Provocation #207. Leisure and economics. Early economics was concerned with the well being of society, of all the people. This was limited because people acquiesced to the view that the population was divided between the rich and the poor and then into capitalists land owners, and the laborers. But there was still a vigorous discussion … Continue reading Post # 2039 Leisure and 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
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.
Provocation # 201 Two thoughts 1. To prevent going over 2 degrees C we need to stop much use of carbon fuel. There is no plan to do so. Almost all plans look to replacement which is slow, the resulting uses still heat the environment. 1. Any serious curtailment of energy use will disrupt the … Continue reading Post # 2033 no plan for radical co2 reduction means emergent phenomena.
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. firstname.lastname@example.org' The Green New Deal proposed … Continue reading Post # 2023. No plan for the societal side of climate change
What if economics is unnecessary to understand economy? If we had no discipline of economics we might have common sense about the economy, the pragmatic relations of humanity and society to the material world in all its manifestations. “Economics” has been aligned with elite needs from its early use just after Wealth of Nations as … Continue reading Post # 2021 If we avoided the word “economics”
provocation # 169. Economics and world management. The world definitely needs managing - or some equivalent. Everything overlaps. Specialties don;’t work. The world is one but specialties divide it. Is there any path for economics that will make it a partner in world management? Or are we locked in to an economics that serves academic … Continue reading post # 2018. Economics and world management.
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?
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.
Are we now in a kind of early lock-in to nations and corporations and elite structures of inheritance, education and rewards? I sense a shift in atmosphere, rather than an easy to describe shift in consciousness and categories. The West seems riddled with lack of leadership. The past looms. Europe seems small and the US … Continue reading post 2013. Early lock-in?