This post reviews William Pelz’s moving paper, “The condition of the working class in the age of globalization” (2012). While Pelz does not present a new finding or develop a novel theory, the breadth of the data he presents is quite impressive.
This post reviews Barnes and Cahill’s 2012 paper on the relevance of Marxist class analysis today and its current presence in Australian publications.
Saunders and Wong’s article not only illustrates Australians’ attitude to inequality and redistribution, but also, in between the lines, reveals our inconsistent idea of our wealth and income.
I start the final post on Douglass North’s book with its key lessons and continue with comments its contentious ideas.
In the third post on Douglass North’s Understanding the Process of Economic Change, I present his ideas on the role of demographic change, order, impersonal exchange, and political factors in economic evolution.
In the second post on Douglass North’s Understanding the Process of Economic Change, I present his ideas on the role of institutions in the evolution of the economy.
This post discusses Douglass North’s ideas on the effect of knowledge on the process of economic change.