ECONOMICS


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The upside down world of global capital

5 Comments
26 August 2012 | David James

GFCMoney is not like water, that 'flows' around the world, reaching 'equilibrium', or experiencing 'volatility'. It is transactions between people, based on trust. It enables the cooperation that forms the basis of social life. Human beings should be at the centre. Yet that is the opposite of what is happening.


Economics as if people mattered

8 Comments
07 November 2011 | Chris Middleton

'We are the 99%' Occupy Wall Street bannerWhatever the merits of Occupy Wall Street, it is far too early to speak of any substantial challenge to the dominance of capitalism. Yet there is a real taste for exploring alternatives. The most influential of faith-based approaches to economic theory is that of distributism.


Social inclusion in ailing Ireland

7 Comments
02 December 2010 | Gerry O'Hanlon

Irish BankA hopeful sign has been the emergence of commentators, mainly secular, advocating the transformation of the economy to a model based on values like the common good, solidarity, environmental concern, equality, active and inclusive citizenship.


Brake failure on the economic freeway

26 October 2009 | Neil Ormerod
Even if we understand the intelligiblity of an automobile, we can still drive badly. With the GFC, the argument is not that better theories will ensure everyone behaves properly, but that without a proper economic theory even people of good will cannot work to achieve the good.


Why ignorance, not greed, caused the GFC

2 Comments
20 October 2009 | Neil Ormerod
Karl MarxSixty years ago, Jesuit Bernard Lonergan developed an analysis of the boom and bust cycles of economy. He often asked, 'Where were the Christian counter-parts of Karl Marx, sitting in the British Museum voraciously reading and relentlessly studying about political economy?'


Mum and dad investors cop economic tough love

8 Comments
03 August 2009 | Catherina Toh
An ethos of tough love balks at taxpayer subsidies for anyone foolish or unlucky enough to make the wrong investment decision. In Australia we prefer to see people as victims and expect the government to clean up the mess.


Toxic economies in history

8 Comments
29 May 2009 | Thomas Sullivan
Open Veins Of Latin AmericaIn the 16th century, following its conquest of Latin America, Spain drained the area of its gold and silver. One might suspect that this windfall turned Spain into an economic powerhouse. But some funny things happened when the easy money arrived.


Broadband deal better late than never

6 Comments
08 April 2009 | John Wicks
Fibre optique, Flickr image by TwistitiAustralia has spent the past decade in a consumer frenzy, while social infrastructure vital to our wellbeing has been neglected. The Government's belated $40 billion National Broadband Network will have many long-term benefits.


The crash of the can market

6 Comments
18 February 2009 | Julian Butler
Flickr image by Tristan GarrettSome of the soup van's clients collect cans to sell to a scrap dealer. The work supplements their welfare income and provides a sense of fulfillment. Since the global market crash business has been slow: 'China doesn't want aluminium now.'


The chuckling economist

3 Comments
05 January 2009 | Brownyn Lay

On the day the markets bled we rushed to hear Stiglitz's diagnosis. The Nobel Laureate used to be Chief Economist of the World Bank, ending his term in fisty cuffs with the IMF and the US over their financial bullying of developing nations. Stiglitz had schadenfreude written all over his face. (October 2008)


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