Do you know Götz Werner? In case you don’t, Werner is a very famous entrepreneur in Germany. He founded the drugstore chain dm-drogerie markt, which he led for 35 years. He is also a influent advocate of the unconditional basic income, and most of all a brillant and heterodox thinker.
Beyond the crisis
So far, I didn’t realize how important video games could be for economics experiments. Online community games, particularly, could provide a large-scale game field for economists that could help us understand human behaviors and experiments new ideas.
While the eurogroup welcomed Spain’s demand for a European aid to recapitalize its banking system, and guaranteed a commitment up to 100 bn euros, another solution could be put in place for recapitalizing the spanish banking system : the bail-in.
One year ago, the 15M movement started in Spain, followed by a rise of protesters from Athens, NYC, London, Brussels, Frankfort and many other places all over the World. As a tribute to this wind of change, republish here a paper I wrote last year on my french blog, when the indignados movement emerged in […]
From an economist point of view, it is obvious that Greece has no chance to prosper in the eurozone. However, exiting the eurozone still raises a lot of fears and uncertainties. Fortunately, with some imagination, there may be some solutions to make an exit a real opportunity for change in Greece. In the following post, I’ll […]
The spanish governement is announcing a bailout plan for its private banks that could end up in injecting up to 10 bn of capital in Bankia. Of course, Spanish people are not very happy about that. On twitter, the hashtag #hagamoscomoIslandia (let’s do as Iceland did) is currently trending. But can Spain really do as Iceland […]
Here is a very good documentary produced by Positive Money. This is a must see if you want to understand how money works nowadays, why it creates inequalities, and how we can change it. Last january, I had the opportunity to interview Ben Dyson, the founder of Positive Money, an action-tank that promotes a monetary […]
While complexity and opacity of finance is unfortunate, to some extent it appears to be needed for the good functioning of the economic machine. Understanding finance’s opacity is thus necessary to reform our modern financial system.