Why Marx Got It All Wrong

Angus Deaton on why and how economics must change .[embedded content]

When I think of the places on the planet that seem optimized for solar and wind power generation, I think of deserts like the Sahara and the desert Southwest in the US. And yet Germany is generating a growing share of its electricity through these renewables:“Preliminary data by energy market research group AG Energiebilanzen (AGEB) showed that onshore wind turbines produced a record 114.2 terawatt hours (TWh) in Germany in 2023, while solar PV...

Embracing a Post-Capitalist Future

Updates on Green House Gas and Climate Change. Rather than have readers flip from chart to chart on different pages, I consolidated the Green House Gas charts on one page. When it says see Figure 2 or 3, the chart is nearby and clearly marked. The update as marked on the original piece is Web update: November 2023. So, this is fairly current. It appears the US is making some headway in decreasing emissions. It also is said, the US has a long way to...

Graph 1. The increasingly inefficient use of carsSummary: parking places are a woefully inefficient use of space. And ugly. Cars are a woefully inefficient use of machinery. Using them, in combination with bi-directional charging of cars, to produce solar can amend this. Doing this the right way, parking places can be beautified, costs will go down and life will be more pleasant. A typical car is, like a washing machine, a household appliance. As such, they are woefully...

Unlike anthropologists … economists simply invent the primitive societies we study, a practice which frees us from limiting ourselves to societies which can be physically visited as sparing us the discomforts of long stays among savages. This method of society-invention is the source of the utopian character of economics; and of the mix of distrust and envy with which we are viewed by our fellow social scientists. The point of studying wholly fictional, rather than actual...

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. Share this:Like Loading...

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