Tag Archives: growth

Growth Fetish

Then they said, “Come, let us build ourselves a city, and a tower whose top is in the heavens; let us make a name for ourselves, lest we be scattered over the face of the whole earth.”   (The Tower of Babel … Continue reading

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Growth fetish and taking nature out of economics

“Anglo-American economists (after about 1880) took nature out of economics. The growth fetish, while on balance quite useful in a world of empty land, shoals of undisturbed fish, vast forests, and a robust ozone shield, helped create a more crowded … Continue reading

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18 focused interpretative digests of each chapter from ‪‎Piketty‬’s “‪‎Capital‬ in the 21st Century”

Read this impressive interpretative review of Thomas ‪Piketty‬’s Capital‬ in the Twenty-First Century – 18 focused posts devoted to each chapter from the book, carefully wrote by Adam David Morton (University of Sydney). Professor Morton clearly summarises each chapter in just a few … Continue reading

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Economics‬ of ‪‎War‬ — ‪Economy‬ and War

This collection of papers, from various academic journals and various disciplines (with free access during November), covers topics concerning the relationship between the ‪economy‬ and war and economics‬ of ‪‎war in current and historical contexts: – ‪Political regimes (democracy vs. authoritarian … Continue reading

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Paul Krugman: “Inequality is a Drag… Goodbye, trickle-down; hello, trickle-up.”

Paul Krugman: “If you look systematically at the international evidence on inequality, redistribution, and growth — which is what researchers at the IMF did — you find that lower levels of inequality are associated with faster, not slower, growth. Furthermore, … Continue reading

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Why did the transition from socialism to capitalism result in improved growth in some countries and economic decline in others? It is all about mass privatization

Scholars have advanced three main arguments to explain why did the transition from socialism to capitalism result in improved growth in some countries and significant economic decline in others: (1) successful countries rapidly implemented neoliberal policies; (2) failures were not … Continue reading

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In “Politics and Culture in an Age of Austerity” Amitai Etzioni argues that human contentment is perhaps best found outside of the high-growth, high-consumption paradigm

The Great Recession forced many people around to cut back on consumption and is one reason that drives the rise of right-wing forces. One response to the downturn has been a call for a return to high-level growth and consumption of goods. By contrast, … Continue reading

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A book “Clusters and Economic Growth In Asia” provides insights into the development and transformation of various clusters and industrial sectors in East and Southeast Asia.

The volume edited by Sören Eriksson (Jönköping University, Sweden) deals with a number of important issues including the increasing relevance of cluster policies and the need to understand them in the context of the institutional and structural transition of newly … Continue reading

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Progress for the Poor

One of the principal goals of antipoverty efforts should be to improve the absolute living standards of the least well-off. This book aims to enhance our understanding of how to do that, drawing on the experiences of twenty affluent countries … Continue reading

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Pillars of Prosperity: The Political Economics of Development Clusters

“Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things.” … Continue reading

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