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    Economics / Aghion, growth theory, inflation, marginalism, neo-classical economics, Robert Solow, Schumpeter, total factor productivity, wages /

    Economics as Myth Making

    August 18, 2021

    Well that was an interesting summer.  At least I managed to reduce my pile of unread books slightly.  Only one or two to go.  And now it’s back to … what exactly?  So little seems to change.  There are just so many times I can read sentences beginning with “Neoclassical theory does not explain …”. […]

    Commentary / E. O. Wilson, technology /

    Technology: Being and Belief

    July 23, 2021

    Untethered from questions of inflation, infrastructure spending, and cryptocurrencies, all of which have been occupying my time in recent weeks, permit me time to speculate on something a little more provocative [this remains a work in progress]: E. O. Wilson was here before us when he said: “We exist in a bizarre combination of Stone […]

    Economics / bank capital, banking, cryptocurrency, technology /

    Techno Babble

    July 1, 2021

    What is about technology?  It’s either a panacea for all our ills, or it’s the cause of all the aforesaid ills.  Why can’t we make up our minds? This morning’s Financial Times is, sort of, a good demonstration of the confusion we are in. On the one hand there’s any article about cryptocurrencies.  On the […]

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