Economic Issues
1
Economics
2
The Economy
2.1
Institutions
2.1.1
Bretton Woods
2.1.2
Post Bretton Woods
3
Duality
4
Economic Rent
4.1
Digital Rent
4.2
CEO compensation is a rent
5
Scarcity
5.1
Forced ‘scarcity’ (sabotage)
5.2
There is no Scarcity
5.3
How There’s More to Economics Than the Science of Scarcity
5.4
The Case against Civilization
5.5
Budget Constraints
6
Crowding Out
6.1
Crowding In
7
Rationing
8
Taxing
8.1
Tax Shifting
8.2
Georgism - Land Value Tax
9
Nudging
9.1
Randomness
10
Discounting
11
Risking
11.1
Uncertainty
11.2
Pooling Risk
12
Assumptions
13
Common Good Economics
14
Cooperation
14.0.1
The benefits of Cooperation
15
Green Growth
15.1
Decoupling
15.2
Rebound (Jevons Paradox)
15.3
Artefact?
15.4
The Green Growth Delusion
15.5
Measurement Issues
15.6
Cross-border Transition Risks
16
Economics of Demography
16.1
Demographic Dividend
17
Firm and Hierarchy
18
Welfare
19
Corporations
20
Economic Growth
20.1
Grwoth as a positive feedback cycle
20.2
Undevelopment
20.3
Degrowth
20.4
Growth without Economic Growth
20.5
Ditching Economic Growth
20.6
Growth Waves
21
Macroeconomics
22
Spatial Economics
22.1
Urban Economics
22.1.1
Expertise
22.1.2
Trusting Science
22.2
History of Urban Economics
22.2.1
Jane Jacobs
22.3
Regional Economics
23
Functional Finance
24
Macro-Finance
24.1
Institutional Supercycles
24.2
Central Banking
24.2.1
ECB - Implosion?
25
Externalities
25.1
Commons
25.1.1
Hardin and Ostrom
25.2
History of Economics’ ‘Externalities’
25.3
Ecosystem Services
25.4
Environmental Degradation
25.4.1
Kuznets and Engel Curves
25.5
Energy and Transport
26
Capital
26.1
Produced Capital
26.1.1
Cambridge Controversy
26.2
Natural Capital
26.3
Human Capital
26.4
Social Capital
27
Money
27.1
Money Creation
27.2
Inflation
27.2.1
FED Policy and Inflation
27.3
Inflation as Restructuring
27.4
Modern Monetary Theory (MMT)
27.5
Milton’s Money
27.6
The Dollar’s Imperial Circle
28
Markets
28.1
Market Failure
28.2
The Rise and Fall of Market Societies
28.3
The Market Institution
28.4
Market Primacy
28.5
Markets as Entropy Maximisers
28.5.1
The social relations of production as constraints
28.6
Competition Bargaining
29
Demand
29.1
Theory
29.2
Human Needs
29.3
Aggregate Demand Function
30
Business Cycles
30.1
Real Buciness Cycle - RBC
30.2
Long Transistory Theory
30.3
Hybrid Theory
30.4
The magic of expectations management
31
Competition
32
Currencies
32.1
Exchange Rate
32.1.1
Exchange Rate as Randow Walk
32.2
Hegomonic Currency
33
Employment
34
Game Theory
34.1
Nash Equilibrium
34.2
Mean-Field Game Theory (MFG)
34.3
Mechanism Design
34.4
Market Design
35
Industrial Policy
36
Inequality
36.1
US and UK are poor countries with rich people within
36.2
Poverty
36.3
Billionaire Concentration
37
Inflation
37.1
2023 like 1940s
37.2
Wage-Price Spiral
37.3
Phillips Curve
37.4
Stagflation
37.5
Inflation - Growth Tradeoff?
37.6
Fiscal Theory of Price Level
37.7
Price Control
37.8
Greedflation
37.9
Structural Reallocation
37.10
Global Inflation
37.11
Interest rate and inflation
37.12
Inflation as Redistribution
37.13
Return of Inflation
37.14
Productivity Failure behind Inflation
37.15
Energy squeeze inflation
37.16
Supply Side Pressure
37.17
Lack of Inflation Theory
38
Innovation
38.1
US vs Scandinavia
39
Interest Rate
39.1
Natural Rate of Interest
39.1.1
From R* to r
39.2
Unpayable debt in a Stationary Economy
40
Investment
41
Knowledge Economy - Intangibles
42
Phillips Curve
42.1
Unemployment and interest rates
43
Productivity
43.1
Productivity-Pay Gap
43.2
IPR Stagnation
43.3
TFP
44
Economic Regulation
44.1
Climate protection impact on economic growth
45
Sanctions
46
Savings
47
Technology Policy
48
Trade
48.1
Absolute Advantage
48.2
Comparative Advantage
48.3
Supply Lines
48.4
Trading Partners
48.5
China is changing trade partners
48.6
Trade and Savings
48.7
Trade and Productivity
48.8
Scumpeterian Growth Theory
49
Wealth
50
Climate Economics
50.1
A Blocking Neoclassical Framework
50.2
Long-term Economic effects of Climate Change
50.3
Carbon Tax
50.3.1
Fee and Dividend
50.4
Finnish Carbon Tax
50.5
Instrument Choice Delays
50.6
SSPs
50.7
Guard Rail Economics
50.8
Tipping Points
50.9
Keynesian Decarbonization
50.10
Discount Rate
50.11
Geoff Man on Nordhaus
50.12
Persistence of Temperature Effects
50.13
Climate economics has let us down
51
Tax
51.1
Corporate Tax
52
Welfare
52.1
The Social Guarantee
52.2
Net Domestic Consumer Surplus
I Appendices
Appendices
A
About
B
Links
C
NEWS
C.1
221220 Market-based development finance in crisis
C.2
210717 Carney calls for stronger Government Regulation
D
Sitelog
On Github
Economic Issues
40
Investment
“Now, capitalists do many things as a class, but they certainly do not invest as a class’ (Kalecki)