Other News: The Nobel for Peace – an Expanding Scandal

   The Nobel for Peace – an Expanding Scandal   By Fredrik S. Heffermehl*   OSLO, Dec 9 2013 (Columnist Service) – A March 2012 decision by the Swedish authority supervising foundations is a ticking box of dynamite under the nobel peace prize. Even presented in an official, open document, …

REAL ECONOMIES AND THE ILLUSIONS OF ABSTRACTION

World Affairs: The Journal of International Issues, Vol. 15 No. 1 Winter Hazel Henderson © 2010 The yawning gap between the real world and the discipline and profession of economics has never been wider.  The ever-increasing abstractions in finance and its models based on “efficient markets” and “rational actors”: capital …