by finance capital. The expansion of this credit-financed mass demand went along with the expansion of the financial sector. Trillions of dollars and Euros were pumped in the stabilization of financial markets.

Consumer Shock at the Pump (tags)

Life was disrupted when the world faced the first oil price crisis in the winter of 1973. People in the southern US are experiencing this today.. Around a quarter of US production was lost through the hurricane.

The Wavering State (tags)

"How can the state finance itself in times of worldwide competition without damaging the national econmy? How can it find the old strength without creating new poverty?.. There is no system-conforming way out of this vicious circle.."

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