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Category Archives: Economics
Which Kind of Internet Do “We the People” Want?
I believe we’re at a key crossroads in the evolution of the Internet, our economy and society as a whole. And, as I’ve discussed, I believe a combination of New Growth Theory and Modern Monetary Theory can help us choose … Continue reading
NGT, MMT and Internet Policy: Overview
In this post I want to review some of the key points covered in several earlier posts. My goal is to set the stage for an Internet policy proposal based on a synthesis of New Growth Theory (NGT) and Modern … Continue reading
How Best to “Upgrade America?”
I just read Blair Levin’s recent “Upgrading America” speech, whose subtitle is: “Achieving a Strategic Bandwidth Advantage and a Psychology of Bandwidth Abundance To Drive High-Performance Knowledge Exchange.” As its longish subtitle (and reference to “combinatorial innovation”) suggests, Levin seems to … Continue reading
Social Costs of the “Looming Cable Monopoly”
At the end of an earlier post, I suggested that: …combining elements of New Growth Theory and Modern Monetary Theory [can] provide a rationale for increased federal investment in neutral, very-high-capacity broadband networks. In this post I’ll continue that discussion, focusing … Continue reading
Archi’s Acres: A Single Solution to Multiple Problems
This morning I read a post by Dylan Ratigan announcing he was leaving MSNBC and a 15 year career in financial journalism (and an annual compensation said to be in the $1 mil. range) to more directly work with the … Continue reading
Rethinking “Productivity”
This post was prompted in part by a recent New York Times opinion piece by Tim Jackson, professor of sustainable development at the University of Surry, and author of “Prosperity Without Growth: Economics for a Finite Planet.” The provocative title … Continue reading
Key Points From MMT Economics Textbook Draft
Today Bill Mitchell posted some draft material from the MMT-oriented textbook he’s co-authoring with Randall Wray, another leading MMT thinker. I thought I’d post a few brief excerpts from it, since they nicely summarize several core elements of MMT. The … Continue reading
Social Security: It’s About REAL Productive Capacity
I visited the MMT-oriented New Economic Perspectives web site today and found another of the animated videos produced by students in Eric Tymoigne’s modern money course at Lewis & Clark College (I’d posted a link to an earlier video here). The video focused … Continue reading
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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Evolving Human Systems 