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?

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 # 2011. How do we get to a more inclusive economics?

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?