University College London ~ IIPP Debates An Economics Reformation

Neoclassical economics has become an unquestioned belief, dominating decision-making from money and savings to migration and sovereignty. This seminar challenged this view, proposing a reformation.

To celebrate the 500th anniversary of Martin Luther’s 95 Theses, a group of free-thinking Economists and students challenged the current dogma in economics and investigated the shaky foundations of the neoclassical faith. The session challenged assumptions about the nature of the economy, the creation of money, the behaviour of markets, the origins of growth, and the causes of crises.

IIPP hosted this lively debate that proposed a new ’95 Theses of the Economics Reformation’, and nailed its demands to the door of the economics establishment to mark the beginning of a new economics reformation.

See: https://www.ucl.ac.uk/bartlett/public-purpose/news/2017/dec/iipp-debates-economics-reformation

See also: Larry Elliott ~ Heretics welcome! Economics needs a new Reformation ~ The Guardian

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For Him Art, Research, Creation And Politics Were The Same Thing – In Memory Of Paul Boccara

Paul Boccara 1932 -2017

Face à l’ énorme complexité des ces questions, il es urgent d’y aller, au risque d’essuyer les plâtres, des se tromper ; car il y a une béance formidable, et un appel!

Paul Boccara ended with these words the ‘Nine Lessons of Systemic Anthroponomy’. They can be seen as legacy of a great thinker. He was born in Tunis in 1932 – he finally left us on November 26 th 2017. Although he became entirely French in his attitudes, this Mediterranean origin shaped his way of thinking in a peculiar way. I remember one of our meetings in Ivry, where he lived; we went for lunch and there was no hesitation in choosing a seat. “I’m from
Tunisia – I need light,” and so we settled right next to the window. This urge to light was guiding his life, in a metaphorical sense: it was the strive for enlightenment. This was about a very bright light, illuminating the entire socio-historical space and at the same time it was the spotlight, which made it possible to take a close look at details.
Paul Boccara was educated as economist and mastered the tiresome depths of the bourgeois profession as well as the peaks of political economics. The latter was never a flattened shortcut for complex socio-historical constellations. It was only through knowledge of complex relationalities possible to achieve a truly creative application – a Marxist approach in the best possible sense. His profound thinking was also characterised by the fact that he studied in addition to economics also history and anthropology.

Three outstanding works have to be mentioned:
The Études sur le capitalisme monopoliste d’ État, sa crise et son issue [Éditions sociales, 1973] were probably part of the compulsory reading of the left at that time. Boccara’s work was ground-breaking, but at the same time it was part of a wider discourse concerned with the changing role of the state. This has to be understood against the historical background: on the one hand, at least throughout Europe, the ‘special conditions’ of the post WWII period came to an end and the West had to settle down with a consolidating East-West relationship.
What existed as a socialist state and their coalition could not be met by capital alone – if the state would not have existed already, it would have been invented at that time to complement and consolidate the hegemonic claims of the monopoly capital. In fact, such a re-invention of the string state took place in the sense of a close, organic interweaving of economy and state.
The Théories sur les crises, la suraccumulation et la dévalorisation du capital [Delga, 2013/2015] are nearly a late work. Hardly perceived, unfortunately not translated so far, the two volumes show the misery of the economy and of economics. It is noteworthy that the current crisis is analysed in a very fundamental way as a fundamentally structural crisis. Boccara’s oevre goes beyond other works, because it makes use of the very basics of economic theory: accumulation, theory of value, production and consumption, the long waves and the differentiated consideration of predator, casino and profit of capitalist economy are analysed in principle and assessed in connection with the techno-economic processes [‘information technologies of new type’].
Neuf Leçons sur l’ anthroponomie systémique [Delga, 2017], the last book, which is the assets we inherit – and the appeal, an urgent call obliging us to concrete and detailed analysis. Importantly Boccara emphasises the role of anthroponomy – these questions occupied him intensively in recent years. This is refreshingly different from many ‘identity and value discussions’ also in the left.
Strengthening the left can barely rely on hoping for insight into the necessity of a different way of life – questions of faith and pure good will and related hopes should be left to religion. Boccara, on the other hand, puts forward a clear analysis of the interplay between politics and economy and society. And it is not an appeal for such a way of life, but rather an appeal to a culture of debate. Read more

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Merijn Oudenampsen ~ The Conservative Embrace Of Progressive Values. On The Intellectual Origins Of The Swing To The Right In Dutch Politics

To talk of ideology in the Netherlands is to court controversy. The Dutch are not exceptional in that sense. Ideology is known internationally to have a bad reputation. After all, the word first came into common use when it was employed by Napoleon as a swearword. But the Dutch distaste for ideology seems to have taken on particularly sharp features. The country lacks a prominent tradition of political theory and political ideology research and often perceives itself as having achieved the end of ideology. Taking recourse to Mannheim’s sociology of ideas, I have attempted to contest that image and fill a small part of the lacuna of Dutch ideology studies. The book started out with an attempt to formulate – in broad strokes – an explanation for the peculiarly apolitical atmosphere in Dutch intellectual life.

