Provocation #118. Competition and economics. Why does economics have such an appreciation for competition? Competition creates winners but also losers, and can we afford more losers? Change always has losers, but a good society would be concerned that the changes help society, and compensate those who have been hurt, not just work for the few. … Continue reading 1928. Economy, economics and competition.
Provocation #117 Hayek remains important in large part because of his defense of free markets and attacks on the state for interfering with a natural process. Progressives are often saying free markets fail . But markets are not allowed by corporations to operate as free markets but as rules set up by monopolies. Free markets … Continue reading 1927. Hayek and corporations
Hayek remains important in large part because of his defense of free markets and attacks on the state for interfering with a natural process. Progressives are often saying free markets fail . But markets are not allowed by corporations to operate as free markets but as rules set up by monopolies. Free markets would be … Continue reading 1926.. Hayek failure to critique corporations.
The Greek gods, the tensions and the drama around sex, love and property.. To reduce these runs the danger socializing humans to eunuchs and crones. The current open window on normally obscured sexual lives seems to many somewhat unfair. There may be no clearly “fair” way to deal with sex, power, money, especially in the … Continue reading 1925. Sex, economy and economics.
What is the chance that the middle class is an artifact, first (early empires 1000BC and more) of elites trying to milk the peasant ( trapped) population of their surplus through the use of a literatte bueucracy, and that has with time morphed into the GI bill after ww2, educating many to middle management now … Continue reading 1924. middle class an artifact?
Provocation #115. Economics should be about the the full spectrum of the basics, Some musings: Economics has become increasingly abstract, mostly through the influence of mathematics and the marginalists. But the reality of economy is organic. Manuel De Lande in his book Assemblage Theory says that in mechanical systems the parts maintain the integrity of … Continue reading 1923. Economics should be about the full spectrum of the basics.
To see an economy as a system is implicitly to treat it as though it’s a coherent set of parts that are adapted to each other. this implies the system has an internal integrity and purpose and those who interact with the system should help to keep it functioning, to repair it if it is … Continue reading 1922. The problem of seeing the economy as a system.
Surmise. Following up a hint from Tainter's Collapse of Complex Societies where he says, paraphrase; elites own the infrastructure and when it is in trouble, instead of doing maintenance and enhancement, they do all they can to cut costs and take more out of the system. Trump is detaching the US from the world, and … Continue reading 1921. US Sold out
a fantasy about automation. you receive a reminder on your iPhone that tomorrow you will be picked up at 11 AM by a driverless Uber to take you to a meeting and two papers that you are supposed to read are attached. The next day you get a message that your Uber is in front … Continue reading 1920. AI and life
I find it very useful to get people to do a time line on how we got here(our current moment in history). Very typically it goes primitives Agricultural empires Feudalism Industrialization. With a stress on discontinuities. An alternative, rarely considered is that across the changes is the underlying continity of elites ruling the situation, and … Continue reading 1919. Timelines