Josh Mason from John Jay College CUNY doesn’t think teaching contending economic theories is effective, and sees the objective of introductory economics courses as teaching students basic tools to understand economic terminology, national accounts, and standard relationship between cause and effect.
Economics is not, nor can it be, value-free. George DeMartino discusses economist’s influence, whether they should ever lie, and the irreparable ignorance that haunts economics. DeMartino argues for professional ethics in economics as a field of study beyond a code of conduct.
Is it time for dependency theory to make a comeback? Its central idea is that developed (”core”) countries benefit from the global system at the expense of developing (”periphery”) countries—which face structural barriers that make it difficult, if not impossible, for them to develop in the same way that the already developed countries did. As … More Dialogues on Development: On Dependency theory
By Servaas Storm, The Great Financial Crisis of 2008 deeply scarred the U.S. economy, bringing nine dire years of economic stagnation, high and rising inequalities in income and wealth, steep levels of indebtedness, and mounting uncertainty about jobs and incomes. Big parts of the U.S. were hit by elevated rates of depression, drug addiction and ‘deaths … More The New Normal: Demand, Secular Stagnation and the Vanishing Middle-Class
The National Economic Association (NEA) and the American Society of Hispanic Economists (ASHE) announce and invite paper submissions for our fourth annual summer conference August 10-12th, 2017 in New York City. This year’s theme is: *Freedom and Justice: Jobs, Economic Security, and Inclusion.* The conference is co-sponsored by The New School, John Jay College of … More CALL FOR PAPERS: Freedom and Justice – Jobs, Economic Security, and Inclusion
William Lazonick, professor at University of Massachusetts Lowell, explains how rationalization, marketization, and globalization characterize the U.S. economy during the past 50 years, and how the behavior of companies and fate of American workers have changed during this process.
In a recent interview at the INET offices in New York, Anwar Shaikh provided a background to the work and his life in this quest. See here: A Turbulent Capitalist Economy: The vision of Anwar Shaikh