Macroeconomic System for Climate Change
Enables a sovereign government to spend whatever fiat currency is necessary to enable and assist its collective society to mitigate and adapt to climate change.
Environmental and Ecological Justice
The Green New Deal Will Prevent Inflation
Not having a Green New Deal, however, could result in devastating cost-push (left finger) inflation.
Functional Fiscalism
What I am going to imagine here is an argument that a progressive politician (for example, someone associated with a new Biden administration) could make in support of direct government spending to address a serious challenge to our collective well-being. By “direct” government spending I imply spending which is not “paid for” by garnering either …
What If We Could Still Do Great Things?
What if we told you that the most important thing you can do is help the people see that we can afford anything we need to take care of us all?
Thorium Nuclear Power and MMT: A Revolutionary Marriage Necessary for Our Survival?
With clean energy tech evolving rapidly, the strangling grip of the fossil fuel industry on our economy never more obvious, and the ominous shadow of climate change bearing down on humanity, the time is prime for radical change.
Nobel prize-winning economics of climate change is misleading and dangerous – here’s why
Steve Keen, UCL While climate scientists warn that climate change could be catastrophic, economists such as 2018 Nobel prize winner William Nordhaus assert that it will be nowhere near as damaging. In a 2018 paper published after he was awarded the prize, Nordhaus claimed that 3°C of warming would reduce global GDP by just 2.1%, …
Nobel prize-winning economics of climate change is misleading and dangerous – here’s why Read More »
Africa’s Pandemic Response Calls for Reclaiming Economic and Monetary Sovereignty: An Open Letter
The African Economic and Monetary Sovereignty initiative began almost three years ago in preparation for the first conference on The Quest for Economic and Monetary Sovereignty in 21st Century Africa, which was held in Tunis (November 6-9, 2019). An edited volume from the conference will be published by Pluto Press (2021), and a second edition of the conference will take …
The appallingly bad neoclassical economics of climate change
Abstract Forecasts by economists of the economic damage from climate change have been notably sanguine, compared to warnings by scientists about damage to the biosphere. This is because economists made their own predictions of damages, using three spurious methods: assuming that about 90% of GDP will be unaffected by climate change, because it happens indoors; …
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