by REFunding Economics
As the old saying goes, ‘He who pays the piper calls the tune’. This week, a coalition of economics students, academics and campaigners gathered to get inside the piper-paying process – the funding of economics research – to create an economics fit for the real world.
by Toby Gill
Part of a new series exploring the concept and consequences of ‘free trade’ from a variety of perspectives. (Part 1 can be found here and part 2 can be found here.)
‘World peace’ is a staple for utopian theorists, science fiction writers, and beauty pageant winners. Sadly, an end to all international conflict still seems like a very distant dream. However, when it comes to war, for the last 60 years there has most definitely been an elephant in the room. Why are we all getting on so well?
Of course this is to say nothing of civil wars, hybrid wars, and grassroots violence, all of which remain (sadly) rife. But when it comes to wars between states, especially between great powers, we are living in the most peaceful era in recorded history. This is even more impressive considering that many were worried a third world war would immediately follow the second. So what’s going on?Continue Reading
by James Anthony
Our society is governed by market forces. You can hardly sit through a news broadcast without the mention of stocks and shares, commodity prices or talk of the single market in relation to Brexit. It’s very easy to forget that markets are real, physical institutions that pop up around towns and cities across the country, sadly written off by many consumers in favour of large, corporate run supermarkets.Continue Reading
by Toby Gill
Part of a new series exploring the concept and consequences of ‘free trade’ from a variety of perspectives. (Part 1 can be found here: How to Hunt the Stag: Power, Blackmail and Exploitation)
Let’s suppose I am the editor of a brilliant and highly successful politics and arts magazine (ahem). My magazine is so utterly brilliant that I believe it’s time to break into an international market. I’m aiming big – I want to sell my magazine in China. However, all manner of obstacles lie in my way. Firstly, there is the physical distance – my magazines have to reach the other side of the world. Next, I would need to alter the magazine to comply with Chinese laws and regulations (which could be completely unrecognisable, even if they weren’t written in a different language). Then I require the local infrastructure to advertise my product, a shop to sell it from, and local workers to operate this shop. Each of these steps will also require a translator, as will the translation of my magazine itself. I also need the Chinese State not to have any subsidies for local magazines that price me out of the market, nor quotas which restrict my sales. Finally, even once all this has been achieved, cultural differences may render my once gripping magazine totally uninteresting to locals.
In short, my magazine isn’t going to sell many Chinese copies any time soon.Continue Reading
by Carmina Masoliver
In Córdoba, for two weeks at the end of May and spanning across two weekends, there is a massive fair that is so big you really have to experience it for yourself. We were even given two days off work to enjoy the festivities. I went for a total of five days.
The festival is rooted in honour of Nuestra Señora de la Salud (Our Lady of Health), and started as an old livestock market. In 2017, it included over a hundred casetas, where everyone comes to eat, drink, and dance. It attracts all ages, and also has a fairground with an impressive selection of rides and roller-coasters, plus sticks of candy floss nearly as big as me.Continue Reading
by Edward Sudall
Economics in the west and UK is dominantly neoclassical. Other schools of economics are ignored to such a degree that they are mostly unknown to the voting public – who too often generalise economics as merely The City. Alternatives are rare even among education courses – often tokens.
This narrowness endangers human development because the failings of the neoclassical style of economics can be corrected by integration of alternatives. It skews politics also: the economy (that is the neoclassical one) is used as an inarguable defence for political policy, supported by the contradictory argument that economics is apolitical. Neoclassical economics pretends to be a science, shunning the political economy moniker and parading incomprehensible statistics as evidence, but this is wrong. Neoclassical economics, like anything outside natural science, is based on complex value judgements intersecting with politics.Continue Reading
By Bradley Allsop
We’ve all seen the headlines – tripled tuition fees, retroactive changes to the student loan book, the nefarious uses of the National Student Survey. Often treated as isolated issues, these policies are in reality the foot soldiers in a war being waged to undermine the very foundations of our universities, twisting them from hallowed halls of challenge and transformation into bland centres for corporate training and indoctrination. This spectre haunts academics, senior managers and even Students’ Unions alike, forcing them all to dance to the mantra of the market, to the profit agenda. This spectre’s name is capitalism.