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hamburg world economic institute

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.

The Neoliberal Revolution Devours Its Children (tags)

"Where is the child who uncovers the nakedness of the money economy?..The financial geniuses pretend to be the new gods of globalization. The builders of the Tower of Babel were modest compared to the new financial rulers of the world.

The Price of Growth (tags)

In "1984," George Orwell warned that war would become a domestic necessity to divert the people from economic contradictions. Inequality may promote productivity but also undermines public spirit and social ochesion

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