Tag Archives: history

Guest post by Jeff Mosenkis of Innovations for Poverty Action. If you can get past me at the beginning, this Planet Money episode The Poop Cartels (Apple/iTunes link), I think shows the power of good econ theory put into practice. Molly Lipscomb of the University of Virginia explains how she, with Laura Schechter, and a big research team in Senegal tried to introduce what some people have also called the “Uber for Poop.” Peter Biar Ajak is a former Sudanese “lost boy” who went on to train...

British policy was to depend upon alliances with others, rather than to maintain a large standing army itself. So it was important to be able to draw upon a force of colonial troops when needed, including for the policing of the British Raj. Important though they were for British power, Indian troops commonly faced racial discrimination, were looked down upon by white officers and were often used as cannon fodder, while also being given worse grade arms and equipment than regular British...

As you grow up and experience more of the ups and downs of the economy, you will notice a piece of mindbending hypocrisy: during the good times, bankers, entrepreneurs—rich people in general—tend to be against government. They criticize it as a “brake on development,” a “parasite” feeding on the private sector through taxation, an “enemy of freedom and entrepreneurship.” The cleverer among them even go so far as...

Former Austrian Chancellor Bruno Kreisky was quoted as saying during the 1979 Austrian election campaign that: “I am less worried about the budget deficits than by the need for the state to create jobs where private industry fails”. That is the statement of a social democrat. That is a progressive Left view. In June 1982, with French unemployment at 7.2 per cent (having risen from 2.4 per cent in 1974 after a near decade of austerity under the right-wing Prime Minister Raymond Barre), the...

Guest Post by Jeff Mosenkis of Innovations for Poverty Action. Alex Tabarrok summarizes the story from the new book on RCTs, Randomistas, about how TOMS shoes invited an external evaluation of their program giving away shoes and discovered it wasn’t helping recipients very much. This isn’t that unusual in development, but faced with the evidence, they agreed to be named in the paper and be public about it, and tried to figure out how to use the insights to do better. (See study author Bruce...

[embedded content] Yanis Varoufakis – Happiness, Inc. – Think Again – a Big Think Podcast #149 Jason GOTS: As the Wu-Tang Clan once put it: “Cash moves everything around me… Get the money. Dollar dollar bill, y’all.” I grew up not wanting to believe this. All the stuff that seemed worth having was hard to put a price tag on. But under global capitalism, there’s a lot of hard, sad truth to...

For over a century now, the world has lacked a genuinely international means of payment. This is partly due to decisions made at the Bretton Woods conference in 1944, when the US dollar was adopted as the principal international settlement currency, rather than John Maynard Keynes's suggestion of an independent global currency that he called "bancor". Although the Bretton Woods gold-backed structure ended in 1971, the US dollar became ever more dominant. In 2008, the dollar's global reach...

Join economist and Democracy in Europe Movement 2025 (DiEM25) co-founder Yanis Varoufakis for a keynote talk on the economic force that has shaped our world: globalisation. This South Bank talk is punctuated by images from acclaimed German photographer, Andreas Gursky, whose iconic photographs have documented global capital and its effects for three decades, and whose first major UK retrospective will open...

[unable to retrieve full-text content]A recent literature has explored growing personal wealth inequality in countries around the world. This column explores the widening wealth gap between regions and across states in Europe. Using data going back to 1900, it shows that regional convergence ended around 1980 and the gap has been growing since then, with capital regions and declining industrial regions at the two extremes. This rise in regional inequality, combined with rising personal...

If you are a fan of Pepe Escobar.CounterpunchRome: A Eulogy Pepe Escobar