from Herman Daly and RWER issue 102 Let’s draw a big circle around the rectangle and label it “”Environment”.  The Earth-environment, let us say, has one input from space, solar energy, and one output back to space, waste heat. No significant material inputs from or outputs to space.[1] Materials circulate as energy flows through the environment. The inputs to the economy come from the containing finite environment and constitute depletion, a cost. The final outputs return to the...

It’s gonna take me time to process this whole thing.

 Another post of conventional economists not being keen on applying logic to their reasoning.Lars P. Syll’s BlogThe Keynes-Tinbergen debate on econometricsLars P. Syll | Professor, Malmo UniversityPolitics seems to suffer from a similar syndrome. While economists sacrifice logic for mathematical modeling including tractability, some politicians appear to be mathematically challenged.[embedded content]

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The Keynes-Tinbergen debate on econometrics It is widely recognized but often tacitly neglected that all statistical approaches have intrinsic limitations that affect the degree to which they are applicable to particular contexts … John Maynard Keynes was perhaps the first to provide a concise and comprehensive summation of the key issues in his critique of Jan Tinbergen’s book Statistical Testing of Business Cycle Theories … Keynes’s intervention has, of...

The USPS Eagle spins S&DCs to postal employees, Save the Post Office, Steve Hutkins The cover story of the new issue of the Postal Service’s Eagle Magazine is “Re-Thinking Local Delivery.”  It’s all about the big, new, modern Sorting and Delivery Centers that will replace carrier operations at your local post office. The article has a graphic showing a delivery vehicle out on a route making stops at the ten benefits of the new network:...

AB: Think about it. How does SCOTUS decide on some far-flung theory rejected by the founding fathers. Repubs claim NC high court decision canceling “extreme gerrymander by the state legislature violating the state’s constitution” violated the “independent state legislature theory” (ISLT). AB: This was a preposterous contention that state legislatures, acting alone, without executive approval or judicial oversight, have the power to establish...

Blog The race class narrative: building a new narrative We’re looking down the barrel of a cold, difficult winter. But some politicians want us to think the biggest threat facing the UK is the ‘wokemob’. By Ayesha Baloch 20 February 2023 This is...

Last Monday, I wrote about the global need for us to abandon meat production for food, and, instead take up plant-based diets. Many people interpreted that argument as a personal attack on their dietary freedom, which indicates they fell into a fallacy of composition trap and declined to see the global issue. As part of my series on the Degrowth agenda, the other aspect about food which is important is that we have a propensity to produce too much food and distribute what we produce...

Another Message Board Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’ve moved my irregular email news from Mailchimp to Substack. You can read it here. You can also follow me on Mastodon here I’m also trying out Substack as a blogging platform. For the moment, I’ll post both at this blog and on Substack. Share this:Like this:Like Loading...