Economy featured

Economists as Priesthood – a Religion Based on Assumptions

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The ideas of the economists are important because they frame the way we understand the world, sometimes distracting us from understanding and living in the world in other ways. The economists claim that they describe the world as it is, rather than describing it as it should be, but there is an entire value system implicit in economics.

Hummus and Mindfulness: Skills, Resilience and Relaxation beyond Consumerism

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We all have to consume; it’s a necessary reality of existence. However, in the ‘consumer society’ the most radical thing you can do is not to consume ‘as directed’ – by finding alternative options that meets your needs while enacting a set of principles in opposition to that overbearing and exploitative economic paradigm.

Building a New Social Commons

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If we ever thought we had secure access to things like education or health care, housing or income support, that sense of security is seeping away. In the US and across Europe, the rise of populism signals new depths of anger among people who feel betrayed by the powerful and out of control of their lives.

Hope For Imagining a World Beyond Corporate Control

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The commons is not just a battlefield between corporate predators and those who resist them – it is also a source of hope for those willing to imagine a world beyond capitalism. It represents a space between the private market and the political state in which humanity can control and democratically root our common wealth.

Economics in the Post-Neoclassical Era

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One reason that the Neoclassical School is so resilient to criticism is that it has a theory of value that provides its believers with a frame of reference that is both a core set of beliefs, and a means to generate coherent arguments across a wide range of topics. Post Keynesians deliberately eschewed that, and I think this is one reason they failed.

The Future is a Pluriverse

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Rather than propose a glowing vision of a commons-based society, I am content to point to hundreds of smaller-scale projects and movements. As they find each other, replicate their innovations, and federate into a more coordinated, self-aware polity – if we dare call it that! – well, that’s when things will get very interesting.

New Open Source License Fights the Enclosure of Seeds

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The Open Source Seed license, recently released by a group called OpenSourceSeeds, is trying to “make seeds a common good again.” The license amounts to a form of “copyleft” for new plant varieties, enabling anyone to use the licensed seeds for free.

Breaking New Ground in Economic Theory

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Professor Steve Keen may be the first mainstream economist to address a fatal flaw in economic theory: omitting or minimizing the role of energy. Keen has developed a production formula incorporating energy, not as one factor of production along with capital and labor, but as the indispensable flow activating both.