Mike Norman Economics

With 2017 coming to a close, I wanted to put together a list of highlights like I did last year. This year was the year of dynamic information equilibrium as well as presentations. It was also the year I took some bigger steps in bringing my criticisms of economics and alternative approaches to the mainstream, having an article at Evonomics and publishing a book.... Information Transfer EconomicsInformation transfer economics: year in review 2017Jason Smith

Cash levels at all time highs.Cash in the S&P 500 Industrials (Old) sets record for Q3,’17 with $1.58 Trillion, up $50 billion in Q3,’17; Information Technology dominates with $730 billion in cash— Howard Silverblatt (@hsilverb) December 3, 2017

Public non-market production makes up a quarter to a half or more of all economic activity among advanced democratic nation-states. Yet the public economy’s ability to function on behalf of the populace as a whole is seriously imperiled in many western democracies, and particularly jeopardized in the United States. The surging influence of mainstream economics has been a prime factor in the degradation of the public domain over the last several decades – a phenomenon that James Galbraith...

Andre Vitchek says how Borneo of Indonesia is being destroyed by imperialist capitalist exploitation. Through mining and logging the landscape has been reduced to mud as corporations scramble to make their investors fabulously rich.  Now it is all black around her. It is desperate and depressing. But she doesn’t look suicidal, miserable, or even guilty. She does precisely what she was told to do under General Suharto’s military dictatorship, which was sponsored by the United States and...

An absolutely superb documentary by the Jewish film maker, Ronen Berelovich. He says how only 5% of Israelis, those who have served in the armed forces, have any idea what goes on in the occupied territories and so he made this film so that no one could have the excuse they didn't know. [embedded content]

The investigation into suspected collusion between US President Donald Trump and the Russian government has claimed its first three victims: one (Paul Manafort) for completely unconnected money laundering charges, and two (George Papadopoulos and Michael Flynn) for lying to investigators about things which were not themselves criminal, and which are therefore crimes which would never have happened had there never been an investigation. To date, the evidence of direct collusion between Trump...

Update.Social Democracy For The 21St CenturyBibliography on Post Keynesian Economics (Updated) Lord Keynes

If you didn't catch these Scott Adams Dilbert cartoons over the last couple of days. Comic for November 28, 2017 Comic for November 29, 2017 Comic for November 30, 2017 Comic for December 01, 2017 Comic for December 02, 2017

Robotization of the military. The story is about Israel, but other countries are also doing so, including the US, Russia, and China, which all have the necessary industrial capability.While this will be an expensive area to develop, it's a whole lot less costly than supporting a human force and less controversial with respect to domestic politics.It's coming down to who has the most industrial power and computing power.The Chinese have an natural advantage in that their strategy is based on...

Scientific aspects of Systemic vs. Localized examined here at Revere Health. A localized disease is an infectious or neoplastic (benign or malignant tumor) process that originates in– and is confined to–one area of the body or organ system.   A systemic illness is one that affects the entire body, rather than a single organ or body part. Many organs and tissues might be involved in the complex disease process. Matters can be correctly analyzed via/from either of these aspects.