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

The Militarised “Big-Data” Threat to Non-Violent Civil Action

The stories just keep coming. The NSA and the big corporations have been sweeping up massive amounts of data on all Americans. And of course, most others in the world who are “connected” in some way are being spied upon too. We cannot fail to notice that widespread surveillance has become routine practice in diverse … More The Militarised “Big-Data” Threat to Non-Violent Civil Action

Public Renaissance: What Ebola, Ferguson, and Finance Can Tell Us

Public concern over the possible spread of the Ebola virus epidemic from West Africa to the U.S. is growing. While the Centers for Disease Control (CDC) is taking various precautions, the situation is nevertheless of sufficient complexity to warrant concern. The outrage over the police killing of unarmed black teenager Michael Brown continues as a … More Public Renaissance: What Ebola, Ferguson, and Finance Can Tell Us