Gordon Cook: On the State of Economics – An Exchange Dedicated to #OWS and Society Achieving a Broader Understanding

Here is the final paragraph from an essay by John Kay titled The Map is Not the Territory: An Essay on the State of Economics The preposterous claim that deviations from market efficiency were not only irrelevant to the recent crisis but could never be relevant is the product of an environment in which deduction …

Tom Atlee: Paul Krugman Gets It – Protesting Rigged System

Panic of the Plutocrats By PAUL KRUGMAN New York Times, October 9, 2011 It remains to be seen whether the Occupy Wall Street protests will change America’s direction. Yet the protests have already elicited a remarkably hysterical reaction from Wall Street, the super-rich in general, and politicians and pundits who reliably serve the interests of …

Review: World on the Edge – How to Prevent Environmental and Economic Collapse

Lester Brown 4.0 out of 5 stars The One Book to Buy of Brown’s–By No Means the Whole Picture, September 10, 2011 I’ve read and reviewed a number of books by Lester Brown and his advocacy agency, and have especially appreciated the State of the World series, and his Plan B Series that keeps getting …

Chuck Spinney: Joseph Stiglitz on Needed Fiscal Policy

In addition to making the United States a global laughing stock, last month’s dismaying political circus over what used to be routine legislation to increase the debt ceiling solidified the “let them eat cake” politics among the courtiers and plutocrats calling the shots from behind the curtains in the hall of mirrors that is Versailles on the …