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Author Archives: evolvinghumansystems
Productivity, Compensation, Demand & Debt
Data from the Bureau of Labor Statistics makes it clear that–unlike the three decades preceding it–the 30 years following the election of Ronald Reagan have seen the growth rate of worker compensation fall far short of the increase in worker … Continue reading
Posted in Economics
Tagged debt, economics, productivity, Steve Keen, Thomas Palley, worker compensation
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Europe at an Evolutionary Crossroads
As the latest phase of the Euro-crisis intensifies, it seems increasingly clear that Europe is at a difficult and historic crossroads in its long, slow transition from horrific warfare (and economic depression) during the first half of the 20th century, … Continue reading
Posted in Economics, Human Evolution, Modern Monetary Theory
Tagged economics, Europe, eurozone, MMT
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Understanding and Embracing The Sovereign Currency Opportunity
As I read about the “debt problem” and hear it discussed endlessly on TV news shows, I find myself deeply disappointed to note how many journalists, politicians and even economists fail to make the distinction between private debt (i.e., debt … Continue reading
Posted in Economics, Modern Monetary Theory
Tagged Dan Kervick, economics, MMT, sovereign currency
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MMT & the New Economy Movement: A Macro-Micro Marriage?
In a recent post I discussed both Modern Monetary Theory and the New Economy Movement. As that and a subsequent post indicated, MMT reflects a distinctly macroeconomic perspective, focused as it is on macro-level account balances; aggregate demand and price … Continue reading
Posted in Economics, Modern Monetary Theory, New Economy Movement
Tagged Bill Mitchell, MMT, New Economy Movement
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Striking at the Roots
My last post considered a proposal by Dan Kervick, a blogger at New Economic Perspectives, to more closely integrate fiscal and monetary policy, and to transition the latter from the control of a Central Bank that’s mainly responsive to the … Continue reading
Integrating Fiscal and Monetary Policy
To provide a little more background on Modern Monetary Theory (MMT) and its significance, I though it would be helpful to discuss some additional MMT-related material. In this post I want to focus on a recent blog post by Dan … Continue reading
New Growth Theory & Internet Policy
As I mentioned in my last post, which focused on Modern Monetary Theory (MMT), I’m working toward a post that will explain how a combination of MMT and New Growth Theory (NGT) can have major significance related to Internet policy … Continue reading
Modern Monetary Theory: Relevant to broadband policy?
As mentioned in a prior post, Modern Monetary Theory (MMT) “provides an alternative to the dominant neoclassical framework for understanding the federal deficit and modern monetary systems.” As that post noted, this enables the federal government to, among other things, … Continue reading
Posted in Communication Policy, Economics, Modern Monetary Theory
Tagged Internet access, Internet policy, MMT, Modern Monetary Theory
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New Perspectives on the Economy
Since economics is supposed to be the study of the exchange of value and (hopefully) the increase in prosperity and well-being among human beings, it will be a central thread of future discussion on this site. The general perspective I’ll … Continue reading
Posted in Communication Policy, Economics, Human Evolution, Modern Monetary Theory, New Economy Movement, New Growth Theory, Political Reform
Tagged banking, Bill Black, community wealth-building, economics, evolutionary reconstruction, Gar Alperovitz, generative economy, Institute for New Economic Thinking, MMT, Modern Monetary Theory, New Economic Perspectives, New Economics Institute, The Democracy Collaborative
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Innovation and Inner Peace
Nick Carr has a thought-provoking post entitled The hierarchy of innovation on his Rough Type blog. For those not familiar with him, Carr is the author of “The Shallows: What the Internet Is Doing to Our Brains.” According to a New York … Continue reading
Evolving Human Systems 