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One of the many flaws of mainstream economics is its systemic allergy to competing paradigms. My book Macroeconomics: An Introduction (2021) treats this problem by providing readers not only with an alternative paradigm but also with a critique of mainstream economics. The alternative paradigm draws on the ideas of Adam Smith, David Ricardo, Karl Marx, […]
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Since the publication of Indigenous Peoples and International Trade there has been a number of notable international legal economic instruments incorporating provisions relevant for Indigenous Peoples, The Indigenous Peoples Economic and Trade Cooperation Arrangement (IPETCA), endorsed by Australia, Canada, New Zealand and Taiwan in late 2021, is the first multilateral economic instrument dedicated to Indigenous […]
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After the extensive support to monetary and financial sectors in the aftermath of the global financial crisis and then during the Covid-19 pandemic, central bankers are now faced with the difficult task of engineering a controlled re-entry to the normal cycle of demand management. As we can all begin to see, the two-year interruption to […]
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OECD countries adopt different models of healthcare financing. The health financing mechanisms incorporate not only opposing interests (some models favor the highest incomes, others the lowest) but even more diverse conceptions of illness and healthcare. Let us try to review the most common models of healthcare financing and, for each of them, try to understand […]
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Professor Nick Wilkinson, the author of Managerial Economics, took some time to answer our questions about inspiration, the digital revolution, and the rewards of teaching. The second edition of your textbook Managerial Economics is publishing later this month, what originally inspired you to write on this subject and how has that developed with this new […]
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At first glance, the economy of a city, a country, and the entire world, seems to be something too complicated to understand, and even more so to predict. The purchase of a pair of sneakers in a sports store in San Antonio triggers a series of processes that begin with a stock replacement order at […]
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The book pulls together the key elements and issues about the transition to low carbon, climate-adapted economy in one volume. ‘Transitioning to a Prosperous, Resilient and Carbon-Free Economy: A Guide for Decision-Makers’ arrives at a decisive moment for the international efforts to tackle the climate crisis – in the wake of the pivotal International energy […]
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Often, we perceive economics as highly objective and functional science or system that is closely associated with material prosperity, economic development or progress, and consumption and transfer of wealth. We usually perceive economic science as being similar in nature to physics or biology, and given the modern division of sciences, such a view would not […]
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