Pub Date : 2021-05-04DOI: 10.1080/05775132.2021.1932135
J. Komlos
Abstract In the view of Samuel Bowles and Wendy Carlin, macroeconomics 101 requires serious changes. They advocate instead the use of the new CORE textbook, The Economy, to which they contributed. The author suggests additional concepts to introduce to students at the beginning level for a balanced sense of the workings of the economic system, in this comprehensive analysis.
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Pub Date : 2021-05-04DOI: 10.1080/05775132.2021.1950448
R. Skidelsky, Dániel Oláh
Abstract The authors take a novel look at recent Hungarian economic policy achievements of Orban governments. Compared to the Hungarian economic policies of the 2000s and the decades after 1989 up to 2010, Orbanomics is a successful macroeconomic and social development strategy. Its measures are not simply improvisatory elements, but constitute a new framework of policymaking, what we call culturally embedded economic policymaking. Its political pedigree and context is briefly outlined. The past 10 years of Orbanomics provides an underresearched policy laboratory, in which the application of a wide-scale job guarantee program or a growth-friendly, inclusive stabilization building on the balanced budget multiplier can be studied.
{"title":"Full Employment, as the Hearth of the Cultural Economics of Orban","authors":"R. Skidelsky, Dániel Oláh","doi":"10.1080/05775132.2021.1950448","DOIUrl":"https://doi.org/10.1080/05775132.2021.1950448","url":null,"abstract":"Abstract The authors take a novel look at recent Hungarian economic policy achievements of Orban governments. Compared to the Hungarian economic policies of the 2000s and the decades after 1989 up to 2010, Orbanomics is a successful macroeconomic and social development strategy. Its measures are not simply improvisatory elements, but constitute a new framework of policymaking, what we call culturally embedded economic policymaking. Its political pedigree and context is briefly outlined. The past 10 years of Orbanomics provides an underresearched policy laboratory, in which the application of a wide-scale job guarantee program or a growth-friendly, inclusive stabilization building on the balanced budget multiplier can be studied.","PeriodicalId":88850,"journal":{"name":"Challenge (Atlanta, Ga.)","volume":"21 1","pages":"243 - 278"},"PeriodicalIF":0.0,"publicationDate":"2021-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87281833","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 : 2021-05-04DOI: 10.1080/05775132.2021.1950447
John Meszaros
Abstract The free-trade policy that has been dominant since the late 1960s has been criticized from across the political spectrum. Policymakers are starting to turn against the idea that the government can and should do nothing about trade. This article examines U.S. trade policy from the perspective of Friedrich List’s work The National System of Political Economy and argues that it is time for the U.S. to reexamine how trade has been conducted for the last 40 years.
自20世纪60年代末以来一直占主导地位的自由贸易政策受到了来自各个政治派别的批评。政策制定者开始反对政府在贸易问题上不能也不应该无所作为的观点。本文从弗里德里希·李斯特(Friedrich List)的著作《国家政治经济学体系》(the National System of Political Economy)的角度审视了美国的贸易政策,并认为美国是时候重新审视过去40年的贸易运作方式了。
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Pub Date : 2021-03-04DOI: 10.1080/05775132.2021.1912986
Dr. Vladimir A. Masch
Abstract In the twenty-first century, the goals of mankind are evolving from raising near-term prosperity to unlimited term sustainable survival of mankind in an acceptable state. This is bound to lead to a scientific revolution—a paradigm shift. A return to the generalized ideas of Keynes must be an integral part of that shift. I propose that the Keynes’s approach to economics must be complemented by imposing (Pigovian) taxes on negative externalities. The resulting “Balanced Keynesianism” (BK) in international trade is “Compensated Free Trade” (CFT), which should be unilaterally imposed by the US government on each of its mercantilist trading partners. It easily wins in comparison with other proposed methods of cutting the trade deficit. Under CFT, a limit is imposed on export revenues of each trading partner. As we shall see, it is the only methodology that allows large-scale and fast US deficits cutting, while automatically preventing trade wars and repercussions. CFT allows having the nation-state, democracy, and globalization at the same time.
