Economics: Uncovering the Path to Human Flourishing

Pavlina Tcherneva, a Professor of Economics at Bard College and a Research Scholar at the Levy Institute, has written a concisely, argued case for a federal job guarantee within the context of a Green New Deal. Citing its origins in FDR’s 1944 Economic Bill of Rights and the U.N.’s Universal Declaration of Rights, and the, at least nominal, commitment to the idea of full employment that prevailed through every administration until it was quashed with the election of Ronald Reagan, Tcherneva...

“At the end of the day, remember, it is the demand that will decide and dictate what sort of energy source will help meet the growing global energy requirements.”  To end fossil fuels, “remember, it is the demand that will decide,” Carbon Upfront. Open Thread December 23 2023 Nippon Steel Purchasing U.S. Steel, Angry Bear ...

The Zero Sum Financial Equation

from Peter Newell and RWER issue 101 All wealth in the end is ecological. Economists contend that growth can continue indefinitely because they measure growth in terms of economic value rather than material throughput (Jackson and Victor 2019). Yet we diminish natural wealth and undervalue its exhaustion at our peril. Even in a highly financialised and service oriented economy, where direct connections to patterns of resource extraction and consumption are sometimes less observable,...

Temperature's Impact on GDP Revealed

A bit of history for Angry Bear readers which should be remembered. December 28, 2023, Letters from an American, Prof. Heather Cox Richardson On the clear, cold morning of December 29, 1890, on the Pine Ridge Reservation in South Dakota, three U.S. soldiers tried to wrench a valuable Winchester away from a young Lakota man. He refused to give up his hunting weapon. It was the only thing standing between his family and starvation, and he had no...

Been looking around for a few, new, and good writers to add to Angry Bear. I know we have Robert, New Deal democrat, and Joel amongst us now. I ran into Steve Roth since he posted to Tom Walker’s post. He is allowing me to poach from his new substack Wealth Economics and an older blog site Asymptosis. Happy about this as it allows me to write more freely too. Anyway, this commentary of Steves’ I like. Do We Wildly Underestimate GDP? Wealth...

 With friends like this... This is NOT a review of the Smiths (the band), and neither of (or at least not a full one) of Glory M. Liu's (relatively) new book Adam Smith's America: How a Scottish Philosopher Became An Icon of American Capitalism. For a proper review go read Kim Phillips-Fein's one. In a sense, the book remind me of Bernard Shaw's famous saying that UK and the US were two countries divided by the same language. Here the gap is between fields, and there are two gaps, one within...

I did that in 1976, when it was crazy!