Pub Date : 2020-04-04DOI: 10.1080/05775132.2020.1747727
R. Benedikter
Abstract Many talk about the profound change religion is undergoing. A good part of this change is due to digitization. With regard to religion, “change” could be perceived as a paradox though. By its very nature, religion has been conceived as unchangeable because related to an ultimate, invariable source. Technology and digitization suggest, by their nature, the exact opposite: rapid change and “total” innovation with few inhibitions. So is the current dawn of a “digitized religion” a contradiction in itself, just a fake, a business model—or more?
{"title":"The Dawn of Digitized Religion: A New Business Model—Or More?","authors":"R. Benedikter","doi":"10.1080/05775132.2020.1747727","DOIUrl":"https://doi.org/10.1080/05775132.2020.1747727","url":null,"abstract":"Abstract Many talk about the profound change religion is undergoing. A good part of this change is due to digitization. With regard to religion, “change” could be perceived as a paradox though. By its very nature, religion has been conceived as unchangeable because related to an ultimate, invariable source. Technology and digitization suggest, by their nature, the exact opposite: rapid change and “total” innovation with few inhibitions. So is the current dawn of a “digitized religion” a contradiction in itself, just a fake, a business model—or more?","PeriodicalId":88850,"journal":{"name":"Challenge (Atlanta, Ga.)","volume":"7 1","pages":"165 - 176"},"PeriodicalIF":0.0,"publicationDate":"2020-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86955077","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-04-02DOI: 10.1080/05775132.2020.1747728
P. Dorman
Abstract The Green New Deal, an attractive agenda of increased investment in energy efficiency and renewable energy sources, is not remotely sufficient to stabilize global warming at a non-catastrophic level. Such a policy needs to be accompanied by direct measures to curtail the use of fossil fuels, although this may complicate the intended messaging.
{"title":"The Climate Crisis and the Green New Deal: The Issue is the Issue, after All","authors":"P. Dorman","doi":"10.1080/05775132.2020.1747728","DOIUrl":"https://doi.org/10.1080/05775132.2020.1747728","url":null,"abstract":"Abstract The Green New Deal, an attractive agenda of increased investment in energy efficiency and renewable energy sources, is not remotely sufficient to stabilize global warming at a non-catastrophic level. Such a policy needs to be accompanied by direct measures to curtail the use of fossil fuels, although this may complicate the intended messaging.","PeriodicalId":88850,"journal":{"name":"Challenge (Atlanta, Ga.)","volume":"4 1","pages":"219 - 233"},"PeriodicalIF":0.0,"publicationDate":"2020-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83025499","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-03-11DOI: 10.1080/05775132.2020.1736254
Mary T G Findling, R. Blendon, J. Benson
Abstract This analysis of a recent probability based poll analyzes the differences in life experiences between adults living in the top 1% highest income U.S. households compared with middle- and lower-income U.S. adults. We discuss their implications for the future: (1) The top 1% do not share the same serious problems facing middle- and lower-income Americans. (2) In health care, the top 1% often do not experience access- and cost-related problems facing middle- and lower-income Americans. (3) Despite the strong U.S. economy, there are significant levels of financial insecurity and anxiety about the future among many middle-income Americans.
{"title":"The Impact of Income Inequality on Americans’ Experiences","authors":"Mary T G Findling, R. Blendon, J. Benson","doi":"10.1080/05775132.2020.1736254","DOIUrl":"https://doi.org/10.1080/05775132.2020.1736254","url":null,"abstract":"Abstract This analysis of a recent probability based poll analyzes the differences in life experiences between adults living in the top 1% highest income U.S. households compared with middle- and lower-income U.S. adults. We discuss their implications for the future: (1) The top 1% do not share the same serious problems facing middle- and lower-income Americans. (2) In health care, the top 1% often do not experience access- and cost-related problems facing middle- and lower-income Americans. (3) Despite the strong U.S. economy, there are significant levels of financial insecurity and anxiety about the future among many middle-income Americans.","PeriodicalId":88850,"journal":{"name":"Challenge (Atlanta, Ga.)","volume":"198 1","pages":"156 - 164"},"PeriodicalIF":0.0,"publicationDate":"2020-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78995581","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-03-03DOI: 10.1080/05775132.2020.1729589
A. Novello
In the media, it is widely accepted the U.S. economy is strong. But growth has been modest under Trump, about the same rate as in the Obama presidency. The promised 3 to 4 of Donal; Trump is not coming. Indicators like the unemployment rate, in truth, tell us far too little. Mike MccCormack and Amanda Novello tell us the American economy has serious underlying problems including weak productivity and investment, and unequal wage growth. The economy’s future is in question, the authors elaborate in this valuable piece. Genuine threats to democracy in rich and developing nations are unambiguously on the rise. Dictatorial tendencies seem everywhere. To many, this is a political issue of disaffected people complicated by immigration. But Oren M. Levin-Waldman believes the main threats to democracy are globalization and income inequality. He makes a strong and disturbing case. John Komlos argues that across-the-board tax cuts, such as the Reagan tax cuts of 1981 and 1986, generate inequality on a very large scale. The windfall of additional money to the superrich is an order of magnitude greater than that of the rest of the society even if in percentage terms it is smaller. It is increasingly clear that there is “no natural, spontaneous process to prevent destabilizing, inegalitarian forces from prevailing permanently” (Piketty 2014, 21). We demonstrated with a straightforward model of how an across-the-board tax cut generates large-scale inequality. The great continent of Africa is showing signs of true economic growth and prospects for improved incomes for tens of millions. But is it a dream? Our author says there is reason for optimism. Some observers see Africa as an enigma. But Thorvaldur Gylfason says there is nothing to suggest that Africa was not meant to provide a good life for its masses. In fact, today Africa is making relatively rapid economic progress. Here is how he sees its prospects. And economist Gerald Epstein has written an important book on Federal Reserve policy that our reviewer Edwin Dickens finds seminal. In The Political Economy of Central Banking: Contested Control and the Power of Finance, Epstein says the Fed is too much under the control of the banks.
