This paper argues for broadening the application of hysteresis to institutions, policy lock-in, psychology, identity, and economic ideas. Hysteresis is an element of historical processes, and the real world is historical. That explains why hysteresis is pervasive and important. Hysteresis should be a fundamental building block of political economy. Expanding its application in economics is […]

The Neoclassicals have RUINED our vision of Scarcity...

Fiscal transfers are peaking for this cycle. Fading support for the market.

[unable to retrieve full-text content]A series of lectures will be coming out of my relationship with Hong Kong’s Global University of Sustainability. These have been tiered to a Chinese audience, revealing another layer to my work. Thanks for all your support via Patreon.      Image by Владимир Харитонов from Pixabay The post Eleven Objectives of Neoliberalism first...

from Maria Alejandra Madi  Podcasts, which can now be easily accessed online, have had a recent surge in popularity, which may be attributed to their convenience. These podcasts discuss a wide range of topics that are related to the professional and academic spheres. The issue that naturally emerges is what exactly makes it qualified to be regarded as a scholarship approach. To put this another way, what exactly is it about this method that qualifies it to be used as an academic...

Coronavirus special update: the annual summer wave has arrived  – by New Deal democrat As I wrote at the beginning of this year, I would only post Coronavirus updates if there appeared to be something significant happening. And there is. There is a completely new alphabet soup of XBB subvariants that are competing with one another, and one of them, EG.5.1, has been surging in a number of countries worldwide and is now the fastest growing...

Coronavirus special update: the annual summer wave has arrived  – by New Deal democrat As I wrote at the beginning of this year, I would only post Coronavirus updates if there appeared to be something significant happening. And there is. There is a completely new alphabet soup of XBB subvariants that are competing with one another, and one of them, EG.5.1, has been surging in a number of countries worldwide and is now the fastest growing...

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This book exposes everything they're lying to us about... get it for free this week

According to this WaPo article, the average physician in the US earns $350K/yr. I didn’t click through to the actual data, but from the first table, I’m guessing that “average” means median, not mean. And physician income isn’t a Gaussian distribution—there’s a long right-hand tail for the specialties.Why is this? It looks to me like supply-and-demand is a big factor. Despite the fact that allopathic and osteopathic medical schools have expanded...