[unable to retrieve full-text content]I have been reading Lloyd for about 20 years now. His specialty I would say is the environment and environmental issues and how humans cause the good, bad, and ugly of them. Good reading with multiple flow charts. Some detail before the Commentary by Llyod. Lawrence Livermore National Laboratory (LLNL) produced the first diagrams illustrating […] The post Lessons from Livermore’s 2023 Energy Consumption Chart appeared first on Angry Bear.

21st of October 2024 I am so happy to have been asked to contribute to this round table in honour of David. We were close friends for over fifty years. All who knew him well could sense the extraordinary unity between his life and work. His life bore testimony to his ideals. There were no obvious tensions, loose pieces. I want to capture something of what we got from him because his thinking remains an indispensable fount of wisdom in an increasingly deranged world. Let me start...

A massive release of pent up angst.

Minsky quote that underlies not only Keynes but also MMT.Lars P. Syll’s BlogOn Sraffa and KeynesLars P. Syll | Professor, Malmo University

[unable to retrieve full-text content]– by New Deal democrat [I was busy doing my civic duty the past few days. I’ll have something to say about the election at some point later, but not now.] Yesterday the ISM services report came in very strong for the second month in a row, with the headline at 56.0 and the more […] The post The economically weighted ISM average indicates economy expanding nicely, but likely in latter stage of the cycle appeared first on Angry Bear.

On Sraffa and Keynes Both neo-classical and Sraffian theory stand mute when it comes to money and accumulation under capitalist conditions. In both frameworks the central areas of “the theory of money and the theory of capitalist accumulation” are among “the difficult analytical problems” that “remain to be settled” … A profit flows based analysis of an accumulating capitalist economy requires that the analysis include money and banking from the very...

It’s a good day!

November 5 2024. A date that will live in infamy.

[unable to retrieve full-text content]Monthly Construction Spending, September 2024, Census Bureau Construction spending estimates are comprised of estimates based on mail-out/mail-back and interview surveys of selected construction projects and building owners, and estimates developed or compiled from other Census Bureau, federal agency, and private data sources. Total ConstructionConstruction spending during September 2024 was estimated at a seasonally adjusted annual […] The post...

Logic and truth in economics To be ‘analytical’ and ‘logical’ is something most people find recommendable. These words have a positive connotation. Scientists think more deeply than most other people because they use ‘logical’ and ‘analytical’ methods. In dictionaries, logic is often defined as “reasoning conducted or assessed according to strict principles of validity” and ‘analysis’ as having to do with “breaking something down.” But that’s not the whole...