In the first instalment of this set of posts on the conception of economic commodities, I discussed the standard economic market approach to commodities: Commodities are determined fully by their market properties. This is rather limiting view of the important concept of economic commodities. It seems more logical and productive to have a property-based conception…
Category: Political economy
Crisis (in) management
The global Corona pandemic has now resulted in a collapse of GDP in many countries. Recently, it was reported that UK GDP reduced by 20.4% in the month of April. What surprises is the reaction to this. Some economic commentators reacted in panicky terms to this news and talk about the economy dropping off a…
A missed opportunity: The Corona crisis and the reformation of the global economy
A number of recent videos uploaded on YouTube on the effects of the Corona crisis on the global economy and the state of political economy to deal with this crisis. Is the reaction to the corona crisis by the governments a missed opportunity for global economic reform? PS An interesting article on the missed opportunity…