Tag Archives: Philip B. Smith

Economic history – this is going somewhere honest (at least in my head)

To give him his due, von Hayek was in favour of rules to ensure fair competition.  Strict rules for accounting are a vital part or this, but since the 1970s, deregulation has become fashionable and those regulations which impose a … Continue reading

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A bit more economic history

Keynes – bring on the nice guys After the crash of 1929, it was no longer possible to pretend that demand could never be deficient and the trauma caused by the crash enabled some different economic thinking to come to … Continue reading

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An economic history lesson (courtesy of Philip B Smith and Manfred Max-Neef)

“The people are everywhere anxious to not be dominated or oppressed, and the powerful are out to dominate and oppress the people”, Machiavelli, The Prince. Claude Lefort sees the conflict between the people and the powerful as one that can … Continue reading

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Where we are now

Where we are now is the result of decisions made in the past about our direction of travel.  Smith and Max-Neef refer to us having chosen the route of Machiavelli (it is much safer to be feared than loved) over … Continue reading

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Don’t be Greedy (Economics Unmasked)

‘Economics Unmasked: From power and greed to compassion and the common good‘ is a collaboration between a physicist Philip B Smith (they are much better at spotting the mathematical nonsense in accepted economic ‘wisdom’) and economist Manfred Max Neef.  The … Continue reading

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