Good and Bad Capitalism: Re-thinking Value, Human Needs, and the Aims of Economic Activity | Giorgio Baruchello (2009)

The world is experiencing a twofold crisis. On the one hand, the global, virtualised economy is collapsing and, in its fall, it is bringing down significant sections of the real economy. On the other hand, the environmental collapse of the planet is also marching on, and there is no clear sign that this may stop soon, for the most commonly discussed paths for economic recovery seem to rely upon further spoliation of the Earth’s life support systems. In this book chapter, the reader is to encounter an account of this twofold crisis in light of the deeper axiological grounds that are causing it. To this end, the present author refers extensively to the theory of value developed by Canadian scholar John McMurtry, according to whom: “[F]inancial crises always follow from money-value delinked from real value, which has many names but no understanding of the principle at its deepest levels.”

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Capitalism and Freedom: The Core of a Contradiction – An Essay on Cornelius Castoriadis and John McMurtry | By Giorgio Baruchello (2008)

0.0 Capitalism and freedom is not only the title of a 1962 book by Milton Friedman playing a pivotal role in asserting worldwide the neoliberal paradigm, but also the slogan that leading statesmen, politicians and opinion-makers have been heralding in recent years, in order to justify, amongst other things, the slashing of welfare states and the invasion of foreign countries…

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Modern monetary theory and its critics | real-world economics review

Modern monetary theory and its critics

3 October 2019

Introduction: Whither MMT?
The editors
2
Alternative paths to modern money theory
L. Randall Wray
5
Initiating a parallel electronic currency in a eurocrisis country – why it would work
Trond Andresen
23
An MMT perspective on macroeconomic policy space
Phil Armstrong
32
Monetary sovereignty is a spectrum: modern monetary theory and developing countries
Bruno Bonizzi, Annina Kaltenbrunner and Jo Michell
46
Are modern monetary theory’s lies “plausible lies”?
David Colander
62
What is modern about MMT? A concise note
Paul Davidson
72
Modern monetary theory: a European perspective
Dirk H. Ehnts and Maurice Höfgen
75
MMT: the wrong answer to the wrong question
Jan Kregel
85
Modern monetary theory and post-Keynesian economics
Marc Lavoie
97
Money’s relation to debt: some problems with MMT’s conception of money
Tony Lawson
109
The sleights of hand of MMT
Anne Mayhew
129
Tax and modern monetary theory
Richard Murphy
138
Macroeconomics vs. modern money theory: some unpleasant Keynesian arithmetic and monetary dynamics
Thomas I. Palley   
148
MMT and TINA
Louis-Philippe Rochon
156
Modern monetary theory: is there any added value?
Malcolm Sawyer
167
The significance of MMT in linking money, markets, sector balances and aggregate demand
Alan Shipman
180
The political economy of modern money theory, from Brecht to Gaitskell
Jan Toporowski
194
Board of Editors, past contributors, submissions, etc. 203

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BE STILL AND KNOW LIFE-VALUE ONTO-AXIOLOGY – A collection of essays by Prof. John McMurtry | globalresearch.ca

