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.
Cutting energy use to stay under 2 degrees will have cascading effects. The energy for commuting for example, lets say cut enough that some people can’t get to work (as we know people drive increasingly long distances). The building they drive to also un-heatable and coolable. Not useable. What happens? Mortgage doesn’t get paid, anks … Continue reading post 2054 cascading effects in economic shifts
We are in a paradox, first amassing big data to intercorrelate everything and tying all the data sets together into one giant machine (Mirowski ). At he same time we are missing the big thing going on - the undoing of the planet - that we needed to know. The who, what why and when … Continue reading Post # 2051 big data vs unique event.
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 # 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 #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 # 199 migrations and climate Provocation . Just back from Malaysia working with others to set up an initiative on global warming, a hopefully more holistic approach to economics, philosophy, politics [All three of these words come from Athens.] While there I met Stephen Oppenheimer who wrote out of Eden, the history of how … Continue reading Post @ 2031 Climate and migrations
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