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 →

1890. Politics in an age of global warming

How to face the issues we are now confronting? What policies, what politics, what action?   People generally seem to think that the right idea will save the situation. But real history is always the playing out of forces, aided by ideas, in conflict where the outcome has gone to the stronger.  This implies that we... Continue Reading →

1889. Houston and beyond

I have followed much of the reporting on Houston, Harvey and earlier, Katrina, Iraq, the California drought and rains.  Obviously we are slow to imagine the scope of these events. As citizens and as governments. Houston faces the problem of - how many people displaced? We have two middle class family friends who live in... 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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