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John Maynard Keynes keeps a main influence on the current economic thinking. Even if the neo-liberal movement dominated over the last decades, the Keynesian ideas remain enduring, especially at times of recession. When the subprime mortgage crisis started, it was...
One could almost get the impression that the storyline of the global economic and financial crisis of 2008/9 is forgotten. Questions of bank regulation and financial sector oversight are hardly discussed in public anymore and legislative efforts to rein in speculative...
Greece is facing an economic and social disaster, the result of its so-called rescue by the "troika" of the EU, the International Monetary Fund and the European Central Bank. Greece must change course to avoid a grim future for its people: it must default on its debt...
EU ministers have delayed payment of an €8bn loan disbursal to Greece after the PASOK government admitted it would not meet deficit targets. Without the money, the Greek state may not be able to pay its workers over the next month. These targets were set as part of...
The various mechanisms evolved through global negotiations to deal with shared environmental problems, such as climate change, fall short because they are not located within a larger debate on dealing with human well-being and instead focus only on limiting damage....
Glimpses of clear sunlight in a long winter only indicate that summer is possible, but are not summer itself (not even spring). The Alternative Information Development Centre (AIDC) welcomes that the government’s New Growth Path (NGP) document recognizes the hard...
To add to the debate regarding workers demanding above inflationary increases in the Business Day with a rebuttle by the deputy governor of the South African Reserve Bank (SARB) – this short response by Dick Forslund and Mazibuko Jara was not published. At the end of...
By Dick Forslund and Mazibuko Jara20 September 2010At any rise in aggregate demand, the Bank increases interest rates.Last week, the Reserve Bank waded into the battles between workers and employers over wage demands. Its monetary policy statement expressed concern...
By Faranaaz Parker07 September 2010The latest research from the University of Cape Town's Health Economics Unit has found that spending on the national health insurance system (NHI) would roughly match what the government currently spends on healthcare. This is...