B&B: Economics Nobel fools you // Moral limits, market, and science // Standardization of consumption // Capitalism cannot reform itself // Racial wealth gap // On the origin of cooperation

Posted on July 5, 2018 by Oleg Komlik
Economics is not a science

by Jasper Rietman

> Glorifying economists, Nobel Prize aims to create the impression that economics is about discovering timeless truths. Don’t let them fool you — urges Joris Luyendijk

> Religious traditions toward capitalism impact scientists’ attitudes toward the commercialization of science — by Jared L. Peifer

> Standardization of consumption and the senses: How cellophane changed the way we shop and buy food — by Carmen Nobel

> Through trade and its norms and institutions that stabilized it, cooperative interactions between nonrelatives became possible on huge scales — by Kevin N. Laland

> “Today I have reached my conclusion,” wrote W. E. B. Du Bois in 1961, “Capitalism cannot reform itself; it is doomed to self-destruction. No universal selfishness can bring social good to all.” On W. E. B. Du Bois’ Revolutions — by Phillip Luke Sinitiere

> The color of money and the racial wealth gap: the myths of the “Free Market” failed and fail black communities — a 7 min podcast with Mehrsa Baradaran, an author of The Color of Money: Black Banks and the Racial Wealth Gap

> It was the failure of the imperial monetary system, not the Opium Wars, that brought China low in the 19th century — argues Werner Burger 

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