The profession of economics requires a revolution in thinking if it
is to play a constructive role in solving the multiple and multi-dimensional
crises that so engulf our world, our species, and the fabric of human community. We are running out of time, write Kamran Mofid and Steve Szeghi.
Three decades after its inception, the ‘Tobin tax’ has
finally entered the mainstream political debate. Campaigners must now ensure its
primary purpose remains to redistribute finance away from the failed banking
system and toward benefiting the world’s poor, writes Anna White.
As critics proclaim the
death of neoliberalism amidst an international financial crisis, globalisation
theory is set to go into a tailspin. A short introduction to the academic globalisation
debate, by Adam W. Parsons.
The consequences of an economy based upon the principles of selfish individualism and brute competitiveness have now been exported to almost every country of the world. A return to the human values beyond economic theory has never been such an intimidating but tremendous possibility, writes Adam W. Parsons.
The pursuit of economic growth as a sole measure of national success is not, despite the dogmas of the World Bank, a foregone conclusion or an inevitable assumption. A paradigm shift in thinking is required if our obsession with outmoded orthodox economics is ever to be overcome, writes Adam Parsons.