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J.D. Alt: Golden Age Just Around the Corner

December 16th, 2014
in Op Ed

by Dirk Ehnts, Econoblog101

J.D. Alt has published a very nice text recently that sums up the problem of popular delusions regarding money. This is a three page version of what could be a 200 pages book, namely the argument that the (US) government does not face a budget constraint and hence neither privatization nor austerity policies make sense.

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To Cut Carbon Emissions and Keep the Lights on, it has Got to be Nuclear Power

December 16th, 2014
in Op Ed

by Malcolm Grimston, The Conversation

An experiment in liberalising power markets has been underway in the UK since the 1980s and three phases can be identified. The first ran from around 1989 to 1999, beginning with the privatisation of the generating industry and grid and ending by giving customers the freedom to shop around for their supplier.

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The Answer to the Unemployment Problem Is More Jobs

December 16th, 2014
in Op Ed

by L. Randall Wray, New Economic Perspectives

Dean Baker, everyone's favorite progressive economist (mine, too), has an interesting take on our unemployment problem.

Give more paid vacations.

The idea is that if all the employed work less, employers will need to hire the unemployed to produce what the already employed won't be producing while sunning themselves on Florida's beaches.

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Even Climate Change Experts and Activists Might Be in Denial

December 15th, 2014
in Op Ed

by Steffen Böhm, University of Essex and Aanka Batta, The Conversation

Another month, another important UN climate change conference. The latest is in Lima, the capital of Peru. Thousands of experts from the world of politics, business, academia and civil society – and Leonardo DiCaprio – have flown around the world to urge us all to curb our carbon emissions.

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Beyond GDP: Are There Better Ways to Measure Well-Being?

December 15th, 2014
in Op Ed

by Ida Kubiszewski, The Conversation

“At present, we are stealing the future, selling it in the present, and calling it GDP.” — Paul Hawken

Imagine if a corporation used Gross Domestic Product (GDP) accounting to do its books: it would be adding all its income and expenses together to get a final number. Nobody would think that’s a very good indication of how well that business was doing.

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