How The Economic Machine Works by Ray Dalio actually makes a case against austerity and for redistribution, but also for money printing (and, arguably, for bailouts), while stressing the need to keep making productivity-improving public and private investments. However, it could be equally entitled: How The Industrial Age Political-Economy Doesn't Work Anymore, viz. Surviving Progress (2011)... [more inside]
This month we've gone too far, we humans on Earth. "[H]umanity has exhausted nature’s budget for the year. We are now operating in overdraft." [more inside]
In Praise of Leisure - "Imagine a world in which most people worked only 15 hours a week. They would be paid as much as, or even more than, they now are, because the fruits of their labor would be distributed more evenly across society. Leisure would occupy far more of their waking hours than work. It was exactly this prospect that John Maynard Keynes conjured up in a little essay published in 1930 called 'Economic Possibilities for Our Grandchildren.' Its thesis was simple. As technological progress made possible an increase in the output of goods per hour worked, people would have to work less and less to satisfy their needs, until in the end they would have to work hardly at all... He thought this condition might be reached in about 100 years — that is, by 2030." (via) [more inside]
Life after Capitalism - Beyond capitalism, it seems, stretches a vista of... capitalism: [more inside]
Reinventing the Firm - "drawing on Ronald Coase, a firm is a political response to an economic problem: managerial power and hierarchy is one efficient way of dealing with the uncertainties attached to the employment relationship. But this doesn't prevent us from considering alternative political settlements, that are potentially more democratic and more productive." also see: Clay Shirky, Ronald Coase and, err, me (previously 1|2|3 via mm & ev) [more inside]
National Geographic has a special issue on Africa out this month. There's also their Africa resource site.