November 2008, Queen Elizabeth visited the London School of Economics and asked why no economist saw the financial crisis coming. Since that exchange, the realisation has dawned on many that it is the discipline of economics itself that is the problem. Until economics is fixed, mainstream economists will continue to fly blind. And we will continue to foot the bill. Economist and author of ‘Doughnut Economics’, Kate Raworth, calls for ‘an economics reformation’.
Even those who don’t believe in climate change must see that our fragile environment is getting battered from current economic arrangements.
Dr Ha-Joon Chang explains why there really isn’t any such thing as a free market.
How can countries implement independent policies amidst the wave of the globalisation mantra? We ask Prof Herman Daly.