Keyword: neoliberal economics

To Hell with Economics

Picture: Independent Australia Leonard Gentle - President Jacob Zuma recently returned from Russia, a strange place to be for many when you’re in the middle of a crisis at home, as many a commentator here in South Africa has observed. Maybe he and Putin were swapping stories of a new series of Survivor. Putin certainly would have a lot to teach Zuma on that score. But important as those tips may be for our embattled Zuma, Putin has much bigger fish to fry and for those of us more interested in social justice than the competing...

A Demand from Students around the World: Change Economics Education Now!

Glenn Ashton - A remarkable thing is happening in the world of economics. Dissatisfied students from various institutions around the world insist that the dominant economics curriculum must change, as it inadequately reflects, or deals with, our current economic realities. They clearly realise that real change occurs from within. These students demand changes that not only reflect our post-2008 economic crash world, but further insist that the entire theoretical economics framework and curriculum be...

Thoughts on Progressive Economics: Can We Find the Space for an Alternative Economic Tradition?

Picture: The Elijah List Saliem Fakir - Economic crises always present opportunities to rethink the conventional economic model whatever hue it may take. Some of these debates are raging at the World Economic Forum at present. South African debates on economic policy matters are out of touch with the emergence of fresh thinking amongst mainstream economists in different parts of the world. Those who follow John Maynard Keynes examine his ideas with a fresh pair of eyes and those that defend the tradition of the trio of...

If Capitalism Dies, What's Next?

Picture: Rafik Berlin Glenn Ashton - The current global economic turmoil gives rise to the question, "If capitalism dies, what alternatives exist, or will emerge, to replace it?" The question inevitably provokes utterly predictable positioning. The stock response that capitalism has already trumped communism, to the degree that the old communist bogeymen of Russia and China have embraced the capitalist model, is dishonest. Do we really have to take an either/or position regarding capitalism and communism? Western...

Global Financial Crisis: We Know Who the Culprits are, But are We Prepared to Address the Cause?

Picture: Elyce Feliz Fazila Farouk - The global financial crisis has exploded onto the scene, bringing with it job losses, home losses and family murder-suicides. This crisis may be financial, but its costs are human. The culprit, ‘capitalism’ has been named and shamed and the casino they call Wall Street, exposed. Under the disapproving gaze of the world’s ordinary people, elites appear confounded. How did they get it so wrong? Why didn’t they see the writing on the wall? What were the predictions of...