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The Precariat under Rentier Capitalism Guy Standing We are in the midst of a Global Transformation, analogous to Karl Polanyi’s Great Transformation described in his seminal 1944 book. Whereas Polanyi’s Transformation was about constructing national market systems, today’s is about the painful construction of a global market system. To use Polanyi’s term, the ‘dis-embedded’ phase has been dominated by an ideology of market liberalisation, commodification and privatisation, orchestrated by financial interests, as in his model. The similarities also extend to today’s fundamental challenge, how to construct a ‘re-embedded’ phase, with new systems of regulation, distribution and social protection.

Fredrik Albritton Jonsson and Carl Wennerlind reveal how centuries of belief in infinite growth on a finite planet have put us all in danger

Even if psychological factors influence participants’ decision-making, as behavioral economists compellingly argue, incorporating such factors into economic theory would seem to require that market participants adhere to elementary logical rules.

The education of the next generation of economists too often ignores the real crisis we face today: climate change, inequality, and financial instability. Sam de Muijnck and Joris Tieleman seek to address this problem in their book, Economy Studies, which outlines a practical road map for effectively connecting pluralism of core academic material to real world events, values, and the great questions of our time.

The speed and duration of COVID-19 economic recovery will depend on how the government will finance emergency programs.

Lynn Parramore’s INET interview with Chanos is suggested reading in the FT, and has been cross-posted or summarized in the following media outlets: Naked Capitalism, MSN, Yahoo, Business Insider, AOL, Markets Insider, Latest Finance, Trade for Profit, Tech Telegraph, Best Stocks, Motor Mouth, Trading View India, Trading View, Benzinga, Hataf News, Forex TV, Business News and WN.

“We need to figure out new ways to relate to the earth.”

Luke Burgis, the author of the just-released book “Wanting,” talks about his book, how we come to desire what we desire, and how we can transform desire so as to make the world a better place.

The idea that economics has recently gone through an empirical turn –that it went from theory to data– is all over the place. I argue that this transformation has been oversimplified and mischaracterized.

How Showering Money on Both Parties Paralyzed Regulators

Newspapers consistently underplay wide public support for higher taxes on businesses and the wealthy

Yale Law School Fellow Stephen Roach, discusses his just-released book, Accidental Conflict. Roach explores how much of the adversarial nationalist rhetoric in both China and the USA is dangerously misguided and more a reflection of each nation’s fears and vulnerabilities than a credible assessment of the risks they face.

Anxiety over human labor being replaced by cyborgs may be in vogue, but it’s overblown — machines may help us achieve healthier and more meaningful lives

The YSI Economics of Innovation Working Group in partnership with the Ragnar Nurkse Department of Innovation and Governance, Tallinn University of Technology is hosting a YSI Conference on “Innovation, Institutions and Governance”.

200 years after Marx’s birth, a look at how two economists sought to reconcile his idea of common ownership with market mechanisms