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Economics vs. the Economy

June 23, 2015

Economic theories, though social constructions, can reflect reality to varying degrees. In the face of dire environmental challenges, adopting a realistic theory is key to the survival of global civilization. The neoliberal emphasis on limitless growth and monetary flows,...


Pope Francis Rides an Encyclical

June 18, 2015

This could be big. Religious and ethical impulses are powerful shapers of human behavior. That’s why, here in the US, corporate leaders long ago found ways to use religion to promote the notions that extreme economic inequality is perfectly...


Review: Afterburn by Richard Heinberg

May 22, 2015

Afterburn: Society Beyond Fossil Fuels By Richard Heinberg 205 pp. New Society Publishers – Apr. 2015. $18.95. Review by Frank Kaminski, originally published at Mud City Press Richard Heinberg’s studies into energy resources began with one of the grand,...


The IMF Tells a Half-Truth

May 20, 2015

On May 18 the International Monetary Fund (IMF) published a report titled “How Large are Global Energy Subsidies?” The question is a bit misleading: most readers, when they see the word subsidy, probably tend to think of tax breaks...