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Table of Contents

  • I. THE RIGHTS OF THE “HUMAN” OVER THE “NON-HUMAN”: THE UNDECLARED WORLD WAR OF HUMAN RIGHTS VERSUS CORPORATE RIGHTS
    • Right to Life: From Right-Wing Slogan to Life-Grounded Comprehension
    • Intrinsic Life Worth and Humanity’s Universal Being
    • Projecting Personhood onto the Non-Human to Deprive the Human
    • The Life-Value Onto-Ethic in Contrast
  • II. FINDING THE LOST LIFE-VALUE GROUND AND MEASURE: THE COMMON LIFE INTEREST OF LEGITIMATE RIGHTS AND SOCIAL JUSTICE
    • Capabilities: Regrounding Amartya Sen and Martha Nussbaum in Life Need and Value
    • Individual Differences and the Life-Value Criterion and Measure of Legitimate Rights
    • Thinking Past the Life-Blind Paradigms
    • The Universal Human Life Necessities
    • Universal Life Needs the Basis of All Legitimate Rights
  • III. GROWING THE LIFE GOODS BASE: BEYOND MONEY, IDEOLOGY AND PRODUCTIVE FORCES
    • Why Marx Does not Solve the Problem
    • Predictable Downfall of Human and Planetary Life Until Life-Value Turn
    • From Moral and Legal Philosophy to Marxian Revolution: The Missing Life-Ground
    • The Modern Blind Eye: No Life-Value Standard to Steer Productive Development
    • The First Requirement of Social Justice: Re-Grounding in Universal Human Life Goods
    • Recognising the Human Vocation Above All
    • Right of Access to Universal Life Goods: The Missing Argument
  • IV. THE UNIVERSAL HUMAN LIFE NECESSITIES: THE LIFE GROUND OF ECONOMICS AND HUMAN RIGHTS DEFINED
    • Blocking Out Life Necessity: The Compulsion of High Theory
    • The Universal Life Needs and Goods: Explaining the Base of All Rights and Obligations
    • Beyond the Invisible Hand: Naming Humanity’s Universal Life Necessities and Goods
    • How to Test the Universal Life Goods and Necessities for Validity
    • Sufficiency and Insufficiency of Provision Recognised by Life Capacity Margins
    • Thinking Through “From Each According to Ability, To Each According to Needs”
  • V. RECOVERING THE BASES OF OUR LIVES FROM SILENCE AND OCCUPATION: THE HUMAN VOCATION, THE CIVIL COMMONS AND SOCIAL JUSTICE
    • Being Human: Why We Must Work for Our Own Life Good and Others’ at the Same Time
    • The Civil Commons: Real Economic Base and Social Correlative of the Human Vocation
    • The Corporate-Rich War on Civil Commons to Expropriate and Degrade Them for Profit
    • From Commons-Blind Theory on Both Sides of Class Division to Life-Goods Economy and Justice.
    • Regaining the Lost Bearings of Civil Commons as First Premise of Human Evolution
    • From Corporate State versus Social State to Life-Coherent Rationality
  • VI. EVOLVED CIVIL COMMONS VERSUS CORPORATE GLOBALIZATION: A PERFORMANCE EVALUATION ACROSS UNIVERSAL LIFE GOODS
    • Re-Setting to the Common Life-Ground of Our Existence
    • Economic Advance and Social Justice Both Decided by Universal Provision of Life Goods
    • Atmospheric Goods
    • Bodily Goods
    • Home and Habitat Goods
    • Environmental Integrity
    • Life-Protective Goods of Security and Healthcare
    • Cultural Life Goods
    • The Good of Human Vocation
  • VII: WHY CONTEMPORARY JUSTICE THEORY FAILS: THE MISSING COMMON INTEREST OF HUMAN RIGHTS AND REASON
    • Abstracting Away Everything that Ultimately Matters: Mapping High Theory’s Correspondence to the Life-Blind Ruling System
    • G.A. Cohen’s Egalitarian Rescue Remains Within the Ruling Alibi as First Premise
    • Economic Science and Pareto Optimum/Efficiency Unmasked in Principle
    • Rawlsian Justice as Trickle-Down Myth in Formal Costume
  • VIII. BEYOND EQUIVOCAL EQUALITY AND MASKING MYTHS: GROUNDING JUSTICE IN WHAT WE ALL NEED TO LIVE AS HUMAN
    • From Rational Plan of Life to Human Vocation: The Ultimate Moral Regrounding
    • Life-Ground Ethics Rejects a Career Plan as a Universal Good of Justice or Morality
    • Linking Life Right and Obligation at System-Wide and Historical Levels
    • The Life-Coherence Principle, Civil Commons, and the Human Vocation
  • IX. REGAINING THE REAL ECONOMY FROM THE CANCER SYSTEM: THE CHOICE SPACE FOR HUMANITY’S EVOLUTION OR DESTRUCTION
    • Evolution of Humanity by Rules of Life-Enabling Economy and Justice
    • Progressive or Regressive Meta Pattern of History?
    • The Corporate-State War Against Human Evolution
    • Recovering the Real Economy in Principle and Fact
  • X. THE SOCIAL STATE VERSUS THE CORPORATE STATE: FROM EUROPEAN FASCISM TO GLOBAL MONEY-SEQUENCE ABSOLUTISM
    • Social State Evolution versus Corporate State Growth: The Battle Lines Defined
    • From the Depression, Anti-Fascist War and Decolonisation to the Corporate Occupation
    • The Morality of Corporate Rights: No Rights Except for Private Money Sequences
    • Social Justice and Economic Integrity: The Life Code in Social Defence
  • XI. THE LIFE-AND-DEATH WAR OF RIGHTS SYSTEMS DEFINED
    • Defining the Global Corporate Mechanism in Formal Terms
    • The Age-Old Life Economy of the Civil Commons versus the Corporate-Rights System
    • Holding and Advancing the Life-Ground of Resistance: Clarifying the Civil Commons of Economic and Human Rights Around and Under Us
    • Beyond Amnesiac Despair: The Life Economy and Human Rights Base Already Won
    • The Real Private Sector is the Opposite of Global Corporate For Profit
  • XII. HUMANITY’S EVOLUTION AND THE GREAT REVERSAL: AN ANATOMY OF THE CORPORATE RIGHT COUNTER-REVOLUTION
    • Getting Our Historical Bearings in the Turning-Point Time
    • The Great Reversal
    • The Historic Choice Today
  • XIII. HISTORY’S LONG WAR FOR LIBERATION: RECLAIMING THE LIFE RIGHTS WHICH HAVE BEEN WON
    • The United Nations Universal Declaration of Human Rights
    • Societies’ Life Rights Against Corporate Fascism Across Borders
    • Resolving Confusions of Meaning to See the Historical Pattern Across Generational Time
    • Reclaiming and Moving Beyond the Human Life Rights That Have Already Been Won.
  • REFERENCES

