CapitalismEducationEssaysFeature

A Radical New Approach to the Field of Economics

Anwar Shaikh has been teaching economics at The New School for 42 years. One of the world’s leading heterodox economists, he argues that the neoclassical models taught at most universities are bad tools for analyzing capitalism. He hopes that his recent book, Capitalism: Competition, Conflict and Crisis, can be the foundation for an alternate economic theory and pedagogy. He recently sat down with New School student Ebba Boye to talk about this work.

Why did you write this book? When I first entered economics it was with a wish to understand how the world works. I am from Pakistan, I grew up in a part of the world where disparity in wealth was enormous and growth was slow. My father was a diplomat who was posted in many countries so growing up I observed a diversity of peoples, cultures and economies. In Kuwait I observed how they had more money than they could count,  …

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CapitalismEssaysPsyche

Economic Globalization and Mental Health

Individual suffering in social context

Economic globalization is much in the news these days, most recently as Congress debated President Obama’s proposal for a “free trade” agreement with the nations of the Pacific Rim. My impression is that few mental health professionals keep up with the details of economic globalization and its impact on culture and mental health. In this article I will briefly present two ways in which economic globalization has a huge and largely unrecognized impact on …

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CapitalismEssays

Put out the FIRE (in GDP)!

No one can escape discussions about the state of “the economy.” They inform political campaigns in the U.S., debt and austerity battles in the Eurozone, and development efforts in the poorest countries in the world. Our ideas about “the economy” — how it works, what it involves, and how it is measured — provide the departure point for our debates over inequality, unemployment, wages and a host of other hot topics. And no metric for describing and assessing national economic health is used more frequently today than Gross Domestic Product (GDP).

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CapitalismEssaysLiberal Democracy in Question

A Tribute to Economist Bernard Maris (Sept. 23, 1946 – Jan. 7, 2015)

I was shocked to learn that Bernard Maris had been murdered at a meeting of the editors of Charlie Hebdo in Paris on January 7, 2015. He died at his desk, killed by the fanaticism that he regularly denounced.

Bernard Maris was an economist and a member of the governing board of the Bank of France, professor at the Institute of European studies of the University of Paris-VIII, a former University of Iowa professor, and journalist for the publication Charlie Hebdo, where he wrote a weekly column, under the pseudonym of “Uncle Bernard” — a column in which he explained the mysteries of finance. In a profile of victims published Wednesday evening, the Los Angeles Times reported Bernard Maris was a “noted Keynesian…

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