economic theory

economic theory


Progressive Economics: Bernstein & Herman (V&E-4)

progressive economics February 19th, 2020

Unless you’re quite wealthy, you probably feel an economic pinch— a job that’s not keeping pace, a fair amount of debt, insecurity about Social Security. The economic priorities of the Bush administration and Congress are fairly plain to see; the road to fiscal propriety in a more progressive America is not rocket science— it comes down to priorities and discipline. I’m happy to speak with two guests today who have decades of combined experience watching the economy, the media, and the rest of the factors that support it. Thank you for listening; we have to take a quick break, but when I return I will tell you about Jared Bernstein, Ph.D. and, then at the bottom of the hour, I will be speaking with Professor Edward Herman.

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Critiques of Capitalism (Part 1)

critiques of capitalism January 30th, 2020

This blog is based on a paper entitled: Critiques of Capitalism. It is one of five parts in a series that takes a long, hard look at the economic system we have in modern America. Whether it goes by the descriptor free-market capitalism, laissez-faire capitalism, neoliberalism, classical liberalism, libertarian economic philosophy,  or its illegitimate children – crony capitalism, supply-side economics, or trickle-down economics – the economic theory that America is based on has a long, significant, storied past. Here is the introduction to the paper, Critiques of Capitalism:

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Amending Capitalism: How & Why? (V&E-18)

amending capitalism October 17th, 2017

The following piece is entitled “Amending Capitalism: How and Why?” and constitutes chapter 18 of the book Values & Ethics: From Living Room to Boardroom (itself based on an Internet-based talk radio show of the same name I did in times past). My erudite and ingenious partner in dialogue is Gar Alperovitz, Ph.D., professor of political economy at the University of Maryland, a former fellow of King’s College – Cambridge, a former fellow of the Institute of Politics at Harvard University, and guest scholar at The Brookings Institution. Gar’s words are indicated by the initials GA, and mine are JM. For paragraphs with no initials, assume they are a continuation of the speaker who was speaking in the previous paragraph. I highlight words having to do with values and virtues by placing them in boldface type. Enjoy this look at critiques of capitalism, worker-owned businesses, progressive economics, corporate social responsibility, and economic justice.

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America Beyond Capitalism: Interview with Gar Alperovitz

January 22nd, 2017

Is capitalism working well for Americas values and ethics? Is globalism moral or immoral? I suppose that depends on whom you ask. Jason is pleased to have interviewed acclaimed author and professor Gar Alperovitz, PhD. Extremely well-qualified and free-thinking, Professor Alperovitz compellingly offers a historical account of economic systems and how ours is tied to

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A Progressive Perspective on American Economics

January 22nd, 2017

Unless you are quite wealthy, you probably feel an economic pinch: a job that is not keeping pace, a fair amount of debt, and insecurity about Social Security. The economic priorities of the Bush Administration and Congress are fairly plain to see. The road to fiscal propriety and a more progressive America are not rocket

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Is Capitalism Ethical? Economically Just?

Is capitalism ethical? January 3rd, 2017

This is such a funny picture, I had to blog about it. I’m afraid I don’t know whom to give credit to for the photo, but they are obviously a genius. There is great wisdom in it, I believe. So, what did Jesus value? Does that matter? Can one live a life of value and chase down the almighty dollar? In a word: is capitalism ethical? Here are some questions to consider when comparing capitalism to its alternatives: socialism, welfare statism, egalitarianism, communitarianism, and social democracy. 

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