Studying Economics Today is Like Brainwashing (tags)
The blind trust in efficient markets must be replaced and bankers given a new understanding. Profit making is different than profit maximization. Banks should be a public function, not a casino and the real economy and the environment not abandoned.
When Prevention Becomes Paranoia (tags)
According to Bernd Greiner, more Americans die annually from deadly bee stings than from terrorism. The 68-antiwar movement should have taught us to redefine security, health, strength and happiness and not fall into the traps of militarism or financialization. Jobs create true security.
Against Growth Mania and Fair Redistribution (tags)
How can we rebuild our society so we manage with less growth and not collapse when growth does not occur? Consumption beyond a certain level is pathological, a compensation or substitute for missed life (cf. Erich Fromm).
Economist criticizes "pathological allegience" to economic models (tags)
The crisis was born when Maggie Thatcher and then Bill Clinton deregulated the financial markets. The explosive force that was detonated was incalculable. Economics gave support because it provides models.