Disturbing to many of us in the academic world is that the push for laissez-faire "legitimacy" by its ideological advocates runs counter to more than 230 years of historical evidence.
Citizens United is as bad for libertarian causes as it is for social democracy causes. Neither can work in a political system where government is sold to the highest bidder and the bids have become so extremely high.
Given all these swords and all these shields (and all of our frustrating wars and all of the lives spent), the key question of the 2012 presidential election should be: Are we truly more secure now than we were twelve years ago?
Is the free market really free? Or does it come at the expense of civic values we neglect at our peril? That's one of many questions I found myself pondering after reading What Money Can't Buy by Michael J. Sandel.
The nature of 21st century international economic competition writ large is not about who can become the most laissez faire capitalist but who can forge optimal bi-sectoralist policy-market synergies.
President Obama's speech hit all the right notes. He provided a background and context for the debt challenge. And he laid the blame for this challenge squarely where it belongs.
It is sometimes argued that although free trade has some victims, its benefits exceed its costs, so it is possible for its winners to compensate its l...
Those of us who still have jobs pay taxes, so we should care about how our tax dollars influence our food systems. Because the State of the Food Union is not strong. But it could be.
For the better part of the last decade, environmental concerns were downplayed and ignored because the Bush Administration didn't want to hinder the operations of the energy industry.
In the United States, where bankers continue to rule the Obama administration's economic team, the idea of government teaming up with business to drive long-term innovation and growth is still struggling to gain attention.
Neoclassical economics must be replaced. Nobody can predict now the full scale of its radical replacement, and how beneficial would that replacement become, but its absence will surely be a tragedy.
For my entire adult life, I have watched free-market fundamentalists do their thing. They demonize government, run for government, capture government, then dismantle and privatize government.
We are no more insulated from a financial crisis today than we were one year ago. Congress has not changed a single rule, habit or practice to stop this economic calamity from happening again.
We must not allow the Blue Dogs to slow down President Obama's momentum or water down the sweeping reforms the nation needs in these trying economic times.
How is it possible to disprove anything more thoroughly than Supply Side economics, and all its attendant Laissez Faire excesses, have been disproved,...
The problems we face in food safety are familiar when viewing the unfolding financial crisis. We see cuts in agency budgets, weakening of regulations, and the fox being put in charge of the henhouse.
By and large the free-market medicine men seem determined to learn nothing from this awful year. Instead they repeat their incantations and retreat deeper into their dogma.
It's time to drive the final nail into the coffin of laissez faire capitalism. If not, the Dr. Frankensteins of the right will surely try to revive the monster and send it marauding through our economy once again.
The need to act and act forcefully is now. Obama realizes this, the American people realize this, Congress realizes this, and even Dubya has inkling that something is not right.
Let's start with a re-thinking our fundamental economic philosophy: capitalism. In order to run effectively over time, democracies need robust economic systems.