The relative absence of ideological thought in the Netherlands, I have argued, can be traced back to the historical dominance of one particular form of ideological thought: an organicist doctrine that considers Dutch society as a differentiated, historically grown, organic whole. It considers the state and the media as the passive reflection of societal developments, with elites serving as conduits. Organicism is a sceptical, relativist ideology that stresses harmony and historical continuity. Shared by the twentieth-century elites of the different currents in the Netherlands, this ideology has been depicted as the metaphorical roof uniting the different pillars. It has filtered through Dutch intellectual history in complex forms, to emerge in more contemporary manifestations such as Lijphart’s pluralist theory of accommodation.

The thesis of this book is that this has resulted in a lingering tendency in the literature to downplay conflict, rupture and ideology in Dutch history. And instead to favour more harmonious portrayals of Dutch society developing gradually and continuously as a unity, as an organic whole. When it comes to the Fortuyn revolt, a similar inclination has resulted in depoliticized interpretations of the revolt as the exclusive imprint of secular trends that Dutch politics and media simply needed to reflect. Hans Daalder, the doyen of Dutch political science, argued that there is a political incentive to depoliticize matters in the Dutch political system. In the context of the close relationship between politics and social science in the Netherlands, this has given rise to a paradoxical reality: the more politically involved social science becomes, the more depoliticized it needs to become. Ironically, this means that a more autonomous social science will need to repoliticize its account of Dutch political transformation to some degree. That is what this study has sought to do.

See: https://pure.uvt.nl/Oudenampsen_Conservative.pdf

 

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Boxing Humans

Well, moving in the academic realm is too often about boxing humans – yes, both sides going together: putting people into boxes and brutally beating them up. The following a letter I sent to relevant newspapers as comment on what is going on, how students [and lecturers] are mal-treated, disrespectful encounters when students are following their curiosity. It makes me increasingly sad, and I feel deeply ashamed …

Dear colleagues,

adding to the various discussions on ranking and formalistic approaches to studying, admission to universities and performance of third-level teaching and research, one point is easily overlooked – the following example is perhaps extreme, though not necessarily completely exceptional.

I worked for two years as professor of economics at Bangor College China, Changsha [BCC] before taking up my current position as research fellow at the Max-Planck Institute for Social Law and Social Policy in Munich, Germany. Still, one persisting bond to the previous job is concerned with writing references for some students. Some universities where students applied, accepted only references, requiring my mail-address from the previous job – but shouldn’t universities at this time and age accept that scholars are moving, following ambitions and calls in other positions? This means: they should also accept that mail addresses change, and one may even prefer to use a non-institutional address. Anyway, I mentioned the BCC-mail address – however, sending a mail to that address is answered by an auto-reply referring the sender to another address. This is the first point where the institution that was seeking the reference – the Graduate School, The Chinese University of Hong Kong – failed. They ignored the auto-reply and I did not know about the request they sent. Finally I was made aware of it [by the bright applying student], checked the dormant mail box and continued to the website for the submission of the reference. A form opened [after going through a more or less cumbersome procedure], asking for replies to multiple choice questions. I still think students are not made up of multiple choice elements, instead: they are real beings, humans with a multifaceted personality that cannot be squeezed into such forms – even when considering data-processing as an at-times appropriate tool. So, instead of ticking the boxes I preferred skipping them, attaching a recommendation letter instead. However, the system did not allow me to submit the letter unless I would first answer the multiple-choice questions which would feed into a one-dimensional profile. I complained, sent the letter as a mail attachment – and did not receive a reply by the said office of the Hong Kong University. At some stage, I agreed – honestly disgusted by the lack of qualification and respect towards students – ticked the boxes and attached the letter [again cumbersome, as one had to enter a code which was not clearly legible, not allowing to distinguish 0 and O]. I sent another letter of complaint to the Graduate School, The Chinese University of Hong Kong – which was again answered to the BCC address, and again they failed to resend the mail to the e-mail address mentioned in the auto-reply.

If these are the standards of entering higher education, one should not be surprised that at the other end, i.e. at the time of finishing studies, many people have difficulties. They feel their creativity being limited by the requirements of publishing, acquiring funding and the competition along lines of subordination under expectations instead of striving for innovation [see Maximilain Sippenauer: Doktor Bologna; Sueddeutsche Zeitung, 20.10.2017: 11]

Still, it is a bit surprising that all this is well known and still not much is changing. Surprising … ? Perhaps it is not really surprising if we consider that the income of top-administration posts increase while the income of lecturers does not follow accordingly [see for instance the article titled: Times Higher Education pay survey 2016 in The Times Higher Education;https://www.timeshighereducation.com/features/times-higher-education-pay-survey-2016%5D.

