We need a Reformation in Economics – The salutary story of Semmelweiss

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First posted on Think Left as ‘Like heterodox economists, Semmelweis was ignored…’ 29th April 2013   In 1844, Ignaz Philipp Semmelweis graduated as a doctor, and was appointed assistant at the obstetric clinic in Vienna.  At the time, the great scourge … Continue reading

Like heterodox economists, Semmelweis was ignored…

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In 1844, Ignaz Philipp Semmelweis graduated as a doctor, and was appointed assistant at the obstetric clinic in Vienna.  At the time, the great scourge of new mothers was ‘childbed’ or puerperal fever.  It was thought that the deaths were … Continue reading

Austerity and the Labour Party

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The consequences of austerity The Financial Times (as reported by Leftfootforward) set out a series of graphs which indicate the negative effect of austerity policies on the GDP of various European economies.  The graph reproduced below shows clearly the negative … Continue reading

Economics in crisis – it needs a ‘Reformation’

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With great insight, Chris Waller draws the parallels between the state of the Church in the 16th century and the state of contemporary economics (1): Economics needs its Reformation, not only a new theoretical basis, if one can be found, … Continue reading