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david ricardo

Growth Criticism and Reduced Working Hours (tags)

Today's growth critics speak of the necessity of a post-growth society, a "renunciation society" or at least of a "green" capitalist model... A political transformation process is necessary. The economist John Maynard Keynes dreamt of a time when his grandchildren would only have 15hr wk.

Criticism of Market Theory and Market Ideology (tags)

Market fundamentalists cling to the myths of the self-healing market and corporate beneficence..The real market economy functions very differently than the fantastic notions of the theoretical market economy. Maximum individual profit does not agree with social welfare.

Economics is Onesided and Reactionary (tags)

The homo oeconomicus cannot be our hope and is not desirable or future-friendly. The economic benefits to the capitalist entrepreneur are in contradiction to nature and to the person..We face completely oversized financial markets that have uncoupled from the real economy creating value.

Capitalism and Its Crisis Proclivity (tags)

The liberal economists of the 19th century claimed no crises could occur in capitalism since every supply creates its demand. On the other hand, Marx and Engels recognized early on the causes for crises in capitalism. The contradictions of the accumulation process lead to crises.

Anaphrodisie du nocebo et de l'artefact... (tags)

Toutes les fausses diversités de la pensée séparée...

Memorandum 2014 (tags)

Both Germany and the US follow an economic policy without enlightenment. Slight economic stimulation will not solve problems of mass unemployment and corporate welfare. Tax evasion of corporations and tax cuts for the super-rich lead to suffering and a revenue crisis.

Criticism of Market Theory and Market Ideology (tags)

Market fundamentalists cling to the myths of the self-healing market and corporate beneficence..The real market economy functions very differently than the fantastic notions of the theoretical market economy. Maximum individual profit does not agree with social welfare.

Surveyiing Utopia (tags)

Raul Zelik and Elmar Altvater discuss the nature of utopia, economics, how growth and work become fetishes, how what is rational in micro-economics can become irrational in macro-economics, time prosperity and how Marx recognized the contradictions in capitalism.

Growth Madness (tags)

The history of the crisis of the western world that we all experience more or less consciously or unconsciously (or partly ignore) is a history of boundless lobbylism, political corruption, market fetishism and unbroken faith in growth..Economic theories were and are children of their time.

The Rules of the Game, Not the Players (tags)

In the last three decades, the financial markets have grown much faster than production.. The respective players (whether public or private) are not the problem but the rules of the game.. The goals and means of production must be redefined

Spreading the Wealth: A Review of Unjust Deserts (tags)

The foremost ethical question is, given that we owe most of our productivity to a common social inheritance, to what extent can we say that we have "earned" our personal wealth? There is a growing consensus in favor of a new robust public compact to regulate our shared conditions.

Democracy and the WTO: Alternatives to Free Trade (tags)

Trade policies that benefit multinational corporations are undemocratic and promote exploding inequality. "The negotiations are carried out on a supra-national plane where democracy or civil society interests fall by the wayside."

Brazil: The "brake" is COPOM. (tags)

The logic of the the Growth Acceleration Program opposes classic economists as Michael Kalecki and John Keynes. The GAP that does not contain a expansionist monetary politics is not the GAP, is the anti-GAP, as, by the way, the last act of the Copom made clear.

The Nature of The Jevons Paradox (tags)

The Jevons Paradox is a multiple intersection of several issue threads including economics, peak oil, global warming, social movements, and the philosophy of science

Unions and the Growth Mania (tags)

The more productivity advances, the less labor is needed to realize a certain growth rate.. A de-acceleration can reduce the increase of labor productivity and lead to more employment.. A strategy beyond growth should be developed.

Paul Samuelson Attacks a Dogma (tags)

The best-known economist of the world doubts that shifting services to india and buying cheap goods from China bring advantages to Americans when the income of workers falls through foreign competition. The rich North will lose its monopoly profits under the conditions of globalization.

"The Market Has No Heart": Paul Samuelson (tags)

A post-Katrina economics must emphasize parallel worlds, solidarity and human dignity to safeguard long-term necessities and creativity. If all countries only become more competitive, mass unemployment will result. What is public must remain public.

Who Creates Values? (tags)

"Unfortunately some market fundamentalists are at work in the EU who denounce every-thing the state does to protect public goods as distortion of competition.. The globalized market shatters balance of public & private.."

Dictatorship as Economic Advantage: China's Rise (tags)

"Paul Samuelson questions the theory that existed for 200 years: the theory of free world trade..Wolfgang Hirn shows how China's rise to omnipotent production nation leads to de-industrialization..The 150 year old western dominance is obviously coming to its end.."

The Demon and its Conjuring Trick: Money (tags)

"The light in which the glboal financial markets operate is very dim.. Unveiling the money fetish is a task of economic literacy. The monetary sphere seems uncoupled from the real economy, the world of work.."

Exporting jobs is not free trade (bilingual) (tags)

Rethinking protectionism

Exodus from Growth (tags)

"Growth, prosperity, free trade, liberal world economy and international division of labor are all ideologically charged terms. They re-flect veiled interests more than a search for truth. The starting-point for an alternative econmics is an ideology-critical position."

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