What Is This “AI Bubble” You Hear About?

Huge amounts of money are feverishly pursuing the AI industry, including data centers and still uncertain future developments — sure looks like a bubble!

Labor Productivity

People oversimplify the idea of productivity, and the basic concept is pretty simple (Productivity = Output/Input). But the modern world economy, due to technology, social forces, etc. makes the definition of “productivity” a bit more interesting …

The Problem with “Degrowth”

Why Is This Economic Model Consigned to Such an Ignominious Little Left-wing Niche? In 1972, the Club of Rome published its alarmist report The Limits to Growth.  52 years ago, the world had not yet discovered climate panic. Indeed, climate science was still developing its nascent modeling techniques – not yet recognized by a generalContinue reading “The Problem with “Degrowth””

Wealth Creation: Does it Matter Where it Comes From?

Rent-seeking, in economic thought, seems to be critical to capitalism’s survival … but so is labor! Both are necessary to achieve the abundance we all seek …

Mutual Aid: From Kropotkin to Graeber

Two seminal anarchist thinkers contributed to the development, over the last 200 years of that strand of political and social philosophy in ways rivaled only by Karl Marx …

Why Do I Have to Buy My Job with a Degree?

Runaway credential inflation may not serve anybody well except for the higher education establishment — is it time to treat college and professional degrees more rationally?

Abundance vs. Scarcity

The Abundance Mindset and Scarcity Mindset of Stephen Covey’s “7 Habits of Highly Effective People” don’t get created only by sheer will power or “positive thinking”!