1915. Population and economics

Provocation #112 Population As we look for positive plausible scenarios for the future we need to be imaginative, compassionate and realistic. Economics can play a crucial role in creating an economy that is supportive. But when the history of our time is written a key question will be: why didn't we deal with the obvious?... Continue Reading →

1905. Need for renewal in economics.

Toward renewal Economics [thoughts]ought to be about the economy [what is] and economy is the way society deals with just about everything. But economics stays limited while the actual economy shifts toward corporate feudalism, monopoly, and corruption. The sociology of relations and structures, the anthropology of needs and institutions, and the philosophy of the fit... Continue Reading →

1901. The problem of narrow history.

Provocation #105 The problem of narrowing perspective in history The strategy of historians, especially of a field or a nation, is simple. They pick out in the past the major figure, or a few, that are obvious points of origin of the best qualities of the current state of affairs. Adam Smith played (or was... Continue Reading →

1898. the reduction to pleasure and pain

It is important to bear in mind that Adam Smith was at a cross roads in thinking, between a literary and a newtonian approach to understanding society. The imperative in economics. and much of intellectual life in current times, is toward calculability, which requires assumptions of stability, which is politically conservative. The needs of “big... Continue Reading →

1892. Economics doesn’t know what people want.

The provocation is simple: economics doesn’t know what people want. Some related thoughts. (probabaly too long, the smokey hot weekend made thinking go lazy) Adam Smith was a little like Einstein: a personality and perspective so powerful that we don’t see much else, before or after. Though in Smith’s case, the immediate next generations of people... Continue Reading →

1886. Growth drives inequality

Provocation # 99.Growth increases inequality.Growth is considered essential by most economists. Why? Growth tends to create more climate warming. Growth is necessary to pay the interest on debt. Many people earn their income through growth (brokers of all kinds, banks, etc).Growth also incentivizes investment in automation (robots, algorithms).But there is a deeper problem: growth, while... Continue Reading →

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