Theory

Understanding the Process of Economic Change

Understanding the Process of Economic Change
Despite what the title might suggest at first, Understanding the Process of Economic Change does not offer a clear-cut, straightforward prescription for evolving economies. In fact, Douglass North frequently, and quite convincingly, warns against simplistic and reductionist approaches to economics. Through the exploration of key factors and mechanisms of every...

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Myanmar’s Risk

Myanmar’s Risk
1.    Introduction This essay analyses the article “Democracy dividend bolsters the positive economic momentum” (2016) by Credendo group. The group is a credit insurance company that assesses risks of trade around the globe and provides solutions on insurance, finance, investment, and international business. In this article, it provides a risk...

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Australia’s Economic Risk

Australia’s Economic Risk
1.    Introduction The recent lowering of Australian banks' rankings by credit rating agencies, such as Moody’s and Standard & Poor’s, has rekindled the debates on the health status of the Australian economy. A wave of articles is currently flooding the media and research publications assessing Australia’s economic risk. While most...

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Anti-racism: universalist or relativist

Anti-racism: universalist or relativist
The rise of Trump in the US and ultra-nationalists around the world reprioritised anti-racism on the progressive agenda. At first glance, anti-racism is simply a positive, altruistic act. There is an evil, racism, that you need to conquer and in doing so, feel like a saint. But if you delve...

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Social Structure of Accumulation

Social Structure of Accumulation
A Theoretical-Historical Review   1.    Introduction All theories have a perspective, which is derived from a position in social and political time and space (Cox 1981: 128). In this article, I explore the perspective of the Social Structure of Accumulation (SSA) theory by reviewing the social, political, and economic conditions...

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Keynes and Kalecki on Full Employment

Keynes and Kalecki on Full Employment
Introduction This essay compares the ideas of Michal Kalecki and John Maynard Keynes. The topic is, indeed, too broad. Thus, I narrow it down and just attempt to, very briefly, answer two questions. First, is Kalecki a Keynesian? And second, are there distinctions between Keynes’s and Kalecki’s positions on full...

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Power and Knowledge

Power and Knowledge
We are living in “knowledge societies”, in which science and information play such an important role that our lives are unimaginable without them. We feel the impact of knowledge at the individual and societal levels, in education and work, as well as in recreation and entertainment.  There are few, if...

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The Uncountable

The Uncountable
Only the unique is permitted to the realm of joy and pain. The unique is uncountable. Two is inapplicable to it. Two negates, even mutilates, the unique’s raison d'être. So, the unique is not one. One merely exists to pave the way to two. As uniqueness dissolves, ordinariness emerges, and...

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Hope : New Philosophies for Change

Hope : New Philosophies for Change
In this article, I briefly review Mary Zournazi's book, Hope: New Philosophies for Change. The book is an anthology of interviews that Zournazi conducted. I particularly focus on two interviews. One is Hope, Passion, Politics by Chantal Mouffe and Ernesto Laclau. The other is Joyful Revolt, a conversation with Julia...

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