Post # 2019 Could the problem be capitalism?

Provocation #170 What if the problem is capitalism? Without safeguards the dynamics of the rich having better access to market information and cheaper credit means those with capital continue to get richer. Simple dynamics at play. To keep this excess manageable safeguards must be continually active, but increasing complexity keeps the dynamics hidden. The counter … Continue reading Post # 2019 Could the problem be capitalism?

#2018 Why Trump won. Economic more than identity

The Economic and Social Roots of Populist Rebellion: Support for Donald Trump in 2016 Thomas Ferguson, Benjamin Page, Jacob Rothschild, Arturo Chang, and Jie Chen∗ at https://www.ineteconomics.org/uploads/papers/WP_83-Ferguson-et-al.pdf Important. ABSTRACT This paper critically analyzes voting patterns in the 2016 U.S. presidential election. Using survey data from the American National Election Survey and aggregate data on Congressional … Continue reading #2018 Why Trump won. Economic more than identity

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 #2016 Bill Gates capital serving memo on climate change.

Gates Memo has today (Oct 17) My plan for fighting climate change. Climate change and the 75% problem gatesnotes.com · by Bill Gates   Bill Gates makes a proposal. I think we need to be very critical and get him to take himself more seriously. The errors and omissions of logic are representative of why … Continue reading Post #2016 Bill Gates capital serving memo on climate change.

Post # 2014. Trump, unemployment and economics.

Provocation # 165.  Trump, unemployment and economics. The argument is made that things like GDP, obviously flawed, nevertheless make possible graphs and computational models. In physics, basic assumptions, almost always get closer to the core of the phenomena. Weights falling in a frictionless vacuum for example. But in economics the assumptions , allowing for modeling, … Continue reading Post # 2014. Trump, unemployment and 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?