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    Economics / economic theory /

    Quote[s] Of The Day #2

    November 14, 2013

    From Norbert Weiner in his “Cybernetics” published in 1961: “We are swimming upstream against a great torrent of disorganization, which tends to reduce everything to the heat death of equilibrium and sameness … In this, our main obligation is to establish arbitrary enclaves of order and system … Like the Red Queen, we cannot stay […]

    Commentary / austerity, economic policy, economic theory, government spending, inequality, plutocracy /

    Inequality Is Political

    November 8, 2013

    Let me end the week by tying a few things together. Bear with me. First, I have spent some time talking about inequality. I see this as our greatest long term issue, but more in terms of politics than economics. Why? Because the extent of inequality in society is something we choose through our political […]

    Commentary /

    Occupy Economics

    November 7, 2013

    Forgive me for my exasperation. There are too many disparate efforts to rethink economics, conferences on this, and papers on that. I admire each and every one. I support whole heartedly any attempt to shake economics from its irrelevant torpor. But all this fractured effort is achieving nothing. It cannot succeed in the face of […]

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