Post # 2035 Global management ​needs good economics

Provocation #203 Management needs good economics. As society gets into trouble with climate, AI,  and governance, it is clear that we face major problems that are not being well managed.  If we start with the Greek economia as estate management we see that the concept was holistic: how to manage the estate for the well … Continue reading Post # 2035 Global management ​needs good economics

post #2034. Essential quibbles. Economics misses the point.

If the use of fossil fuels are not going to cut be cut sufficiently  (eliminated) to prevent a 3 or 4° rise, are we willing to discuss how such a failure that might  unfold? If  economy is   embedded in society, that just  means complex  feedback loops between the two. Discussing these feedback loops requires understanding both the economy and society. If … Continue reading post #2034. Essential quibbles. Economics misses the point.

Post # 2023. No plan for the societal side of climate change

Provocation # 174. So far as I am aware, there is no plan proposed by anybody that deals with the social disruption of climate breakdown and the social disruption of trying to prevent that disruption in anything like implementable detail. If you know of any please let me know. doug@dougcarmichael.com' The Green New Deal proposed … Continue reading Post # 2023. No plan for the societal side of climate change

Post # 2017. Expanding the scope of economics?

Provocation 168. How to expand the scope of economics. In the spirit of provocation.. Economics advanced by making assumptions that treated most of society as external to economics, but it turns out, as it has, that the dynamics of society profoundly affect the mainstream neo-classical economic model: ownership, wealth: interest, politics, people’s state of mind … Continue reading Post # 2017. Expanding the scope of economics?

Post # 2014. Trump, unemployment and economics.

Provocation # 165.  Trump, unemployment and economics. The argument is made that things like GDP, obviously flawed, nevertheless make possible graphs and computational models. In physics, basic assumptions, almost always get closer to the core of the phenomena. Weights falling in a frictionless vacuum for example. But in economics the assumptions , allowing for modeling, … Continue reading Post # 2014. Trump, unemployment and economics.