Summary:
About power. Marx got this, so it was ruled out of polite conversation and conventional economics, which acknowledges power ("monopoly power") but seldom investigates it or calls it out. Adam Smith got it, too. That is seldom mentioned though. Instead Adam Smith is misrepresented as basing his analysis on "the invisible hand" of the market, which Smith scholar Gavin Kennedy shows he did not do. It's a fiction that seems to originate with Paul Samuelson.Cliodynamica — A Blog about the Evolution of CivilizationsThe Left Case against Open BordersPeter Turchin | professor at the University of Connecticut in the Department of Ecology and Evolutionary Biology, the Department of Anthropology and the Department of Mathematics, and the vice president of the Evolution Institute.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
About power. Marx got this, so it was ruled out of polite conversation and conventional economics, which acknowledges power ("monopoly power") but seldom investigates it or calls it out. Adam Smith got it, too. That is seldom mentioned though. Instead Adam Smith is misrepresented as basing his analysis on "the invisible hand" of the market, which Smith scholar Gavin Kennedy shows he did not do. It's a fiction that seems to originate with Paul Samuelson.Cliodynamica — A Blog about the Evolution of CivilizationsThe Left Case against Open BordersPeter Turchin | professor at the University of Connecticut in the Department of Ecology and Evolutionary Biology, the Department of Anthropology and the Department of Mathematics, and the vice president of the Evolution Institute.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
About power.
Marx got this, so it was ruled out of polite conversation and conventional economics, which acknowledges power ("monopoly power") but seldom investigates it or calls it out.
Adam Smith got it, too. That is seldom mentioned though. Instead Adam Smith is misrepresented as basing his analysis on "the invisible hand" of the market, which Smith scholar Gavin Kennedy shows he did not do. It's a fiction that seems to originate with Paul Samuelson.
Cliodynamica — A Blog about the Evolution of Civilizations
The Left Case against Open Borders
Peter Turchin | professor at the University of Connecticut in the Department of Ecology and Evolutionary Biology, the Department of Anthropology and the Department of Mathematics, and the vice president of the Evolution Institute.