Does Knowledge Have a Sell by Date?

Naomi Klein’s controversial book and subsequent film adaptation, This Changes Everything: Capitalism vs. The Climate (2014 and 2015 respectively), was meant to give a new take on the issue of the relationship between the current dominant economic model and the price our planet has to pay for its success. To many of its critics the book/film only rehash well-trodden arguments and offer unrealistic or downright silly solutions, their damning verdict is that in fact the book and film do not ...

The End of Capitalism

Many have forecast the end of capitalism most famously Marx and his adherents Lenin, Stalin and Mao. The recent Global Economic Crisis has again raised the issue with The Economist pointing out that confidence in the system is eroding in those very economies that used to epitomize the capitalist system. In 2002 80% of Americans agree that the economic system of free markets was best but that has now shrunk to 59% and just above the broader average 54% ...

Using Socratic Seminars in the IB Economics Classroom

I have used seminars previously in history and psychology but they also work very well in IB Economics. Find below information I provided to students to help them prepare for their first seminar on capitalism. The Socratic method of teaching is based on Socrates' theory that it is more important for you to think for yourselves than to merely know the  "right" answers. You will be given an opportunity to research a topic and respond to open-ended provocative question. This ...