{"title":"Letter from the Editor","authors":"A. Novello","doi":"10.1080/05775132.2020.1729589","DOIUrl":"https://doi.org/10.1080/05775132.2020.1729589","url":null,"abstract":"In the media, it is widely accepted the U.S. economy is strong. But growth has been modest under Trump, about the same rate as in the Obama presidency. The promised 3 to 4 of Donal; Trump is not coming. Indicators like the unemployment rate, in truth, tell us far too little. Mike MccCormack and Amanda Novello tell us the American economy has serious underlying problems including weak productivity and investment, and unequal wage growth. The economy’s future is in question, the authors elaborate in this valuable piece. Genuine threats to democracy in rich and developing nations are unambiguously on the rise. Dictatorial tendencies seem everywhere. To many, this is a political issue of disaffected people complicated by immigration. But Oren M. Levin-Waldman believes the main threats to democracy are globalization and income inequality. He makes a strong and disturbing case. John Komlos argues that across-the-board tax cuts, such as the Reagan tax cuts of 1981 and 1986, generate inequality on a very large scale. The windfall of additional money to the superrich is an order of magnitude greater than that of the rest of the society even if in percentage terms it is smaller. It is increasingly clear that there is “no natural, spontaneous process to prevent destabilizing, inegalitarian forces from prevailing permanently” (Piketty 2014, 21). We demonstrated with a straightforward model of how an across-the-board tax cut generates large-scale inequality. The great continent of Africa is showing signs of true economic growth and prospects for improved incomes for tens of millions. But is it a dream? Our author says there is reason for optimism. Some observers see Africa as an enigma. But Thorvaldur Gylfason says there is nothing to suggest that Africa was not meant to provide a good life for its masses. In fact, today Africa is making relatively rapid economic progress. Here is how he sees its prospects. And economist Gerald Epstein has written an important book on Federal Reserve policy that our reviewer Edwin Dickens finds seminal. In The Political Economy of Central Banking: Contested Control and the Power of Finance, Epstein says the Fed is too much under the control of the banks.","PeriodicalId":88850,"journal":{"name":"Challenge (Atlanta, Ga.)","volume":"32 1","pages":"59 - 59"},"PeriodicalIF":0.0,"publicationDate":"2020-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89930541","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-03-03DOI: 10.1080/05775132.2019.1702267
Thorvaldur Gylfason
Abstract The great continent of Africa is showing signs of true economic growth and prospects for improved incomes for tens of millions. But is it a dream? Our author says there is reason for optimism.
{"title":"Africa’s Growth Prospects are Good","authors":"Thorvaldur Gylfason","doi":"10.1080/05775132.2019.1702267","DOIUrl":"https://doi.org/10.1080/05775132.2019.1702267","url":null,"abstract":"Abstract The great continent of Africa is showing signs of true economic growth and prospects for improved incomes for tens of millions. But is it a dream? Our author says there is reason for optimism.","PeriodicalId":88850,"journal":{"name":"Challenge (Atlanta, Ga.)","volume":"14 4 1","pages":"106 - 98"},"PeriodicalIF":0.0,"publicationDate":"2020-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83412875","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-03-03DOI: 10.1080/05775132.2019.1704980
E. Dickens
{"title":"The Political Economy of Central Banking: Contested Control and the Power of Finance, Selected Essays of Gerald Epstein","authors":"E. Dickens","doi":"10.1080/05775132.2019.1704980","DOIUrl":"https://doi.org/10.1080/05775132.2019.1704980","url":null,"abstract":"","PeriodicalId":88850,"journal":{"name":"Challenge (Atlanta, Ga.)","volume":"227 1","pages":"107 - 112"},"PeriodicalIF":0.0,"publicationDate":"2020-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77624941","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-03-03DOI: 10.1080/05775132.2019.1705543
J. Komlos
Abstract The authors argue that across-the-board tax cuts, such as the Reagan tax cuts of 1981 and 1986, generate inequality on a very large scale. The windfall of money to the superrich is an order of magnitude greater than that of the rest of the society even if in percentage terms it is smaller. It is increasingly clear that there is “no natural, spontaneous process to prevent destabilizing, inegalitarian forces from prevailing permanently” (Piketty 2014, 21). We demonstrate with a straightforward model of how an across-the-board tax cut generates large-scale inequality.
