The laws of economics can be frustratingly inconvenient, especially in Washington. To many lawmakers, the fundamental principles of economics are neither fundamental nor even principles: They are ...
“Economics is a study of mankind in the ordinary business of life.” So starts Alfred Marshall’s “Principles of Economics”, a 19th-century textbook that helped create the common language economists ...
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Our economic system relies on growth – an obsessive compulsion of neoliberal capitalism
Our economic system is entirely dependent on growth, or rising levels of income per capita: it is the singular obsession of neoliberal capitalism and all financial institutions. The environmental ...
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