Monthly Archives: February 2019

High Inflation is Tied to Natural Scarcity, Baumol’s Cost ‘Disease’ and Bullshitization of Work

Podcast available at https://soundcloud.com/user-280580802/18-high-inflation-is-tied-to-natural-scarcity-baumols-cost-disease-and-bullshitization-of-work The wave of automation should suggest that prices in the economy should substantially decrease as increasing technological content that displaces workers should reduce the number of workers employed in that sector. Assuming that there is no … Continue reading

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Efficiency as a Curse?

The German philosopher Richard David Precht writes about the perils and opportunities of the robotics revolution as it will take many jobs and make a basic income necessary. He is very welcoming of automation but raises a fair question about … Continue reading

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Three Stages of Technological Change

Podcast available here: https://soundcloud.com/user-280580802/17-the-three-stages-of-technological-change-2182019 There are three stages of technological change affecting the workplace, which most economists have agreed on (excluding agricultural automation, which dates back to the earliest twentieth century): (1) in the 1980s, low-skilled jobs in manufacturing get … Continue reading

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Why Is Freedom From Wage Labor Considered a Crisis?

Lowrey (2019) argued in an interview that she is concerned that even with UBI we are not solving the jobs “crisis”, but the assumption she makes is that meaning comes from the dependent wage worker relationship. The Germans have a … Continue reading

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Book Review: Anthony Atkinson, “Inequality: What Can Be Done” (2015, Cambridge: Harvard University Press)

Podcast available here: https://soundcloud.com/user-280580802/16-book-review-of-anthony-atkinson-inequality-what-can-be-done Atkinson’s penultimate book (he died on January 1, 2017) has been a practical application to a topic to which he devoted a lifetime of studies: inequality and what can be done about it. Within the economics … Continue reading

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Francis Fukuyama is Right on National Identity

I have generally used Fukuyama’s liberal victory thesis as a bogeyman to trash because of my dislike of neoliberal capitalism, but Fukuyama’s insights post-Trump election are all quite valuable: the liberal order cannot prevail because neoliberalism (and its ramifications like … Continue reading

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