For Hayek, a market was a personal voyage of discovery. Malthus once told Ricardo to be wary of becoming too attached to abstract ways of thinking. Keynes believed in “animal spirits.” Schumpeter sensed a brutal dynamic of “creative destruction” at the heart of capitalism.
Commentary
An Open Letter to the Ecological Economics Movement
- Kalle Lasn
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- 16 Jul 2009
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- 0 comments
Greetings fellow travelers,
We sit around three clusters of whirring computers, watching our high school teacher read the lecture notes prepared from Harvard University professor Gregory Mankiw’s textbook, The Principles of Economics. “Trade always makes all participants better off,” he says. I glance at a friend across the room. We both know something is not right about this.
Clay Williams
T he woman sitting opposite me on the #4 Powell bus is wearing a leather bomber jacket and stylized Armani glasses. Her fingers are crossed over the wooden handle of a corduroy shoulder bag. The words "PURL" and "KNIT" are tattooed across her knuckles in the same gothic lettering that Tupac Shakur used to tattoo "OUTLAW" on his forearm. I'm about to talk to someone who is, apparently, a gangster knitter.
They’ve vehemently resisted it throughout their careers, but now Lawrence Summers, Nobel Prize winner Paul Krugman and most mainstream economists are embracing public spending as a way to repair our broken economy.
Commentary
Alan Greenspan’s Perpetual Motion Machine
- Dr. Jean-Paul Rodrigue
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- 12 Mar 2009
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- 19 comments
Commentary
Living on Borrowed Time in a Stolen Land
Israelis see the Palestinian struggle as irrational lunacy because they are fundamentally uninformed about the roots of this vicious conflict.
- Gilad Atzmon
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- 05 Jan 2009
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- 40 comments
Photo: Advertisement in New York Times Magazine, April 10, 2008.
Communicating with Israelis may leave one bewildered. Even now when the Israeli Air Force is practicing murder in broad daylight of hundreds of civilians, elderly persons, women and children, the Israeli people manage to convince themselves that they are the real victims in this violent saga.
Almost unnoticed, Israel and the White House signed a deal over the summer to station an early-warning missile radar system, staffed with US military personnel, in Israel’s Negev desert. The media here described the Joint Tactical Ground Station, which brings Israel under the US protective umbrella against missile attack, as a “parting gift” from President Bush as he prepared to leave office.
Commentary
A Flowering of Meaning
The international audience finds it's own media, free from western bias.
- Sean Condon
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- 26 Sep 2008
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- 17 comments
When US Marine-turned-journalist John Rushing covered the Virginia Tech shootings for Al Jazeera, he lined up with a group of American television journalists as they prepared to file their live reports. At the top of the hour, the Americans all led off their newscasts with the story of how Seung-Hui Cho sent tapes of himself to NBC, but Rushing stood waiting for his cue.
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