Ending Police Brutality: It’s Not That Simple

The smart phone videos of cops harassing or beating unarmed Black males have exploded on social media. Newspaper articles discuss the various difficulties involved in prosecuting police for excessive force, murder, etc. Video pundits left and right proclaim or admit that something is just not right. They acknowledge that Black parents have to train their … More Ending Police Brutality: It’s Not That Simple

When Power Speaks to Truth: The New Authoritarian State Exposed in Ferguson, Missouri

The admonition, “Speak truth to power” is heard when outrage at injustice leads folks to seek resolution by articulating righteous truth in the face of evil. It is usually an institutionalized evil against which truth is invoked. That is because the power referenced is usually that of some overbearing bureaucracy or unfair action by someone … More When Power Speaks to Truth: The New Authoritarian State Exposed in Ferguson, Missouri

Laws of Nature and “Laws” of Economics

Most people believe that the laws of physics and the laws of chemistry are real and the legitimate facts resulting from scientific investigation over the past few centuries. Most people also believe that economics is a science. Well, it’s not quite that simple. Human behavior often follows consistent patterns – not quite “laws” – but … More Laws of Nature and “Laws” of Economics

The Greatest Challenge Ever to Human Ingenuity

We usually think of innovation as creating new technologies to solve problems or improve some industrial process, or invent new products. Throughout the Industrial Age, economic growth and productivity have resulted from innovations in the production of goods and services. The integration of new technologies with labor and new energy sources, first coal, then oil, … More The Greatest Challenge Ever to Human Ingenuity

Global Capital, Illusions of Wealth, and the Walking Dead

Any genuine scientific analysis of the trajectory of global capital is hard to find. Economic history is rife with ideological stories of “wealth creation,” “capital formation,” and the mythical “invisible hand.” What is capital? What is wealth? What is money? Well, they are all pretty much taken for granted in most economic thinking – conveniently … More Global Capital, Illusions of Wealth, and the Walking Dead