It is often quipped that economists base many of their theories on assumptions. The old joke is that should an economist be stranded on a desert island, he will merely assume that a boat is available and quickly depart from the island. Indeed, whilst analytically comparing Keynesian and neo-liberal ...

The Manichaean character of economics. Charles Kindleberger. Abstract: Economics is said to have adopted a certain degree of dualism. None of its tenets have been absolute in terms of social effectivity. To survive in an economic ...

Financial Crisis The financial distress of the last two decades has revived interest on the question of the stability of the financial system. On the one hand, the "pessimist" view, associated primarily with Minsky argues that not only that the financial system is prone to such crises ("financial...

Are multinational companies really taking power away from nation states in some sweeping processes of 'globalisation'?"The implications for the ability of nation states to exercise political and economic control over this trans-national economy are clear, they would be at the mercy of automated and ...

In looking for ways to start this review over the book In The Shadow Of The Garrison State, I ran across and excerpt of a review by the publisher of the book a professor with the Princeton University Press in which he states "War--or the threat of war--usually strengthens states as governments tax, ...

In looking for ways to start this review over the book In The Shadow Of The Garrison State, I ran across and excerpt of a review by the publisher of the book a professor with the Princeton University Press in which he states "War--or the threat of war--usually strengthens states as governments tax, ...