IT is obviously silly to push for austerity in the midst of a recession, not just silly but cruel, since it prolongs the pain of unemployment. The recession is caused by a deficiency of aggregate demand. To overcome it what is necessary is an increase in demand which...
In ‘The Grapes of Wrath’, John Steinbeck’s novel about the Great Depression, Tom Joad, the novel’s central character, a man who has been made poor and who is on the run from the law, tells his mother in the climactic scene that: ‘I been thinking about us,...
The Occupy Wall Street movement has captured much the nation’s attention with a clear message: A U.S. economy driven by the interests of business and the wealthy has generated increasingly unequal economic outcomes where the top 1 percent did exceptionally well but...
The South African government is planning to order six nuclear reactors at an estimated cost of R1 trillion. What would the consequences of this be?Before we can understand this, we need to have some other plan to compare it to, which requires an understanding of how...
The most popular techno-fix for global warming is green energy. If energy companies would only deploy wind, hydro, solar, geothermal or nuclear, then emission-intensive fossil fuels will eventually disappear. But will that actually work? A new study by Richard York of...
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