The teaching of economics — captured by a small and dangerous sect The fallacy of composition basically consists of the false belief that the whole is nothing but the sum of its parts.  In society and in the economy this is arguably not the case. An adequate analysis of society and economy a fortiori can’t proceed by just adding up the acts and decisions of individuals. The whole is more than a sum of parts. This fact shows up when...

One motivation to getting my genome sequenced was to see whether I had known risk alleles for dementia (spoiler alert: I don’t). My dad was diagnosed with frontotemporal lobe dementia a few years before he died. His brain biopsy after death returned a diagnosis of Alzheimers. He might have had both.One of the known risk alleles is ApoE4. Homozygosity for ApoE4 is a strong predictor of Alzheimers by the eighth decade. I knew I wasn’t homozygous for...

I wait for policy to be enacted. And since I understand the impact, I strategize after it it has been put into effect, not before. 

General Motors Receives $500M Federal Grant to Electrify Lansing Grand River Plant by R.J. King DBusiness Magazine AB: Plant conversions from building gasoline and diesel driven vehicles to EVs. A timely move even if the newer models will require need modifications in later years. General Motors Co. today announced it has received a $500 million grant from the U.S. Department of Energy to assist in preparing its Lansing Grand River plant...

Housing permits and starts stabilize, but construction comes close to generating yellow recession caution signal  – by New Deal democrat There was good news and bad news in this morning’s report on housing permits, starts, and construction. The good news is that both permits and starts stabilized after last month’s initially reported multi-year lows. The bad news is that single family permits declined further, and even worse the metric best...

The new UK government is signaling some reasonably ambitious reforms on the labour policy front (certainly more ambitious than most were expecting, given the Labour Party’s austere pre-election rhetoric and platform). They call the vision a New Deal for Working People . The policy framework is called A Plan to Make Work Pay. Broad features of the plan were mapped out in the King’s Speech (akin to our Speech from the Throne in Canada) delivered yesterday, and include: Strengthening...

Barn av vår tid .[embedded content] .[embedded content] Ulf Dageby (1944-2024) In Memoriam

Several years ago, I got my genome sequenced and obtained my variant call files, the tabulation of all differences between my gene sequences and the annotated human genome. Although my primary care physician was aware, I didn’t require his intermediation to obtain or interpret my genomics data. How I might react to adverse information was up to me. I’ve referred to my variant spreadsheet many times since then, whenever I’ve read about a new variant...

By Tom Walker Econospeak Book proposal: Marx’s Fetters and the Realm of Freedom: a remedial reading — part 2.4 Marx’s remarkable, yet largely neglected statement that “[t]he whole development of wealth rests on the creation of disposable time” and his subsequent analysis of the relationship between disposable time, superfluous products, and surplus value suggests an alternative analysis of alienation that identifies disposable time itself as...

J.D. Vance’s Yale Law School Classmates Trying To Derail His Political Career It’s not flattering to the GOP pick for Vice President By Kathryn Rubino  Sigh. So Yale Law School’s own J.D. Vance was selected as Donald Trump’s running mate yesterday. It’s a victory for ass-kissers everywhere, and those who haven’t spent the last few years writing about the very junior senator from Ohio are trying to figure out what the maybe vice president is...