I have written about my disagreements with the pentagon about military procurement here, here, and here, April 11 2022 I wrote “5. some relatively cheap weapons are highly effective. They include Javelin, NLAW, Stinger, and StarStreak shoulder fired missiles. They also include Bayraktar drones. They may include Switchblade suicide drones (not depoloyed yet). They have somethings in common or especially they all lack some things. Shocking price...

On the importance of history and methodology Nowadays there is almost no place whatsoever in economics education for courses in the history of economic thought and economic methodology. The standard view among mainstream economists is that students shouldn’t think about what they are doing, but just do it. This is deeply worrying. A science that doesn’t self-reflect and asks important methodological and science-theoretical questions about its own activity,...

Figure 1: Order of Rentability Varying with Relative Markups1.0 Introduction Ownership is not productive, as Joan Robinson informs us. But, at least under competitive conditions one might hope, more productive assets earn their owners more than less productive assets. And this applies to scarce skills as well. But none of this is necessarily true, either. This article presents a numerical example in which, among scarce lands, rent per acre is higher on more fertile land only when...

[embedded content]Must see video (but I'm sorry to say in Portuguese). The talk at the last Demand-led Growth conference not yet available was in English, but much shorter. Once that is published I'll link it here.

Is anyone else having trouble with Chrome. I get a page not private error when I tried to open this page. I am now using Firefox. Chrome seems to have added a popup which, first of all, demands attention, but second of all causes older Chrome to correctly note that Chrome has become malware and block my access (for example to this page). Now many companies do this sort of stuff, but, until now, Alphabet has behaved well. I think it...

This is a great story which should be told each year. Labor and the importance of it in society and manufacturing. Labor adds the vale to manufacturing product. September 3, 2023, Letters from an American, Prof. Heather Cox Richardson. Almost one hundred and forty-one years ago, on September 5, 1882, workers in New York City celebrated the first Labor Day holiday with a parade. The parade almost didn’t happen: there was no band, and no one...

The topic is important as too much resource and funds may be being spent on care with little return. Eighty-one percent of combined low value care was by out of network clinicians of which 90% was by specialists. There is some issues here. If I can find more detail, I will revise this short blurb. The impact of low-value care received by Medicare beneficiaries outside of their health systems (medicalxpress.com), Timothy Dean. Results from a new...

How much would it cost consumers to give farmworkers a significant raise? A 40% increase in pay would cost just $25 per household, Economic Policy Institute, Daniel Costa and Philip Martin, October 15, 2020 A 40% increase in pay would cost just $25 per household . . . This was up in 2020 at posted by Dan. Doing some of the housework around Abgry Bear, I ran across this post as displayed by Dan. I added the chart. Framers are still the...

People try to avoid discomfort and adversity, but that is the wrong strategy. 

from Lars Syll You ask me what all idiosyncrasy is in philosophers? … For instance their lack of the historical sense, their hatred even of the idea of Becoming, their Egyptianism. They imagine that they do honour to a thing by divorcing it from history sub specie æterni—when they make a mummy of it. Friedrich Nietzsche Nowadays there is almost no place whatsoever in economics education for courses in the history of economic thought and economic methodology. This is deeply worrying....