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Pub Date : 2021-03-04DOI: 10.1080/05775132.2021.1932380
J. Madrick
Is it over, asks Tom Petterson. As Donald Trump blackened Washington on his way out of town, pundits lauded the end of Trumpism’s hold on the Republican Party. What they failed to see is that Trumpism is merely a reckless version of what Republicanism has been for some time. In the twenty-first century, the goals of mankind are evolving from raising near-term prosperity to unlimited term sustainable survival of mankind in an acceptable state. This is bound to lead to a scientific revolution—a paradigm shift. A return to the generalized ideas of Keynes must be an integral part of that shift. Vladmir Masch proposes that the Keynes’s approach to economics must be complemented by imposing (Pigovian) taxes on negative externalities. The resulting “Balanced Keynesianism” (BK) in international trade is “Compensated Free Trade” (CFT), which should be unilaterally imposed by the US government on each of its mercantilist trading partners. It easily wins in comparison with other proposed methods of cutting the trade deficit. Under CFT, a limit is imposed on export revenues of each trading partner. As we shall see, it is the only methodology that allows large-scale and fast US deficits cutting, while automatically preventing trade wars and repercussions. CFT allows having the nation-state, democracy, and globalization at the same time. Recent studies show that inadequate knowledge and understanding about the SARS-CoV2 and COVID-19 by many people has contributed significantly to fueling the conspiracy theories and misinformation about the pandemic. This challenge further impacts people’s behavior against public health guidelines in observing social distancing, wearing a facial mask, or self-isolation if exposed to imminent threats. Our authors, use visual presentation and theoretical narratives to explain the science and conceptual structure of SARS-CoV-2 and COVID-19. The paper also shows a visualization of the connections between the ongoing pandemic and previous coronavirus outbreaks and epidemics. Cooperatively operated businesses, where worker-owners vote democratically on the direction of the enterprise, represents an alternative to the prevailing capitalist model of employer ownership. Mondragon, one of the most famous cooperative businesses, was incubated from a technical college. Despite this precedent, trade education seems to be underappreciated in the national movement for cooperative enterprise. Our authors sketch an institutional design for teacher-owned technical colleges that foster student engagement in cooperative enterprise. Practical challenges to the cooperative technical college are also briefly addressed. Cleomar Gomes da Silva and Albert Fishlow investigate the policies adopted by Brazil after the 2008 financial crisis. It was called the New Macroeconomic Matrix (NMM). They to detail the main measures related to NMM; analyze what causes the Great Brazilian Recession was caused by internal factors (NMM actions) or by external factors; a
结束了吗?汤姆·彼得森问。当唐纳德·特朗普(Donald Trump)在离开华盛顿的路上抹黑华盛顿时,专家们称赞特朗普主义(Trumpism)对共和党的控制结束了。他们没有看到的是,特朗普主义只不过是一段时间以来共和党主义的鲁莽版本。在21世纪,人类的目标正在从提高短期繁荣发展到人类在可接受状态下的无限期可持续生存。这必然会导致一场科学革命——一种范式的转变。回归凯恩斯的广义思想必然是这一转变不可或缺的一部分。弗拉基米尔•马什(vladimir Masch)提出,必须通过对负外部性征收(庇古式的)税来补充凯恩斯的经济学方法。由此产生的国际贸易中的“平衡凯恩斯主义”(BK)就是“补偿自由贸易”(CFT),这应该由美国政府单方面强加给其每一个重商主义贸易伙伴。与其他削减贸易逆差的拟议方法相比,它很容易获胜。在CFT下,每个贸易伙伴的出口收入都受到限制。正如我们将看到的,这是唯一一种允许美国大规模、快速削减赤字,同时自动防止贸易战及其后果的方法。CFT允许同时拥有民族国家、民主和全球化。最近的研究表明,许多人对SARS-CoV2和COVID-19的认识和理解不足,在很大程度上助长了关于大流行的阴谋论和错误信息。这一挑战进一步影响了人们违反公共卫生准则的行为,如保持社交距离、戴口罩或在面临迫在眉睫的威胁时进行自我隔离。我们的作者使用视觉呈现和理论叙述来解释SARS-CoV-2和COVID-19的科学和概念结构。该论文还展示了正在进行的大流行与以前的冠状病毒爆发和流行病之间的联系的可视化。在合作经营的企业中,工人所有者对企业的发展方向进行民主投票,这代表了雇主所有制的主流资本主义模式的另一种选择。蒙德拉贡是最著名的合作企业之一,由一所技术学院孵化而成。尽管有这样的先例,但在全国合作企业运动中,贸易教育似乎被低估了。本文作者提出了一种促进学生参与合作企业的师专制度设计。并简要论述了合作技术学院面临的现实挑战。Cleomar Gomes da Silva和Albert Fishlow调查了巴西在2008年金融危机后采取的政策。它被称为新宏观经济矩阵(NMM)。他们详细介绍了与NMM有关的主要措施;分析导致巴西大衰退的原因是由内部因素(NMM行动)还是由外部因素引起的;以及接下来的十年是否真的是巴西失去的十年。我们得出结论,NMM措施在巴西大衰退中发挥了重要作用,2010年代可以被描述为巴西经济失去的十年。
