Provocation 2013. The lawful and the unique. Economics avoids the unique. Science has taken the view that things that can be made into “laws” are worthy of science. Unique events not so. Mary is standing by herself on the livingroom floor. Newton's F=MA tells us how much she weighs. But Mary sees Jane’s dropped handkerchief, … Continue reading Post 2027. The lawful and the unique. Economics avoids the unique.
Provocation # 206 MonopolyEconomics prides itself on mathematical sophistication, yet.. Following up on the previous Post The functioning of the market is toward monopoly because those with power and money can acquire more power and money at cheeper prices than those with less. We sort of know this, but do we imagine our way to … Continue reading Post # 2037.
Provocation # 196 Economics can be seen as a kind if systems maintenance manual, plumbing for the flow of dollars in the economy. If economics were more seriously interested in science it would raise questions like: what is capitalism, what is socialism and if we understand these, is there a third possibility? ———————— The financial times … Continue reading Post # 2025 Capitalism and economics as plumbing
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
Provocation 164. Beyond economics. Economics fails to look at key social phenomena: capitalism, ownership, quality of life, preferences, political power. In the few cases that reach outside to social consequences, the symptoms are discussed by not core consequences. A few examples: Steve Keen’s revising economic models feels bloodless, absent people, or Stiglitz/ Ocasio-Cortez who … Continue reading Post # 2011. How do we get to a more inclusive economics?
Provocation #149 Why can they get so rich? In the spirit of provocations.. Cook, Bezos and Musk all want to use money pulled from society and blow it off into outer space, abandoning earth and humanity. As Bezos has said, basically there is nothing on earth worth investing in. Some jobs are created by their … Continue reading Post #2002. Why can they get so rich?
The goal of recreating the Garden of Eden (as nice a life for humans as we could achieve) has long been replaced by turning it over to bankers and developers. The result is a megacide. This is an economy issue. We are not managing the estate well, we are exploiting the land and the people. … Continue reading 1993.Not facing issues leads to megacide.
Provocation # 143Progress vs cycles. Implications for us The current state of society brings into question the necessity, even the likelihood, of progress. But is progress actually so wonderful? Paul Valery wrote in 1900, “We later civilizations, we too know that we are vulnerable.” This was a shock to me when I read it in … Continue reading 1991. Progress vs cycles. Implications for us.
“I once rescued a friend from drowning when he was swept away by the force of the current as we were swimming in the Diyala river,” says Qasim Sabti, a painter and gallery owner in Baghdad. “That was fifty years ago,” he recalls. “I went back there recently and the water in the Diyala is … Continue reading 1989. Iraq is Threatened by Catastrophic Drought
Provocation # 140. Post crisis economics. It is hard to discuss new economics when the tendency of most discussions is to reform enough to , as Giuseppe De Lampadusa said in the Sicilian-set novel The Leopard, “Things will have to change in order to remain the same.” An alternative approach is to assume major shocks … Continue reading 1981. Post crisis economics