by Real-World Economics Review at 100 This journal began by accident. In the summer of 2000, I was ‘surfing the web’ when I clicked onto a site called Autisme-économie. It told how French students had launched a rebellion against the obsolescence of their economics curriculum … Now, after 22 years and with Jamie Morgan as my co-editor, it continues. But with an enormous difference. Fears that were in the background then are now in the foreground. Natural science and the daily news inform us that the continuation of free societies, civilization, and maybe the human species are all now at risk as tipping points are neared. The same sources tell us that the cause of these rapid movements towards ultimate disasters is THE ECONOMY. Not economies in general,
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Real-World Economics Review at 100
This journal began by accident. In the summer of 2000, I was ‘surfing the web’ when I clicked onto a site called Autisme-économie. It told how French students had launched a rebellion against the obsolescence of their economics curriculum …
Now, after 22 years and with Jamie Morgan as my co-editor, it continues. But with an enormous difference. Fears that were in the background then are now in the foreground. Natural science and the daily news inform us that the continuation of free societies, civilization, and maybe the human species are all now at risk as tipping points are neared. The same sources tell us that the cause of these rapid movements towards ultimate disasters is THE ECONOMY. Not economies in general, but the global economy that has been created and maintained since World War Two under the guidance of the teachings of traditional economics, i. e. Economics 101 …
Just as Copernicus’s description of the universe was subversive of the traditional or then mainstream view of the universe, the 19 papers I have chosen from Real-World Economics Review archives for this 100th issue are subversive of the traditional view of the economy. The primary basis of their subversion is that they view the economy within a bi-directional causal context and, compared to traditional economics, an infinitely larger one. Most especially, they see a two-way interdependency running between the economy and the biosphere and between the economy and society.
Yours truly, of course, feels truly honoured to find his paper Deductivism — the fundamental flaw of mainstream economics to be among the nineteen papers chosen for this celebration issue.