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    Economics / Andreesen, capitalism, democracy, economic theory, machinery question, plutocracy, technocracy, technology, total factor productivity /

    Andreesen At Bay

    October 26, 2023

    The machine makers are restless! There’s quite a debate going on about something called “techno-optimism” which roughly translates as anything technological is good and will, inevitably, make us all much better off.  That it makes fortunes for its owners is of secondary importance. The debate has emerged as a result of the publication of Marc […]

    Politics / constitution, democracy, democratic party, plutocracy, republican party /

    Connect The Disconnected

    October 4, 2023

    There has been a great deal of hair-tearing this morning in the media.  Why, some are asking, did the Democrats not save poor Kevin McCarthy yesterday?  Why did they not step in and do the “institutionally” correct thing and nail him out?  After all, institution this and institution that …  Nonsense.  McCarthy is a hardline […]

    Economics / Adam Smith, Business Theory, Chandler, economic theory, Haldar, plutocracy, rent seeking /

    An Order of Men

    October 2, 2023

    And women in this more enlightened era. One of the great ironies of the last few decades is the ascendancy of “individualistic” thinking in  economic theory combined with the primacy of the “collective” we call the corporation in the real world.  The two offer highly contrasting explanations of how economic activity takes place.  The one […]

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