Difference between revisions of "10 economic myths we do not need"

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We need a more social, ‘real world’ idea of economics. People are asking for change now and in universities students are protesting against the old ideas they are teaching. This is why we are presenting 10 of the worst economic myths and ideas that we really must change.
 
We need a more social, ‘real world’ idea of economics. People are asking for change now and in universities students are protesting against the old ideas they are teaching. This is why we are presenting 10 of the worst economic myths and ideas that we really must change.
  
The 10 economic myths will be online in December.
 
  
 
'''NOW READ THE ORIGINAL''': http://newint.org/features/2015/12/01/economic-myths-introduction/
 
'''NOW READ THE ORIGINAL''': http://newint.org/features/2015/12/01/economic-myths-introduction/

Latest revision as of 15:10, 3 January 2016

10 economic myths we do not need

A short introduction by Dinyar Godrej and David Ransom

myths-590.jpg

© Juha Sorsa

Old ideas are very powerful. In very difficult times we often want to keep those ideas.

In today’s economics, the strongest idea is the rule of the market. People who believe in the rule of the market say that regulation, workers’ rights, and public ownership are the problems. They think individual responsibility is more important than the public good. This economic idea is called neoliberalism. ‘neo’ means new and neoliberalism is a 20th/21st-century view of the 18th-century school of liberal economics which wanted manufacturing and trade free from government control. It is a popular idea when there is a small group of people in power. But it has no solutions for the economic crashes we have seen in recent years.

We need a more social, ‘real world’ idea of economics. People are asking for change now and in universities students are protesting against the old ideas they are teaching. This is why we are presenting 10 of the worst economic myths and ideas that we really must change.


NOW READ THE ORIGINAL: http://newint.org/features/2015/12/01/economic-myths-introduction/

(This article has been simplified so the words, text structure and quotes may have been changed).