Monthly Archives: December 2014

“People are living books. The real library of life is community.” Thank you all!

While 2014 is coming to an end and 2015 is knocking on our doors, I want to thank every one of you for being here and for making this community what it really is. Thank you for joining, for every … Continue reading

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The ‪‎joke‬ goes like this: A ‪physicist‬, an ‪‎engineer‬ and an ‪economist‬ are stranded in the desert…

A ‪‎physicist, an ‪‎engineer and an ‪‎economist are stranded in the desert. They are hungry. Suddenly, they find a can of corn. They want to open it, but how? The physicist says: “Let’s start a fire and place the can inside the … Continue reading

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The original email that started Occupy Wall Street

On September 17, 2011 thousands of women and men gathered in Zuccotti Park, located in New York City’s Wall Street financial district.  It was a day when Occupy Wall Street (#OccupyWallStreet) movement was publicly born, gradually receiving global attention and spawning the … Continue reading

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Pope Francis against neoliberalism, finance capitalism, consumerism and inequality

In November 2013 Pope Francis issued his first Apostolic Exhortation translated into English as The Joy of the Gospel. Over 224 pages, in remarkably direct and plain, yet plentiful, language, Pope Francis – the first Pope from the Global South … Continue reading

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History of Profit in the US: Corporations, Accounting and Capital

The case of The United Steel Workers of America v. The United States Steel Corporation (1980) concerned the closing of two steel mills in Ohio. The steelworkers claimed U.S. Steel had promised to keep the two mills open so long … Continue reading

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Tax breaks for corporations, low-paying jobs and higher taxes for you: a sketch from “Roseanne”

A classic pungent scene from the 1990’s sitcom Roseanne (1 min 40 sec)

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The book of the year: “The Power of Market Fundamentalism: Karl Polanyi’s Critique”

In The Power of Market Fundamentalism: Karl Polanyi’s Critique Fred Block and Margaret R. Somers did a superb academic work, sagaciously encountering readers with a powerful intellectual legacy of Karl Polanyi through their insightful analysis of his writings, especially of his masterpiece … Continue reading

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Putting a human face on ‪statistics: unemployed‬ ‪women‬ in the public ‪workforce‬ system

An ethnographic sociologist Mary Gatta (Rutgers University) went undercover, posing as a client in a New Jersey One-Stop Career Center which is supposed to be an unemployed worker’s go-to resource on the way to re-employment. Weaving together her own account … Continue reading

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What is the difference between microeconomics and macroeconomics?

 😉 By Zach Weiner

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Theodor Adorno on philosophy‬, academia, and market

 Theodor Adorno: “Out of piety, laziness, and calculation, ‪‎philosophy continues to muddle through in an ever narrower academic framework, and even there, it is increasingly being replaced with organized tautology. Whoever entrusts themselves to credentialed profundity, fall victim just as a … Continue reading

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How slavery shaped the market economy and abolitionism gave rise to ideals of human rights?

For over three centuries enslavement promoted the rise of capitalism in the Atlantic world, but study of slavery as a pivotal force in western ascendancy and dominance is still mostly neglected. In The American Crucible: Slavery, Emancipation and Human Rights, … Continue reading

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Inspiring Victory of Grassroots Activism: Chile to Have Free Higher Education

Due to enduring civil, student-led protests, Chile to have free higher education. This is a huge victory to grassroots activism and social movements. The ‘Chilean Winter’ started in August 2011. A series of ongoing student-led protests across Chile have been sweeping throughout the … Continue reading

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Those carefree holidays…

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In economic policymaking ideas matter. But how and whose? Campbell and Pedersen have insightful answers

John Maynard Keynes has famously said: “The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood.” In politics, policymaking and in the economy, ideas matter indeed. … Continue reading

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The potential and the limitations of venture capital as a source of funding for clean energy.

If venture capital’s role in clean energy is to be more transformative in creating a sustainable society then the trends revealed in this (free access) paper must gain momentum, but whether these trends will continue to gain momentum is not … Continue reading

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