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First principles in the life sciences: the free-energy principle, organicism, and mechanism | Matteo Colombo and Cory Wright

Abstract

The free-energy principle states that all systems that minimize their free energy resist a tendency to physical disintegration. Originally proposed to account for perception, learning, and action, the free-energy principle has been applied to the evolution, development, morphology, anatomy and function of the brain, and has been called a postulate, an unfalsifiable principle, a natural law, and an imperative. While it might afford a theoretical foundation for understanding the relationship between environment, life, and mind, its epistemic status is unclear. Also unclear is how the free-energy principle relates to prominent theoretical approaches to life science phenomena, such as organicism and mechanism. This paper clarifies both issues, and identifies limits and prospects for the free-energy principle as a first principle in the life sciences.

Keywords Adaptation · Free energy · Life · Mechanism · Organicism

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Baselines for Human Morality Should Include Species Typicality, Inheritances, Culture, Practice and Ecological Attachment | Darcia Narvaez (2019)

Empirical studies involve WEIRD but also unnested (raised outside humanity’s evolved nest) and underdeveloped participants. Assessing human moral potential needs to integrate a transdisciplinary approach to understanding species typicality and baselines, relevant evolutionary inheritances beyond genes, assessment of cultures and practices that foster (or not) virtue, and ecological morality. Human moral reason (nous) emerges from all of these.

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Devolution: a road map | Local Government Information Unit (UK)

Reproduced from: https://www.bl.uk/collection-items/devolution-a-road-map Devolution: a road map Document type Paper Publisher Local Government Information Unit Date of publication 4 June 2015 Subject(s) Social Policy, Community Development and Regeneration Download (1.6MB ) This paper outlines proposals to invert the current relationship between central and local government by creating a locally led process of devolution in England,… Read More

From Political Warring Insecure Complexes to TRUE PEACE INITIATIVES based on UNITY of COMMUNITIES

It all started last week, when I had another flare of my recurrent joint problems, which are usually triggered from stress at the workplace that appears to be going from bad to worse. I have been trying to wean myself off steroids for the inflammation in my joints over the year, but each time I… Read More

Epistemological and Ethical Implications of the Free Energy Principle | Eray Özkural

The free energy principle states that self-organization occurs through minimization of free energy, which is a measure of potential thermodynamic work. By minimizing free energy, the organism happens to also minimize surprise over its boundary, promoting chances of survival. We discuss the ethical implications of the cognitive goal in detail from an empirical point of view, highlighting the principle of least action as a physical basis of Occam’s razor, the universality of the free energy principle, and its explanation of natural selection. We explain that the free energy principle extends to groups of organisms and helps us understand group-scale adaptations and selection in biology. The free energy principle applies to all scales of organization in the organism from single cells to the entire nervous system. When this principle is taken to its logical extremes of modeling groups, populations and ecosystems, we uncover a new, evolutionarily sensible path at explaining puzzling aspects of human motivation and judgement, including ethical decisions. To minimize free energy, populations have to act to maximize gathering of information, while building effective models at mitigating changes to its dynamic structure. The free energy principle thus provides a naturalistic explanation of some of our deepest ethical intuitions, and valuable principles of social behavior. We interpret the cognitive goal that corresponds to the principle as seeking a dynamic, fruitful, yet peaceful activity that sustains the organism. This state of mind is interestingly similar to the Buddhist intuition of mental equanimity; the organism’s final goal is to be at peace and harmony with the environment. Another immediately relevant aspect is that assemblies must form to promote symbiotic, synergistic, positive feedback loops, which coincides with the findings of ecologists. Therefore, ethics naturally emerges in self-organizing systems. Assemblies of organisms must ultimately unite in macro-minds to achieve the greatest reduction in free energy, as well as building technological extensions of themselves to improve their capacity to do such, therefore the principle also predicts a post-singularity world-mind composed mostly of artificial intelligence.

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