It seems that there is a long way towards ‘supporting the brightest by open systems’, overcoming the dominantadministrative policy of ‘wedge the narrowest by furthering their smart submission’.

Sincerely

Peter Herrmann

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Imagining A New Social Order: Noam Chomsky And Robert Pollin In Conversation

Prof.dr. Robert Pollin

We live in an age of illegitimate neoliberal hegemony and soaring political uncertainty. The evidence is all around: citizen disillusionment over mainstream political parties and the traditional conservative-liberal divide, massive inequality, the rise of the “alt-right,” and growing resistance to Trumpism and financial capitalism.

Yes, the present age is full of contradictions of every type and variety, and this is something that makes the goals and aims of the left for the reordering of society along the lines of a true democratic polity and in accordance with the vision of a socialist reorganization of the economy more challenging than ever before.

Noam Chomsky ~ Photo: en.wikipedia.org

In this context, the interview below, with Noam Chomsky and Robert Pollin, which appeared originally in Truthout in three separate parts, seeks to provide theoretical and practical guidance to the most pressing social, economic and political issues facing the United States today. It is part of an effort to help the left reimagine an alternative but realistic social order in an age when the old order is dying but the new has yet to be born.

Noam Chomsky is professor emeritus of linguistics at MIT and laureate professor in the department of linguistics at the University of Arizona. Robert Pollin is distinguished professor of economics and co-director of the Political Economy Research Institute at the University of Massachusetts at Amherst. These two thinkers are pathbreakers in the quest to envision a humane and equitable society, and their words can provide a helpful framework as we strive — within an oppressive system and under a repressive government — to fathom new ways of living together in the world.

C.J. Polychroniou: Noam, the rise of Donald Trump has unleashed a rather unprecedented wave of social resistance in the US. Do you think the conditions are ripe for a mass progressive/socialist movement in this country that can begin to reframe the major policy issues affecting the majority of people, and perhaps even challenge and potentially change the fundamental structures of the US political economy?

Noam Chomsky: There is indeed a wave of social resistance, more significant than in the recent past — though I’d hesitate about calling it “unprecedented.” Nevertheless, we cannot overlook the fact that in the domain of policy formation and implementation, the right is ascendant, in fact some of its harshest and most destructive elements [are rising].

Nor should we overlook a crucial fact that has been evident for some time: The figure in charge, though often ridiculed, has succeeded brilliantly in his goal of occupying media and public attention while mobilizing a very loyal popular base — and one with sinister features, sometimes smacking of totalitarianism, including adoration of The Leader. That goes beyond the core of loyal Trump supporters…. [A majority of Republicans] favor shutting down or at least fining the press if it presents “biased” or “false news” — terms that mean information rejected by The Leader, so we learn from polls showing that by overwhelming margins, Republicans not only believe Trump far more than the hated mainstream media, but even far more than their own media organ, the extreme right Fox news. And half of Republicans would back postponing the 2020 election if Trump calls for it.

It is also worth bearing in mind that among a significant part of his worshipful base, Trump is regarded as a “wavering moderate” who cannot be fully trusted to hold fast to the true faith of fierce White Christian identity politics. A recent illustration is the primary victory of the incredible Roy Moore in Alabama despite Trump’s opposition. (“Mr. President, I love you but you are wrong,” as the banners read). The victory of this Bible-thumping fanatic has led senior party strategists to [conclude] “that the conservative base now loathes its leaders in Washington the same way it detested President Barack Obama” — referring to leaders who are already so far right that one needs a powerful telescope to locate them at the outer fringe of any tolerable political spectrum.

The potential power of the ultra-right attack on the far right is [illustrated] by the fact that Moore spent about $200,000, in contrast to his Trump-backed opponent, the merely far-right Luther Strange, who received more than $10 million from the national GOP and other far-right sources. The ultra-right is spearheaded by Steve Bannon, one of the most dangerous figures in the shiver-inducing array that has come to the fore in recent years. It has the huge financial support of the Mercer family, along with ample media outreach through Breitbart news, talk radio and the rest of the toxic bubble in which loyalists trap themselves.

In the most powerful state in history, the current Republican Party is ominous enough. What is not far on the horizon is even more menacing.

Much has been said about how Trump has pulled the cork out of the bottle and legitimized neo-Nazism, rabid white supremacy, misogyny and other pathologies that had been festering beneath the surface. But it goes much beyond even that.

Read more

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Overseas Territories Review

A forum for critical analysis of international issues and developments of particular relevance to the sustainable political and socio-economic development of Overseas Countries and Territories (OCTs).

Go to: http://overseasreview.blogspot.nl/

 

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