doug : Dare I take a minute to tell you what is on my mind? friend: Sure doug : OK. we are on a train careening across a landscape that we can hardly see, but for those with eyes and hearts, there are people out there not doing well, and the train is falling apart, …
Worthwhile to read “over there” to know some of what is happening to opinion in the US. The anger is combined with ideology and belief rather than any economic realism about the current world. But interesting, intersting, to see how it works, and to force better analysis from any progressive side. After all, it is …
Ping Chen, Ph.D. Homepage. This fellow is amazing The Adam Smith dilemma discovered by George Stigler in 1951, i.e., the Smith theory of invisible hand and perfect competition is incompatible with the Smith theorem on the division of labor limited by the market extent which implies market monopoly. Proposed a trade-off between stability and complexity …
I’ve been reading his Concept of Dread. He builds an entire book on what we might thin of as a small deal, but as he makes clear, dread is a pervasive aspect of human lives, maybe all lives, and yet we do not recognize it, not make much of today. In the past, say in …
This is a great description of the social side of economics. Seems to pertain to today. This from Wikipedia. The Great Transformation is a book by Karl Polanyi, a Hungarian political economist. First published in 1944, it deals with the social and political upheavals that took place in England during the rise of the market …
Pascal: “The mind naturally believes and the will naturally loves; so that if lacking true objects, they must attach themselves to false ones.” (Pensées II); via JULIA KRISTEVA A Freudian Approach The Pre-religious Need To Believe.