Tag Archives: capital

Automatism + Automaticity – 20th Century

If you thought my previous introduction was dark, then if you use your imagination a little to color in the details of what comes next, then you may actually begin to lose your faith in humanity – but I choose … Continue reading Continue reading

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Rational Media + Literacy

In a rather lengthy digression on the “rational media” topic, I wrote some more about my notion of literacy (which includes what other people often refer to as “media literacy”, “computer literacy” or other such special cases — I do … Continue reading Continue reading

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Communication, Being a Communal Activity, is Community-Oriented — Is to Share an Act of Communism?

Sharing is a confusing concept — on the one hand, shares on Wall Street are perhaps the most iconic symbols of far-right capitalism and libertarian ideals, but on the other hand to share information… to present it to someone, apparently … Continue reading Continue reading

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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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21st Century Production Functions and Implications for the Labor Force, Employment, Unemployment and the General Population

I have been thinking a lot about economic models ever since I studied economics, but I have been thinking about them a lot more since the financial crisis. One point that has been a part of my thinking for a … Continue reading
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Why isn’t 100% Unemployment the Goal for an Advanced Industrial Economy?

Imagine solar-powered robots could do everything needed in an economy with no adverse effects to the environment. If that were possible, then I don’t understand why it would be good to employ people. I have actually wondered for several years … Continue reading
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The carpet, too, is moving under you…

Last week Paul Krugman acknowledged the existence of a global marketplace for work (in which not only employees in different countries compete for wages, but also robots are now increasingly displacing workers). Over the weekend, he posted this: the Fed’s … Continue reading
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Moving Forwards

You are tired of moving forward… There is a sad irony in the ridiculousness of many of the stories that get told. Paul Krugman, asking “Technology or Monopoly Power?” now cites the following: Even so, most Americans still believe that … Continue reading
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Marxism in America

Paul Krugman finally wakes up (to the fact that employment doesn’t matter)! Continue reading

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