GDP vs something saner, more human

It so happens that two news reports out today neatly show the difference between dead-hand conventional economic measures and something that would do more to reflect people’s real lives and the performance of conventional politicians in trying to improve those lives. This may seem like dry abstract stuff but it’s the raw material of most […]

What might Corbyn and his cohorts do on degrowth?

Guardian columnist Aditya Chakrabortty wrote an insightful piece about Jeremy Corbyn’s Labour leadership victory today, adding his usual depth to current events. It prompted me to chip into the comments thread. Great work – I invariably finish reading Aditya Chakrabortty’s pieces with a broader, deeper perspective than when I began – I’m grateful for that. […]

Economics teaching failing students and society, says Prof

University economics departments around the world are failing their students by ignoring the real-world effects of their discipline, among them rolling financial crises and environmental destruction, according to Professor Clive Spash. “It’s basically a failure, we’re training economists who don’t understand the real economy,” said Spash, Chair of Public Policy and Governance at WU Vienna […]