B&B: Populism // Rostow’s economics and Vietnam War // Informal economy grows // Universities’ privatization failures // Deficit hawks deceive you // Inequality // One-sided economists

What is Populism? Its defining feature is not anti-elitism but anti-pluralism; it’s based on a fiction but it is not fictional politics — by Jan-Werner Müller

economics fiction> A standard format of budget reporting is deceptive, but it works for the deficit hawks in economics and politics — by Dean Baker

> “Economics is so one-sided, I think, because it’s the rich who hire economists; it’s just as simple as that” — an interview with Moshe Adler

W.W. Rostow’s economic theory and ideas helped persuade US Presidents that Vietnam War was right and just — by Joseph M. Long

Informal Economy’s alternatives take root when capitalism fails: barter, time trading, and gifts in crumbling Detroit — by Valerie Vande Panne

Universities tried the soft privatization, but that has failed to stabilize their finances and miseducated people about the social value of Higher Education — by Christopher Newfield 

Inequality is the topic of this illuminating issue of Economic Sociology European newsletter, edited by Olivier Godechot

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2 Responses to B&B: Populism // Rostow’s economics and Vietnam War // Informal economy grows // Universities’ privatization failures // Deficit hawks deceive you // Inequality // One-sided economists

  1. It’s really sad how so many have forgotten the importance of the government assistance to universities has been. Before WWII, Europe’s universities were considered the best in the world. Then the Nazis forced thousands of intellectuals to flee and the Cold War gave the us the incentive to prove we really the land of opportunity, so the government invested in education. Now most of our graduate students in the sciences will probably move back to their home countries in Asia and when our scientists start retiring, that will be the death knell of American technological dominance.

  2. The guru of economic conservatives, James M. Buchanan, was allowed to redesign Chile’s economy after a dictator took over the country. The poverty rate doubled.

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