https://znetwork.org/author/jag-bhala/ Independent Left News, Analysis, Vision and Strategy Sun, 12 Feb 2023 15:54:08 +0000 en-US hourly 1 https://znetwork.org/wp-content/uploads/2022/08/cropped-Z_logo_512-32x32.png https://znetwork.org/author/jag-bhala/ 32 32 https://znetwork.org/znetarticle/economists-obsession-with-efficiency-is-just-an-endorsement-of-greed/ https://znetwork.org/znetarticle/economists-obsession-with-efficiency-is-just-an-endorsement-of-greed/#respond Sun, 12 Feb 2023 15:53:45 +0000 https://znetwork.org/?post_type=znetarticle&p=1239285 When discussing markets, “efficiency” is a trick word. In everyday use or in disciplines like engineering, efficiency has a positive meaning, typically implying wise allocation of resources. But in economics the word is what translators call a “false friend,” a term you think you recognize but which others aren’t using in a way that matches [...]]]> https://znetwork.org/znetarticle/economists-obsession-with-efficiency-is-just-an-endorsement-of-greed/feed/ 0 https://znetwork.org/znetarticle/claims-that-capitalism-is-eradicating-global-poverty-are-wildly-misleading/ https://znetwork.org/znetarticle/claims-that-capitalism-is-eradicating-global-poverty-are-wildly-misleading/#respond Sat, 24 Sep 2022 14:27:38 +0000 https://znetwork.org/?post_type=znetarticle&p=1221036 Fans of our current global economic order often justify it by claims of great progress in lifting people out of extreme poverty. Rarely do they cite statistics on inequality, such as comparing the slice of the “world pie” that goes to the rich versus that which goes to the poor. Little wonder as that picture [...]]]> https://znetwork.org/znetarticle/claims-that-capitalism-is-eradicating-global-poverty-are-wildly-misleading/feed/ 0