Real-World Economics Review

The poll “What are the top 10 economics books of the last 100 years?” was open for two weeks and over 3,000 economists voted.  They could vote for up to 10 of the books on the short list of 50 which had been compiled from the nominations submitted by Real-World Economics Review readers.  People on average voted for five books.  Here are the results. Top 10 economics books of the last 100 years 1. (1,597 votes) John Maynard Keynes, General Theory of Employment, Interest and Money (1936)...

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You may vote for ten books.  The 50 nominated books are listed in alphabetical order by author on your ballot below. Take Our Poll

from Mother Jones

from Mark Weisbrot The International Monetary Fund (IMF) has gotten some attention in the past week for the publication of an unusual article in its quarterly magazine, Finance and Development. The article’s title, “Neoliberalism: Oversold?” itself is a shocker, since the institution has been the most influential proponent of neoliberalism in the world for more than four decades. It’s kind of like an op-ed from Donald Trump titled, “Insulting Your Opponents: Oversold?” From the authors...

from Maria Alejandra Madi   Technological change has significantly transformed the labour scenario as the result of the diffusion of innovative practices at the micro-level. The technological impact on the future of work was deeply analysed by Jeremy Rifkin. According to him, we are facing a new phase of history – Third Industrial Revolution – that is characterized by the steady and inevitable decline of jobs in the production and marketing of goods and services. Today, the Third...

from Asad Zaman Before Keynes, Classical Economic Theory (CET) was based on three principles. The First Principle is that Unemployment is automatically eliminated by the free market. The Second Principle is the Quantity Theory of Money, which states that money supply makes no difference to real economic outcomes. The Third Principle is that private investors automatically find the right investment opportunities to create the best economic outcomes for future. The realities of the Great...

from Peter Radford I try to take my own advice: when you have nothing to say, don’t say anything. Thus, for the best part of a month I have busied myself doing other things and staying away from here. It’s been a nice break, and here I am still convinced that there’s not much to say. The economy is where it was. Economics is where it was. Politics is where it was. The three intermingle, mix, merge, separate and go their different ways in the same manner as before. The same complaints and...

Big, listed banks, darlings of the neoliberal establishment, brought Ireland to its knees. Small Irish community banks (credit unions, a volunteer led movement with over 3 million members), while severely affected by the financial crisis, did not only not contribute to the financial crisis but also weathered it, retaining the trust of their members. Mind: ‘members’, not ‘clients’. Via the website of the Irish Central Bank some excerpts of a speech by Registrar Anne Marie McKiernan to Irish...

From climate change to resource overconsumption to pollution, the engine that has powered three centuries of accelerating economic development revolutionizing technology, science, culture, and human life itself is, today, a roaring out-of-control locomotive mowing down continents of forests, sweeping oceans of life, clawing out mountains of minerals, drilling, pumping out lakes of fuels, devouring the planet’s last accessible resources to turn them all into “product” while destroying...