Berfrois

“Economics is among the least interdisciplinary and most hierarchical academic fields”

“Economics is among the least interdisciplinary and most hierarchical academic fields”

John Maynard Keynes once remarked that ‘practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.’

Read More

Greece Rejects Austerity!

Greece Rejects Austerity!

In one week I had seen plenty of misery in Greece’s train of misfortune. Apart from protest slogans covering public and private walls, the homeless people sleeping on the sidewalks, and the soup kitchens, it is the generalized distress that has struck me.

Read More

Divestment is both moral and economically wise…

Divestment is both moral and economically wise…

When the fossil-fuel divestment movement first stirred on college campuses three years ago, you could almost hear Big Oil and Wall Street laughing.

Read More

No-one ever got rich outside of social relations between people…

No-one ever got rich outside of social relations between people…

The rich get rich through wealth extraction, not wealth creation. It’s time that was put to an end.

Read More

Dissenting Economics

Dissenting Economics

The dissent of students to the dominance of neoclassical economics in the curriculum is not new. As early as 2000, a group of French students organized under the name ‘Post-Autistic Economics’.

Read More

Watching, Trading

Watching, Trading

So all is well, then? Certainly not. This is only the mandate for the EU negotiators. In any international agreement, it takes at least two to tango.

Read More

Piketty’s Response

Piketty’s Response

This is a response to the criticisms - which I interpret as requests for additional information – that were published in the Financial Times on May 23 2014. These criticisms only refer to the series reported in chapter 10 of my book Capital in the 21st century, and not...

Read More

Modern finance is human and intellectual waste…

Modern finance is human and intellectual waste…

Mammon and His Slave, Johann Jacob Weber, 1896 From London Review of Books: One of the most adroit things about Flash Boys is the size of its frame: Lewis tells his story and then lets the reader draw her own conclusions about its meaning and consequences. He keeps the...

Read More

A Second Belle Époque

A Second Belle Époque

From The New York Review of Books: Thomas Piketty, professor at the Paris School of Economics, isn’t a household name, although that may change with the English-language publication of his magnificent, sweeping meditation on inequality, Capital in the Twenty-First Century. Yet his influence runs deep. It has become a...

Read More

Is work about doing what you hate?

Is work about doing what you hate?

The focus of conventional employment policy is on creating ‘more work’. People without work and in receipt of benefits are viewed as a drain on the state and in need of assistance or direct coercion to get them into work. There is the belief that work is the best...

Read More

A Call for National Food Sovereignty

A Call for National Food Sovereignty

Farmer in Brittany, Axel Törneman, 1905 From Monthly Review: In human terms, land grabs mean real people and families are dispossessed. When people lose access to their land, they also lose their means to obtain food, their communities, and their cultures. … The commodification of land—that most basic of...

Read More

Freeze!

Freeze!

Arnold Schwarzenegger as Mr. Freeze, Batman & Robin, Warner Bros., 1997 From 3:AM: Conservatives favor the free market as the best solution to economic problems. Conservatives also insist that people have the right to what they have earned. Together the market and the right to keep what one has...

Read More