{"title":"Letter from the Editor","authors":"J. Madrick","doi":"10.1080/05775132.2021.1932380","DOIUrl":"https://doi.org/10.1080/05775132.2021.1932380","url":null,"abstract":"Is it over, asks Tom Petterson. As Donald Trump blackened Washington on his way out of town, pundits lauded the end of Trumpism’s hold on the Republican Party. What they failed to see is that Trumpism is merely a reckless version of what Republicanism has been for some time. In the twenty-first century, the goals of mankind are evolving from raising near-term prosperity to unlimited term sustainable survival of mankind in an acceptable state. This is bound to lead to a scientific revolution—a paradigm shift. A return to the generalized ideas of Keynes must be an integral part of that shift. Vladmir Masch proposes that the Keynes’s approach to economics must be complemented by imposing (Pigovian) taxes on negative externalities. The resulting “Balanced Keynesianism” (BK) in international trade is “Compensated Free Trade” (CFT), which should be unilaterally imposed by the US government on each of its mercantilist trading partners. It easily wins in comparison with other proposed methods of cutting the trade deficit. Under CFT, a limit is imposed on export revenues of each trading partner. As we shall see, it is the only methodology that allows large-scale and fast US deficits cutting, while automatically preventing trade wars and repercussions. CFT allows having the nation-state, democracy, and globalization at the same time. Recent studies show that inadequate knowledge and understanding about the SARS-CoV2 and COVID-19 by many people has contributed significantly to fueling the conspiracy theories and misinformation about the pandemic. This challenge further impacts people’s behavior against public health guidelines in observing social distancing, wearing a facial mask, or self-isolation if exposed to imminent threats. Our authors, use visual presentation and theoretical narratives to explain the science and conceptual structure of SARS-CoV-2 and COVID-19. The paper also shows a visualization of the connections between the ongoing pandemic and previous coronavirus outbreaks and epidemics. Cooperatively operated businesses, where worker-owners vote democratically on the direction of the enterprise, represents an alternative to the prevailing capitalist model of employer ownership. Mondragon, one of the most famous cooperative businesses, was incubated from a technical college. Despite this precedent, trade education seems to be underappreciated in the national movement for cooperative enterprise. Our authors sketch an institutional design for teacher-owned technical colleges that foster student engagement in cooperative enterprise. Practical challenges to the cooperative technical college are also briefly addressed. Cleomar Gomes da Silva and Albert Fishlow investigate the policies adopted by Brazil after the 2008 financial crisis. It was called the New Macroeconomic Matrix (NMM). They to detail the main measures related to NMM; analyze what causes the Great Brazilian Recession was caused by internal factors (NMM actions) or by external factors; a","PeriodicalId":88850,"journal":{"name":"Challenge (Atlanta, Ga.)","volume":"30 1","pages":"87 - 88"},"PeriodicalIF":0.0,"publicationDate":"2021-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85196219","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 : 2021-03-04DOI: 10.1080/05775132.2021.1912980
Richard Davis
Abstract Cooperatively operated businesses, where worker-owners vote democratically on the direction of the enterprise, represents an alternative to the prevailing capitalist model of employer ownership. Mondragon, one of the most famous cooperative businesses, was incubated from a technical college. Despite this precedent, trade education seems to be underappreciated in the national movement for cooperative enterprise. This article sketches an institutional design and considers practical challenges for teacher-owned technical colleges that foster student engagement in cooperative enterprise.
