When I saw this, I wanted to post it somewhere, so here goes. Please add anything and everything! I can’t figure out how to write below the Canova/DWS debate, so I’ll add things in the comments.
I’d never heard of Buddhist Economists or the Bancor currency. Umair Haque has, though. After World War II, the US and UK got together to design a global economic system to prevent the very mistakes that caused that catastrophe. Today we have just a superficial understanding of political economy: we think in binary terms of either “hate” or “economic anxiety”. Then, figures like the great JM Keynes had a more nuanced understanding of political economy. They knew that stagnant economies are like amplifiers of a society’s latent rage — that poverty feeds hate with anger. And so the point of the system … Continue reading →