Opinion

CRASH, BOOM, POP! Money & Economics Exposed

Steve Keen and IDEAnomics have launched a project to create a graphic version of Steve Keen’s book Debunking Economics – which is recommended and on our reading list – to try and make economic ideas outside the mainstream more accessible. This looks like a pretty cool project which should give heterodox ideas more exposure among students and the general public. They have also created this […]

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COS Talk at Manchester, and its relevance to PCES

Dame Nancy Rothwell, the President of Manchester University arrived at University Place yesterday to debate the purpose of education with hip-hop artist Akala, Steve Jones from the Manchester Institute of Education and Paul Cottrell, the former Head of Public Policy at the UCU, in talk hosted by Manchester’s Challenging Orthodoxies Society. The debate started with a brief

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A Response to Commentary on the Post-Crash Economics Society

We are glad that the coverage of our society seems to have renewed debate about the state of economics, economists and economics education. In particular, we appreciate the thoughtful response our lecturer Peter Backus has given to our society’s general aims and arguments, which we published a short while ago on this blog. However, naturally, we have some things to say in response. This post will be loosely based around the same

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A satirical take on cost-benefit analysis

“Please know that this decision was not rash. In fact, it was anything but—it was completely devoid of emotion. I just made a series of quantitative calculations, culled from available OECDdata on comparable families and conservative estimates of future likelihoods. I then assigned weights to various “feelings” based on importance, as judged by the relevant scholarly

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“understanding the material conditions of our existance”

“…that’s what Economics is all about: understanding the material conditions of our existence, the jobs we do, the incomes we receive…things we buy…the role of governments in providing our rights…the right to avoid abject poverty- there is a challenge to understand the material conditions of our existence, so that we may make them better…we want

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Banks

We’ve recently jumped across this rather interesting series of videos on website called Positive Money, aiming to strip away the layers of mystery that surround the banking system and roll out the very core of bankmoney as a real-life operation. A few key points are made: *The general idea of how money operates is known

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