Monthly Archives: November 2014

Economic Substitution Revisited: Unraveling the Firm

Traditionally, the field of Economics has used something called a “production function” to describe a relationship whereby inputs (in the simplest of models, these might simply be “labor” and “capital”) are turned into outputs (many economists refer to some abstract … Continue reading Continue reading

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Alienation 2.0 (Alienation of Ideas)

Karl Marx wrote about “alienation of labor” — for example: Alienation (Entfremdung) is the systemic result of living in a socially stratified society, because being a mechanistic part of a social class alienates a person from his and her humanity. … Continue reading Continue reading

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Card-Carrying Members, Kind of Pregnant,… — Just Saying: Actions Do Not Speak Louder Than Words

If you maintain that (your) actions speak louder than (your) words, then that is an indication that you yourself are insincere. That is not some astounding new discovery, but it has significant impact on an online discussion I took part … Continue reading Continue reading

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Unternehmungslustig

“Unternehmungslustig” is a German word for which there does not seem to be a semantically close English equivalent. It is a mixture of “adventurous”, “enterprising”, “thrill-seeking”, “fun-loving” and perhaps also some other concepts. One reason why this word might not … Continue reading Continue reading

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To Own or to Be Owned?

When my girls ask their friends “Do you have Facebook?” I joke and ask them “Wouldn’t it be grammatically more correct to ask whether Facebook has them?” — then they smile politely but usually don’t go so far as to … Continue reading Continue reading

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