Hayek and the Social Question (tags)
Hayek, author of Road to Serfdom, said the market was self-healing and market outcomes were just outcomes. In his book "Submission is Freedom," Schreiner explains how public investments and market corrections are vital.
Economic Crises as Sicknesses and Catastrophes (tags)
The 2008 financial crisis is often wrongly described as a "state debt crisis" where cause and effect are inverted and economists and the market are released from responsibility. Sickness and catastrophe metaphors dominate discussion
State Indebtedness: The Beloved Enemy (tags)
"The slow one now will later be fast as the present now will later be fast." The state unlike the Swabian housewife can become indebted to invest in a more social and more human future. All personal and corporate profit depends on state investment in roads, schools, food safety etc.
Seven Good Reasons for a More Just Tax Policy (tags)
In the US, the top tax rate was over 70% from 1938 to 1982. Reagan cut the top rate to 35% and changed taxation from corporate to individual leading to exploding inequality and generalized insecurity. Taxation, investment, labor market, trade and distribution policies must change.
Three Approaches to the Economic Crisis (tags)
Before 1980, wages, productivity, investments and production pushed one another and ensured general prosperity. After 1980 wages were dropped as a driving force of economic demand. Demand gaps were filled by consumer credits.
Ideology and Morality: What the Financial Crisis teaches about functioning of democracy (tags)
Moralizing is a form of argumentation found in many ideologies and academic systems of thought.. State interventions, we were taught, are bad because they run counter to the objective laws of the market.. The market is a social institution that we interpret in different ways..