9 - 2020 | Real Progressives

The appallingly bad neoclassical economics of climate change

Abstract Forecasts by economists of the economic damage from climate change have been notably sanguine, compared to warnings by scientists about damage to the biosphere. This is because economists made their own predictions of damages, using three spurious methods: assuming that about 90% of GDP will be unaffected by climate change, because it happens indoors; […]

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Taking a Bite Out of That Pie in the Sky

1 Comment / Economic Justice, Editorial / By Steven D. Grumbine

People will not fight for what they do not believe is possible. People self-select themselves out of the picture and create self-fulfilling prophecies that allow defeat to overwhelm them to the point of inertia. The Green New Deal requires people to understand we can not only afford but can DO great things. However, that requires the answer to the “how will you pay for this?” question. Because any thinking human

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Why the New Deal Became the No Deal

5 Comments / Economic Justice / By J.D. ALT

The opening photo montage [on the Real Progressives home page] seems to be outlining an over-arching story about why American progressivism needs to make a special effort, now, to re-kindle the vision of Franklin Roosevelt. The activist, direct government spending of Roosevelt’s New Deal pulled America from the depths of the Great Depression, mobilized the

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September 1, 2020

The appallingly bad neoclassical economics of climate change

Taking a Bite Out of That Pie in the Sky

Why the New Deal Became the No Deal