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Goodbye empire? US sanctions are failing in the face of multipolarity — Felix Livshitz

Published by the Council on Foreign Relations NGO, Foreign Affairs provides space for officials within the US military industrial complex to communicate with one another on matters they believe to be of the utmost significance. Therefore, it is important to pay attention when the magazine makes major pronouncements on any issue.It recently published an appraisal of US sanctions – the conclusion being that they are increasingly ineffective, have prompted Beijing and Moscow to create...

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Alternative approaches to the history of economic ideas

Teaching two history of thought classes this semester. One more traditional, focusing on the evolution of the theories of value and distribution, and another one, my regular senior seminar, on the co-evolution of ideas and policy in the United States. For the former I used a short piece by Peter Boettke on the reasons for reading the original sources (and they do read a fair amount in my class). The blackboard (pictured above) is based on his discussion. I changed the titles and the...

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Yanis Varoufakis for Age of Economics – Full interview

Age of Economics: in the first part of this project a diverse group of global thinkers answers 8 fundamental questions about economics and capitalist civilization. (Interview number 28) 0:00 - Prologue 01:19 - Intro 01:38 - 1. Why does economics matter? 03:00 - 2. What are the differences between economic science and economic engineering? 09:46 - 3. What role does economics play in society? Does it serve the common good? 15:21 - 4. Economics provides answers to problems related to markets,...

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Launch of DiEM25’s political party in Italy: MERA25 — with Federico Dolce, Yanis Varoufakis & more!

MERA25 Italy is now our movement's third national political party. Federico Dolce, MERA25 Italy spokesperson: “We started in Greece, then expanded to Germany, now to Italy. Why? To give hope to Europe. We are creating a solidarity network because, though it’s fought in different places, our battle is the same.” DiEM25’s Yanis Varoufakis was also at the launch of MERA25 Italy – in Rome on November 12. The event at the Acquario Romano also featured MERA25...

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Index of leading indicators says recession almost certain; so what of the coincident indicators?

Index of leading indicators says recession almost certain; so what of the coincident indicators? – by New Deal democrat This week is one of those where almost all of the important data is crammed into one day – in this case, Thursday, when Q4 GDP, initial claims, real manufacturng and trade sales, durable goods orders, and new home sales will be reported all at once. In the meantime, you may have heard that yesterday the Index of Leading...

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Extending Capital to Nature, Reducing Nature to Capital

Extending Capital to Nature, Reducing Nature to Capital The Biden administration has announced it is inaugurating a program to incorporate the value of natural resources and ecological services into national income accounts.  The New York Times article reporting this development predictably portrays the response as divided between two camps: on the one side are environmentalists, who think this will lead to more informed decision-making, and on...

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