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Pub Date : 2021-03-04DOI: 10.1080/05775132.2021.1881295
T. Patterson
Abstract As Donald Trump blackened Washington on his way out of town, pundits lauded the end of Trumpism’s hold on the Republican Party. What they failed to see is that Trumpism is merely a reckless version of what Republicanism has been for some time.
{"title":"Republican Death Rattle","authors":"T. Patterson","doi":"10.1080/05775132.2021.1881295","DOIUrl":"https://doi.org/10.1080/05775132.2021.1881295","url":null,"abstract":"Abstract As Donald Trump blackened Washington on his way out of town, pundits lauded the end of Trumpism’s hold on the Republican Party. What they failed to see is that Trumpism is merely a reckless version of what Republicanism has been for some time.","PeriodicalId":88850,"journal":{"name":"Challenge (Atlanta, Ga.)","volume":"27 1","pages":"89 - 99"},"PeriodicalIF":0.0,"publicationDate":"2021-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84555418","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 : 2021-03-04DOI: 10.1080/05775132.2021.1912984
I. Akpan, O. G. Aguolu, Izuchukwu C. Ezeume
Abstract Recent studies show that inadequate knowledge and understanding about the SARS-CoV-2 and COVID-19 by many people has contributed significantly to fueling the conspiracy theories and misinformation about the pandemic. This challenge further impacts people’s behavior against public health guidelines in observing social distancing, wearing a facial mask, or self-isolation if exposed to imminent threats. This article attempts to use visual presentation and theoretical narratives to explain the science and conceptual structure of SARS-CoV-2 and COVID-19. The paper also shows a visualization of the connections between the ongoing pandemic and previous coronavirus outbreaks and epidemics.
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Pub Date : 2021-02-22DOI: 10.1080/05775132.2021.1881294
R. Benedikter, Carlos Cruz Infante, Miguel Zlosilo
Abstract The situation in Chile after the Constitutional Referendum of October 2020 posits the question: Where is the country headed? Is this the end of a long transition from “adolescent” neoliberal democracy to “mature” welfare democracy—or the start of a new era of uncertainty? Without substantial improvements of the constitutional reform process, its building stones and surrounding conditions, the country is not ready for a systemic transition in reconciliatory and secure manners.
{"title":"The Future of Democracy in Chile","authors":"R. Benedikter, Carlos Cruz Infante, Miguel Zlosilo","doi":"10.1080/05775132.2021.1881294","DOIUrl":"https://doi.org/10.1080/05775132.2021.1881294","url":null,"abstract":"Abstract The situation in Chile after the Constitutional Referendum of October 2020 posits the question: Where is the country headed? Is this the end of a long transition from “adolescent” neoliberal democracy to “mature” welfare democracy—or the start of a new era of uncertainty? Without substantial improvements of the constitutional reform process, its building stones and surrounding conditions, the country is not ready for a systemic transition in reconciliatory and secure manners.","PeriodicalId":88850,"journal":{"name":"Challenge (Atlanta, Ga.)","volume":"64 1","pages":"172 - 180"},"PeriodicalIF":0.0,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78313691","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}