Driven to Consumption and Money out of Nothng (tags)
Growth originally created a material prosperity about which earlier generations could only dream. However, more economic growth does not lead to people becoming happier. We are prisoners of a system that forces us to permanent growth. Banks create credits.
Market-conforming Democracy (tags)
Market-conforming democracy," Angela Merkel's guiding idea, is a pleasant-sounding description of plutocracy where the forms still exist but their substance is "financialized," where myths of privatization. corporate beneficence and self-healing markets are zombie gods.
Austerity: The History of a Dangerous Idea (tags)
Book review of Mark Blyth's "Austerity: The History of a Dangerous Idea," 304 pp, March 2013: "Slaves of Defunct Economists: Why politicians pursue austerity policies that never work" by Henry Farrel, Washington Monthly, Mar/Apr 2013
How Does Justice Come to the Economy? (tags)
VIDEO: Austerity - The History of a Dangerous Idea (tags)
Mark Blyth is Professor of International Political Economy in the Department of Political Science at Brown University and a Faculty Fellow at Brown's Watson Institute for International Studies