My last post dug into the challenge of equilibrium in economics. It’s an analytical lens, inherited from physical scientist Isaac Newton. When an economist invokes equilibrium and then looks through that lens only, doing so may obscure other aspects of emerging problems in actual economies. Laissez-faire economists were unable to cope with Great Depression problems […]
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How to reclaim a sense of Francis Bacon’s wonderment about capitalism’s future? About America’s road ahead? About the future of participatory American democracy? Let’s start with these three things. We’ll be expanding on each and explaining their necessity for America to thrive. First, demarcate productive capitalism. Then, draw a bright line around what capitalism is […]
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