Classical economists have relied on the model of physics to reach predictability, which led them to depict a “rational economic man.” Contemporary studies reveal a very different picture of our economic behavior.
Get Savvy with Systems
If supply and demand equilibrium were an economic “law,” the 1929 and 2008 financial crises would not have occurred. Rather than ready-made theories, economics needs the practical background provided by systems thinking.
Secrets of the Good Life
Can growth be equated to progress? Data show that it is not GDP growth by itself that improves people’s lives but how money is distributed, notably through investing in public infrastructures.
The Utopian Theory of Superpower: The Official Version
Promising “democracy, development, free markets, and free trade” to the world in the wake of 9/11, the U.S. administration unwittingly made the case that market fundamentalism contradicts democracy.
Democracy Incorporated, by Sheldon Wolin
An unprecedented combination of corporate and state power has progressively shaped itself in the U.S. after WWII, as Sheldon S. Wolin characterized it, “Inverted Totalitarianism.” What is behind this concept?