Puerto Rican Jubilee

All basic infrastructure in Puerto Rico is down and remains nearly out. Hurricane Maria made a direct hit on the U.S. colonial territory, whose people are American citizens, mas o menos. Maria obliterated Puerto Rica’s electrical grid, destroyed homes, schools, hospitals, and most facilities and supply lines of all kinds. The third record hurricane in … More Puerto Rican Jubilee

The Trouble with Economics: William Nordhaus and Pope Francis

Economics is perhaps the one social science “profession” that is most entrenched in the political economy of contemporary nations. Little economic thought escapes the halls of academia without the neoliberal stamp of theoretical approval. The trouble with most of the social sciences is that it is very difficult for them to actually be scientific. In … More The Trouble with Economics: William Nordhaus and Pope Francis

Moving Toward an Ecological Infrastructure. Part I: From Growth to Development

Economists are often confused by their own wallowing in esoteric but useless mathematical formulations of unquantifiable human complexities. But we just can’t afford their foolishness anymore. Investment in infrastructure is desperately needed, but not by merely restoring the infrastructure of the old growth economy. That needs to be replaced by a new viable infrastructure for … More Moving Toward an Ecological Infrastructure. Part I: From Growth to Development

Tipping points need Paradigm Shifts: Paradigm Shifts are Tipping Points

If you are familiar with the history of science you have probably heard of The Structure of Scientific Revolutions.  In it, Thomas Kuhn describes how science progresses not by gradual evolution but by revolutionary transitions or “paradigm shifts” between “normal science” and new models of reality.  Normal science chips away at small areas of ignorance … More Tipping points need Paradigm Shifts: Paradigm Shifts are Tipping Points

The Great Jobs Myth and the Transformation of the Growth Economy, Part II

The pervasive acceptance of conventional economic theory as a “natural science” that gives us guidance for dealing with our economic lives is one of the biggest obstacles to understanding and making rational choices about the converging crises of our time.  Simply put, the fundamental flaw in conventional economics is that the economic system it promotes … More The Great Jobs Myth and the Transformation of the Growth Economy, Part II