Interesting interview with professor Steve Keen, where he explains the role of debt in GDP (not currently included in economic models). He models the effects on lending acceleration and repayment options (slow vs. fast) in economic cycles and explains how he was able to successfully predict the 2008 economic crisis. Contrary to traditional Western fiscal … More Modern Economic Theory for the Digital Economy
This is a question that many development policy advisors struggle with when making suggestions that could improve human development in low and middle income countries. The assumption is that handing over government responsibility to poorly educated local authorities is a sure recipe for disaster. However, before we dive into arguing about the advantages or disadvantages … More Is Government Decentralization a Good Approach for Countries with Low Literacy Rates?
The informal sector plays a very important role in economic development in both complex and simple economies alike. Informality embodies the spirit of entrepreneurship and it is the way people ensure their livelihoods even when excluded from the informal sector (Allen). Development literature puts most emphasis on the establishment of democratic capitalism as the only path to economic development in low and middle-income countries. This research largely ignores the fact that some rich countries with high HDI still have a large informal sector that fuels the economy; such as it is the case of Italy (with 33%) and Sweden (15%) of their economic activity coming from the informal sector. … More Should the Informal Sector be Regulated?
On March 11, 2020 the WHO declared the Coronavirus a global pandemic. Although the first case was detected in the US on 01/20/20, president Trump skeptically dismissed the threat and waited patiently to take action, naively thinking that it would simply go away. It was not until March 13 that the federal government decided to declare a state of … More Shifting Public Discourse About #COVID-19
via Reducing risks in urban centres: think ‘local, local, local’ | International Institute for Environment and Development Urban centres can be among the world’s most healthy places to live and work – but many are among the least. How healthy they are is powerfully influenced by local government competence, local information, and support for local … More Urban Reducing Risks in Urban Centres: Think ‘local, local, local’
The term ‘entitlement’ is often used in political discourse to refer to welfare and social net ‘handouts’ that create debate among liberals, realists, socialists and postructuralists alike. These debates focus around the issue of fairness considering that some people work ‘harder’ than others. However, I would like to dissect this term from the definition that … More At What Level does the Culture of Entitlement Becomes Morally Wrong?
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