I just watched the condensed version of the award winning film, “The Economics of Happiness.” It is available on the Local Futures website. It confirms just about all the research findings on climate change, globalization, poverty, pollution, violence, and a host of other issues I have followed for the past decade while writing my forthcoming … More Economics of Happiness vs. Corporate Globalization
Money is a funny phenomenon, funny-peculiar that is. Money has a lot of odd characteristics, most having something to do with social definitions and the assumptions that shape perception. It exists, for example, only because we have willed it so – it is a social construction. Money has value only because we value it – … More Funny Money: Social Illusions about Value, Reward, Cost, and Risk
In recent memory at least, Americans have been uncomfortable with the idea of class. That somehow has caused a retreat to the middle. In the context of the myth of universal opportunity for mobility through achievement, it’s almost like Garrison Keeler’s Lake Woebegone, where “all the children are above average.” The “lower class” is not … More What Middle Class?
We humans are both rational and emotional beings. The mix between the two can produce some strange and amusing results. Conventional economics assumes that all human behavior is rational in the sense that everyone chooses only actions that serve their best economic interests and the result is the best overall outcome for everyone. Yet all … More Errors, Mistakes, and Stupidity: Why Magical Thinking Can Be Deadly
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
A lot of congressional politicians and media pundits of both Republican and Democratic persuasion are jabbering these days about “job creation.” The 2014 mid-term elections are fast approaching and nobody wants to be caught looking indifferent to the lack of jobs for an increasingly large numbers of Americans. Their approaches are different, of course. The … More The Great Jobs Myth and the Transformation of the Growth Economy, Part I
Last Hours is a scary video that presents the raw scientific facts of the impact of global warming reaching the tipping point where warming is accelerated by massive release of methane from the arctic tundra and below the sea beds, because it is melted from its frozen solid state. The result is an unstoppable positive … More Last Hours, Last Hope, Last Reality Check.
It’s hard to accept the idea that most human activities are based on illusions. But look at the nature and kinds of illusions out there. Some illusions are necessary and good, while others are quite destructive. We tend to see the illusions of tribal cultures as “myths,” illusory fictions about the world, whereas we see … More Some Serious Social Illusions