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Perhaps the biggest challenge to dictatorships is the danger and uncertainty associated with a leadership transition. No one—including the ruler—knows the real rules of transition, such as how the next ruler is chosen and how the incumbent should exit. All these are determined secretly based on brutal power struggles. This is why, as Xi Jinping’s […]
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What exactly is resilience and how can it be enhanced? Farming systems in Europe are rapidly evolving while being at the same time under threat, as seen by the disappearance of dozens of farms every day. Farming systems must become more resilient in response to growing economic, environmental, institutional, and social challenges facing Europe’s agriculture. […]
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In a time of increasing international turmoil, the World Trade Organization is undergoing an existential crisis. Trade links the world not only through the flow of international commerce in goods, services, and ideas, but also through its economic, environmental, and social impacts. Trade links are supported by a WTO trading system founded on rules established […]
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There is no shortage of proposals to address society’s most pressing problems—poverty, health, urban infrastructure, climate change, and many others. These propositions often involve single-handed solutions involving either direct governmental action or private outsourcing of key services, with a host of hybrid arrangements in between—such as public-private partnerships or social enterprises mixing financial and social […]
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Everyone knows it. We are facing a global environmental crisis of extinction-level proportions driven by carbonizing fossil capitalism. In May 2021 the International Energy Agency (IEA) released it most alarming flagship report, Net Zero by 2050 A Roadmap for the Global Energy Sector. While offering a pathway to reversing carbonization, the Report stresses that existing […]
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One of the many flaws of mainstream economics is its systemic allergy to competing paradigms. My book Macroeconomics: An Introduction (2021) treats this problem by providing readers not only with an alternative paradigm but also with a critique of mainstream economics. The alternative paradigm draws on the ideas of Adam Smith, David Ricardo, Karl Marx, […]
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Since the publication of Indigenous Peoples and International Trade there has been a number of notable international legal economic instruments incorporating provisions relevant for Indigenous Peoples, The Indigenous Peoples Economic and Trade Cooperation Arrangement (IPETCA), endorsed by Australia, Canada, New Zealand and Taiwan in late 2021, is the first multilateral economic instrument dedicated to Indigenous […]
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After the extensive support to monetary and financial sectors in the aftermath of the global financial crisis and then during the Covid-19 pandemic, central bankers are now faced with the difficult task of engineering a controlled re-entry to the normal cycle of demand management. As we can all begin to see, the two-year interruption to […]
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