How can an economy be both sustainable and just? Conflicting suggestions are made in this lively - and at times heated - discussion between Feasta's Brian Davey and Financial Times chief economics commentator Martin Wolf.
This book is well worth reading if you're interested in how the Eurozone got into such a mess, although it ignores a very important source of financial instability - the relationship between money and energy - and it paints an overly rosy picture of the role that the US has played in the global economy over the past century. By Caroline Whyte.
This 2003 article by Andy Storey identifies and critiques the priorities of the EU - a very useful overview given the current events in Greece and the TAFTA negotiations. He writes that "in many important respects, and to a growing extent, the emperor that is the European social project has no clothes - it is time to point out this nakedness and to begin the task of rebuilding European regionalism. Such a reconstituted regional model could then also become a building block of a more humane and just global order."
Banks create money out of nothing when they extend loans and then charge borrowers interest on this newly created capital. The result is an ongoing multi-billion pound/ dollar subsidy breaking the basic rules of capitalism. What is perhaps even more surprising is that there appears to be no explicit description of the 'bargain' underlying this important arrangement. By Graham Barnes.
How should the Greek government approach its mandate to end austerity? What pitfalls need to be avoided? Brian Davey has some suggestions.
Patrick Noble provides a glimpse of how the future economy could look along with some unusual ideas about how we might get there. Might the transition to a community-focused, renewable-energy-based economy be "less the great revolt and more the return of ordinary lives"?