This past weekend, a bright Georgetown undergraduate asked me how I squared my passion for localization with the theory of comparative advantage. For economics newbies, he was referring to David Ricardo’s argument that every community should find one product to […]
Unlike a Globalized Food System, Local Food Won’t Destroy the Environment
This blog is also available in Arabic, Dutch, French, Italian, Russian, Slovak, Spanish and Turkish. If you’re seeking some good news during these troubled times, look at the ecologically sound ways of producing food that have percolated up from the […]
To Leave or Remain: Dichotomy or Distraction?
Ever since the Brexit referendum was first announced, we have been bombarded by an array of starkly contradictory pronouncements – from the Leave camp’s now infamous claim that withdrawal from the EU would release £350 million a week for the […]
Ten Years After the Crash: more of the same, or a new beginning?
The year 2008 was a momentous one. The ‘anniversary’ headlines are of course all about the financial crash. As Nick Mathiason in The Guardian put it at the time: “It was the year the neo-liberal economic orthodoxy that ran the […]
The Commons, Short and Sweet
I am always trying to figure out how to explain the idea of the commons to newcomers who find it hard to grasp. Here is a fairly short overview, which I think gets to the nub of things. The commons […]
Bulldoze the Business School
Visit the average university campus and it is likely that the newest and most ostentatious building will be occupied by the business school. The business school has the best building because it makes the biggest profits (or, euphemistically, “contribution” or […]
Local Finance Made Simple
The nature of money is to abstract value. That is its role. It stands in place of an actual good or service. If I fail to have the basket of potatoes you are seeking in exchange for the wool from […]
CTRLshift: An Emergency Summit for Change
In Britain, these days, all the essential endeavors that are supposed to promote general wellbeing and what is known as “civilization” are, it is widely agreed, in crisis: health and social services; housing; education; energy; transport; and of course, though […]
Agriculture and Autonomy in the Middle East
Editor’s Note (March 29th, 2018): An earlier version of this article incorrectly described MEM as operating in Rojava. In fact, MEM only operates formally in North (Turkish) Kurdistan, though its goals and principles are also being pursued by groups in […]
In Defense of Degrowth
The economist Branko Milanovic recently wrote a blog post titled “The illusion of degrowth in a poor and unequal world.” He penned it, he says, following a conversation he had with a proponent of degrowth. As it turns out, that […]