Debunking Economics graphic novel needs help

A group of economic operatives have joined forces to mobilise the economics community through the IDEAeconomics initiative. Influential thinkers including Ann Pettifor, Michael Hudson, Dirk Bezemer, James Galbraith, Steve Keen and others, are promoting  a dynamic monetary view of the economy – hence the full name Institute of Dynamic Economic Analysis – and are advancing practical policies that will stabilise the macro-economy while ensuring full employment and equitable prosperity. This is a movement worth supporting.

They have a number of programs running in order to bring fundamental change to economics practice and teaching (see them all here), one interesting project being a graphics novel centred on Keen’s book Debunking Economics, combined with the work of Ann Pettifor and Ha-Joon Chang.

A Kickstarter campaign is running now to raise the funds necessary to have the book produced. I’d encourage everyone to chip in where they can.

Here is a promotional video and some of the commentary from the fantastic artists and writers involved with the project.

Wouldn’t it be great to learn about the economy in a way that didn’t suck? Too many of us are living paycheck to paycheck. Income inequality is a worldwide problem. Students are graduating with record debts. Trillion dollar wars are charged to the national credit card of debt. We’re inheriting economies in crisis, yet less than half of all U.S. high schools require any kind of economics or finance courses in order to graduate.

Help us launch our graphic novel series – CRASH, BOOM, POP! – to help lay a good foundation in economics. We want to expose how money and economics actually work, without the complicated rhetoric. Everyday questions that befuddle our brains like: How is money created? Why do housing prices keep rising? Why are interest rates at all time lows (even if your credit card interest may not be)? What’s the purpose of austerity? Why do central banks, like the Federal Reserve, continue printing more currency?

Confused? So were we. Then we read some books that cut through the confusion: Steve Keen’s Debunking Economics, Ann Pettifor’s Just Money – How to Break the Despotic Power of Finance and Ha-Joon Chang’s 23 Things They Don’t Tell You About Capitalism, just to name a few.

As a team with a background in finance, education and economics, we did our best to digest all of this information for you. Now we want to share what we’ve learned.

Here is the link again.

*I am a contracted writer for IDEAeconomics

Comments

  1. That would be better if done in the style of an RSA Animate video (stills from which could be made into a book).

    The classic graphic novel on economics for mine is still Obelix & Co.

    • I do like that first panel on page 18

      “You bank has been operating in an unsafe manner. We can’t let that continue. You’ll either have to get more capital or shut it down”

      Book ’em Fedsters !

    • Page 9. I nearly died in a fit of laughter at the magic wand and magician’s hat explaining fractional reserve creation of money.

      This whole thing is ripe for a humourous re-hash cut and edit by Zero Hedge contributors.

  2. Outside of Macrobusiness the likes of Steve Keen, Michael Hudson, Anne Pettifor are some of the few active economists who seem to have any idea at all about reality. If they can successfully improve education and encourage some new thinking or more hetrodox theories to oppose the neoclassical flog it can only be a good thing.

    • Kickstater will only debit backers if the target is reached prior to the deadline. This is a Kickstarter requirement and the people raising the funds have no way to alter this.

  3. So serious question.
    Are we heading for a serious prolonged recession in this country ? If so how bad is it going to be.
    I am kind of suffering from information overload at the moment and Ive lost track of where things are really going.

    • Do not worry. The HnH manga book will be out sometime in the middle of the post boom malaise. It will be full of your favorite characters, The Pascometer, Mad Adam and others, all locked in conflict with UE, TP and HnH as the forces of sharp data analysis – with charts – ensure ultimate victory.

      • Im just trying to imagine what ultimate victory would look like.

        Better stock up on tin food i guess.

    • I’m with you on this one, as a relative newcomer to MB in the last month my brain hurts daily reading all the articles (and often having to use google figure out acronyms !), the things I am trying to figure out is a) how long do I have to prepare b) what to do to prepare to ensure we not only survive but prosper c) refer to A and B

      I am of no doubt we as a country are deep in the sh!t, hence why i’m a paid up member of this site !

  4. Read the first few pages, the comic have serious problems. A graphic novel doesn’t work if it’s just ‘picture on a page + a lot of text’, it is a totally different narrative medium with its own power and limitations. A good example of how comic can be used to describe economic problems is Japan Inc, written about the Japanese economy in the 80s by the late Shotaro Ishinomori.

    http://www.ucpress.edu/book.php?isbn=9780520062894

    The narrative structure works a lot better by utilizing an ordinary person as the main character, compared to a mythical ‘Professor Keen’ battling the “evil forces of modern economics”.