Tag Archives: interest

Destroy ‘creative ambiguity’ in order to change the world Stavros Mavroudeas Professor of Political Economy Panteion University In a recent (much publicized by systemic circles) article, G. Varoufakis, referring to the current international banking turmoil, uttered the supposedly radical slogan ‘let the banks burn’. Of course, G. Varoufakis is not famous for the coherence of his economic analyses. As he has described himself, he is a fairy tale creator impersonating an...

Interview with Vlado Plaga in the German magazine FAIRCONOMY, September 2017.VP: You are advocating a revival of classical economics. What did the classical economists understand by a free economy? MH: They all defined a free economy as one that is free from land rent, free from unearned income. Many also said that a free economy had to be free from private banking. They advocated full taxation of economic rent. Today’s idea of free market economics is the diametric opposite. In an...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. In a clever online nudging experiment, 627,000 online taxpayers in Guatemala were given one of five different kinds of honesty messages, reminders about public goods, or legal warnings in a captcha. But none of the messages had any effect on taxes paid. Some unexpected side effects of antimalarial insecticide-treated bednets (ITNs): We show that ITNs reduced all-cause child mortality, but surprisingly increased total fertility...