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    Commentary, Economics / capitalism, David Ricardo, democracy, machinery question, technology, unemployment, workplace /

    Chapter Thirty-One

    April 16, 2021

    There’s a story about Richard Feynman who is reputed to have said that anyone who claims to understand quantum physics almost certainly does not.  This coming from someone who almost certainly did.  I have much the same reaction to anyone who claims to have understood Ricardo on their first read through his work.  Then again, […]

    Commentary, Economics / capitalism, democracy, Jamie Dimon, JP Morgan Chase /

    Odd Contradictions

    April 15, 2021

    Jamie Dimon, CEO of JP Morgan Chase writes his annual letter to shareholders, Wall Street quivers in anticipation at his wisdom.  This year’s is a doozy.  Dimon, it seems, wants to explain to us all that corporations play many roles in society and are not simply focused on “short term rapacious profit taking” (his words, not […]

    Commentary, Economics / artificial intelligence, capitalism, democracy, digitization, industrial revolution, inequality, Mokyr /

    The Crooked Timber of History

    April 1, 2021

    I was lucky enough last week to meet a few friends for the first time in person since the pandemic swept all before it.  We are an eclectic group with more than a fair influence of Wall Street.  Given all that is going on, and has gone on since we last met face-to-face, I expected to […]

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