{"title":"Across-the-Board Tax Cuts Generate Inequality","authors":"J. Komlos","doi":"10.1080/05775132.2019.1705543","DOIUrl":"https://doi.org/10.1080/05775132.2019.1705543","url":null,"abstract":"Abstract The authors argue that across-the-board tax cuts, such as the Reagan tax cuts of 1981 and 1986, generate inequality on a very large scale. The windfall of money to the superrich is an order of magnitude greater than that of the rest of the society even if in percentage terms it is smaller. It is increasingly clear that there is “no natural, spontaneous process to prevent destabilizing, inegalitarian forces from prevailing permanently” (Piketty 2014, 21). We demonstrate with a straightforward model of how an across-the-board tax cut generates large-scale inequality.","PeriodicalId":88850,"journal":{"name":"Challenge (Atlanta, Ga.)","volume":"7 1","pages":"90 - 97"},"PeriodicalIF":0.0,"publicationDate":"2020-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75477025","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-02-06DOI: 10.1080/05775132.2020.1723289
D. Ellerman
Abstract Corporations have been getting a bad rap lately. Many blame “corporations” for a litany of ills that, upon closer examination, should be blamed on other institutions. Our goal is to analyze a miscellany of fallacies concerning the Citizens United case, corporate personhood, the stakeholder theory, the affected interests principle, and finally ending with the deeper fallacies concerning the rights of capital that are embedded in the conventional economic theories of capital and corporate finance. In the last analysis, there is another institution that arguably is more at the root of the problems in the current economic system.
{"title":"Fallacies of Corporate Analysis","authors":"D. Ellerman","doi":"10.1080/05775132.2020.1723289","DOIUrl":"https://doi.org/10.1080/05775132.2020.1723289","url":null,"abstract":"Abstract Corporations have been getting a bad rap lately. Many blame “corporations” for a litany of ills that, upon closer examination, should be blamed on other institutions. Our goal is to analyze a miscellany of fallacies concerning the Citizens United case, corporate personhood, the stakeholder theory, the affected interests principle, and finally ending with the deeper fallacies concerning the rights of capital that are embedded in the conventional economic theories of capital and corporate finance. In the last analysis, there is another institution that arguably is more at the root of the problems in the current economic system.","PeriodicalId":88850,"journal":{"name":"Challenge (Atlanta, Ga.)","volume":"58 1","pages":"133 - 155"},"PeriodicalIF":0.0,"publicationDate":"2020-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75301232","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-02-04DOI: 10.1080/05775132.2019.1705006
Luiz Carlos Bresser-Pereira
Abstract New Developmentalism is a theoretical framework being defined since the early 2000s searching to understand why most middle-income countries are falling behind the East Asian ones. It is a political economy and a development macroeconomics that originates from development economics and Post-Keynesian Macroeconomics. It argues that fast growth and catching up have been associated to developmentalism, not to economic liberalism. It defines the developmental state as the one that not only is engaged in industrial policy but also manages actively the five macroeconomic prices–mainly the interest and the exchange rate to keep competitive economically the companies that are technically efficient. New developmentalism is critical of fiscal indiscipline, while defends countercyclical fiscal policy, and is strongly critical of current account, arguing that growth is made at home. It has a new model of the Dutch disease from which is possible to deduce the means to neutralize it and achieve economic competitiveness.
{"title":"A New Theoretical Framework: New Developmentalism","authors":"Luiz Carlos Bresser-Pereira","doi":"10.1080/05775132.2019.1705006","DOIUrl":"https://doi.org/10.1080/05775132.2019.1705006","url":null,"abstract":"Abstract New Developmentalism is a theoretical framework being defined since the early 2000s searching to understand why most middle-income countries are falling behind the East Asian ones. It is a political economy and a development macroeconomics that originates from development economics and Post-Keynesian Macroeconomics. It argues that fast growth and catching up have been associated to developmentalism, not to economic liberalism. It defines the developmental state as the one that not only is engaged in industrial policy but also manages actively the five macroeconomic prices–mainly the interest and the exchange rate to keep competitive economically the companies that are technically efficient. New developmentalism is critical of fiscal indiscipline, while defends countercyclical fiscal policy, and is strongly critical of current account, arguing that growth is made at home. It has a new model of the Dutch disease from which is possible to deduce the means to neutralize it and achieve economic competitiveness.","PeriodicalId":88850,"journal":{"name":"Challenge (Atlanta, Ga.)","volume":"29 1","pages":"114 - 132"},"PeriodicalIF":0.0,"publicationDate":"2020-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79832909","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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