Category Archives: Topics

Topics covers the following areas:

The following sections have not been done adequately, though they cover important topics. Capitalism and imperialismIncome Distribution – Inequality, and Poverty and hunger.

More than 100 million now forcibly displaced–UNHCR

© UNICEF
Children sit outside their family tent at the Alzhouriyeh makeshift camp in east rural Homs, Syria.

More than 100 million now forcibly displaced UNHCR June 16, 2022 Access full report.
At the end of June 2022, an estimated 103 million people have been forcibly displaced from their homes due to persecution, conflict, violence, human rights violations and events seriously disturbing public order. This is an increase of 13.6 million (+15 per cent) compared to the end of 2021, more than the entire populations of Belgium, Burundi or Cuba. Today, one in every 78 people on earth is displaced.

Illicit Financial Flows: Report of the High Level Panel on Illicit Financial Flows from Africa

Illicit Financial Flows: Report of the High Level Panel on Illicit Financial Flows from Africa African Union July 8, 2012 (Link accesses PDF of full report.)

Over the last 50 years, Africa is estimated to have lost in excess of $1 trillion in illicit financial flows (IFFs). This sum is roughly equivalent to all of the official development assistance received by Africa during the same time frame. Currently, Africa is estimated to be losing more than $50 billion annually in IFFs. But these estimates may well fall short of reality because accurate data do not exist for all African countries, and these estimates often exclude some forms of IFFs that by nature are secret and cannot be properly estimated, such as proceeds of bribery and trafficking of drugs, people and firearms. The amount lost annually by Africa through IFFs is therefore likely to exceed $50 billion by a significant amount.

The Macroeconomics Anti-Textbook by Tony Myatt

Cover of the Macroeconomics Anti-Textbook

Mainstream textbooks present economics as an objective science, free from value judgements. This book demonstrates this to be a myth – one which serves to make such textbooks not only off-puttingly bland, but also dangerously misleading in their justification of the status quo and neglect of alternatives.

In this much-needed companion volume to the popular Microeconomics Anti-Textbook, Tony Myatt reveals how the blind spots and methodological problems present in microeconomics continue to exert their influence in mainstream macroeconomics. From a flawed conception of the labour market, to a Pollyana view of the financial sector, macroeconomic principles as they are set out in conventional undergraduate textbooks consistently fail to set out a realistic, useful, or equitable framework for understanding the world.

By summarising and then critically evaluating the major topics found in a typical macroeconomics textbook, the Anti-Textbook lays bare their sins of omission and commission, showing where hidden value judgements are made and when contrary evidence and alternative theories are ignored. The Macroeconomics Anti-Textbook is the student’s essential guide to decoding mainstream macroeconomic textbooks, and demonstrating how real-world economics are much more interesting than most economists are willing to let on.

See book webpage.

Critiques of orthodox economics 2022

Herman Daly, 84, who challenged the economic gospel of growth, dies Ed Shanahan New York Times November 8, 2022
Perhaps the best-known ecological economist, he faulted his mainstream peers for failing to account for the environmental harm growth can bring.

Ecological breakdown: What are externalities external to? Güney Işıkara Developing Economics December 17, 2020
The 2018 Bank of Sweden Prize (falsely known as the Economics Nobel Prize) winner William Nordhaus opens the revised version of his Prize lecture as follows: “I begin with the fundamental problem posed by climate change – that is a public good or externality. Such activities are ones whose costs or benefits will spill outside the market and are not captured in market prices.”

Continue reading