Environmental and Ecological Justice

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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 …

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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%, …

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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 …

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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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