Debunking Austerity
Austerity in the UK: Senseless and Cruel
As the UK recorded its first current budget surplus in 16 years, the IMF was quick to use this development as sufficient proof to declare the austerity measures, imposed by
Economic Questions
YSI’s Community Blog
Myths of Econ 101
Buying Power: an often neglected, yet essential concept for economics
Buying power is a concept that is absent from basic economic theory, and this has major implications both for theory and for the practical issues that we face. This absence
(Un)employment
It’s Time to Guarantee Jobs
The first half of the twentieth century was a challenging time for economics. The Great Depression wiped out incomes, investments, and most importantly, optimism. But when the traditional laissez-faire approach
Global Economy
International Trade and Globalization: Are Benefits Truly Mutual?
By Aabid Firdausi. The euphoria around international trade and the general consensus regarding capitalism’s inevitable sustenance among countries of the Global South is at least partly due to the
(Un)employment
How Progressives Can Win Big: Casting out the Spirit of Defeatism, One Keystroke at a Time
By Steve Grumbine. Progressives Trigger warning: Compassion required. When is the last time you heard Greens, Berniecrats or Indie voters not acknowledge the distinct and pressing need for election
Book Reviews
PostCapitalism: A Guide to Our Future
By Hannah Temple. It is difficult to get through a day without encountering the idea that we as a species and a planet are at some kind of a tipping
(Un)employment
Don’t Be Afraid of Robots: Technology is What We Make of It
Rapid technological change, if it is even happening, does not necessarily need to lead to mass unemployment or even major disruptions in people’s lives. In all cases, new technology is
Myths of Econ 101
The Neoliberal Tale
“The tide of Totalitarianism which we have to counter is an international phenomenon and the liberal renaissance which is needed to meet it and of which first signs can be
(Un)employment
Reimagining “Right-to-Work”
“Everyone has the right to work, to free choice of employment, to just and favorable conditions of work and to protection against unemployment.” This is Article 23 of the Universal
(Un)employment
Why You’re Not Getting a Raise
By Nikos Bourtzis. Much of the developed world has experienced stubbornly low real wage growth since the financial crisis of 2007. Currently, the British people are seeing their earnings
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Aabid Firdausi
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