Nov 20, 2016 Comments Off on Living in Unpredictable Times
Brian Davey argues that in many aspects of life one can turn a story upside down or reverse cause and effect and it will still be plausible. Moreover, things that don't fit into the prevailing narrative are often downplayed or ignored. The coming bankruptcy of the energy sector is a crisis that mainstream economists will not be able to understand nor to solve. The faith that there will always be a techno fix and that continued growth is the normal state of affairs is likely to remain pervasive for a longest time - despite growing chaos.
Nov 15, 2016 Comments Off on Creating More Elbow Room
To mark the fifth anniversary of Feasta co-founder Richard Douthwaite's death, and in light of current world events, we're featuring this chapter from his book Short Circuit, which is perhaps even more relevant today than it was back in 1996. It discusses the pernicious effects of world trade at present and the need to move towards a more human economy, and then describes three new approaches that could be taken.
Nov 12, 2016 Comments Off on A Changing World – Coping in a crisis
Oct 15, 2016 Comments Off on Georgist Macro-Economics and the Land Value Tax
Brian Davey argues in Credo that the ideas of Henry George are still very relevant for economic theory. A site value tax would help to stabilise property market cycles and promote greater spatial efficiency. However, while helpful, market mechanisms like a site value tax will not, on its own, fully resolve the environmental crisis.
Oct 06, 2016 1 Comment
M King Hubbert, known as 'the father of peak oil,' was one of the first to question unlimited economic growth. "In his life and career you find the seeds of major environmental, socioeconomic and political challenges which we are still confronted with today, and which still need solving," writes Jacqueline Mathewes in this review of Mason Inman's biography.
Sep 29, 2016 Comments Off on Towards Climate Safety and Justice briefing report
This report summarises the outcomes from a two-day event on June 8 and 9 2016 that was organised by Feasta, Cultivate and Trócaire. It provided a briefing on CapGlobalCarbon - a campaign organised by members of Feasta's climate group - set it in the context of the commons, divestment and social justice, and generated ideas about how to implement it as part of a broader citizens' movement for a fair and sustainable transition from fossil fuels.
Sep 21, 2016 Comments Off on Marginal productivity theory
This chapter of Credo, by Brian Davey, describes the “marginal revolution” of neoclassical economics. The idea of marginal productivity and payments to “factors of production” was developed for ideological reasons to counter thinkers like Marx and George. The theoretical framework learned by generations of students is contradicted by the evidence. The ideas of capital and land in neoclassical economics are incoherent.
Sep 06, 2016 Comments Off on Who are the parasites? The radical implications of classical economics
Aug 30, 2016 Comments Off on Ecocide for climate safety: Setting up a system to Keep It In The Ground
Aug 14, 2016 Comments Off on Fantasies of “Socialism with an iPad”?: Inventing the Future by Nick Srnicek and Alex Williams: Review
Jul 31, 2016 Comments Off on The centrality of externalities to economic thinking
Brian Davey argues in Credo that what economists call “externalities” are not unusual or a special case, they are ubiquitous. They are rooted in private property and the relationships of market society. The way in which non market societies protect bio-diversity through totem arrangements is described.
Jul 22, 2016 Comments Off on The “regulation” of unconventional gas
This presentation by Brian Davey, made in July 2016 on behalf of Frack Free Notts, outlines the problems with the regulatory structure for unconventional gasfield development in the UK. It discusses the problem of “regulatory capture” by the industry, deceptive PR, the selective recognition of ‘experts’ and siloing of different aspects of safety (such as the environment and health).
Jul 13, 2016 Comments Off on Designing an Intentional Currency