Post # 2037.

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.

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 # 2025 Capitalism and economics as plumbing

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

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 # 2020. Which scenario?  will economics help manage the choice?

Provocation # 171 which scenario?  will economics help manage the choice? As the political situation deteriorates we can foresee several possible groupings of interests 1. The Democratic party of the professional class (The Clinton grouping) 2. The disaffected: economically injured or threatened. Ferguson, et al, described) 3. The progressives:  Scandinavian style  social democracy and identity … Continue reading Post # 2020. Which scenario?  will economics help manage the choice?