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8 posts tagged with democracy and markets. (View popular tags)
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Utility, welfare, and efficiency

  1. Welfare economics: an introduction
  2. The perils of Potential Pareto
  3. Inequality, production, and technology
  4. Welfare theorems, distribution priority, and market clearing
  5. Normative is performative, not positive

posted by kliuless on Jul 7, 2014 - 7 comments

Aggregate Demand Management: "pass a law allowing the Fed to cut checks"

Free Money for Everyone - "A wacky-sounding idea with surprisingly conservative roots may be our best hope for escaping endless, grinding economic stagnation." (via) [more inside]
posted by kliuless on Mar 16, 2014 - 19 comments

use value vs. exchange value

What Is Value? What Is Money? (via via) [more inside]
posted by kliuless on Sep 1, 2012 - 15 comments

The Failure of Judges and the Rise of Regulators

The Control Revolution And Its Discontents - "the long process of algorithmisation over the last 150 years has also, wherever possible, replaced implicit rules/contracts and principal-agent relationships with explicit processes and rules."
posted by kliuless on Feb 23, 2012 - 25 comments

Anger and anxiety

Anger, Politics and the Wisdom of Uncertainty - "If there's somebody or even some institution to blame, it turns out people are much more likely to get angry... anger tends to inspire individuals to engage in more political activities than they would otherwise... Without someone to blame, respondents mostly just grow fearful and anxious... A particular danger of anger seems to be closed-mindedness. Research finds that when citizens get angry, they close themselves off to alternative views and redouble their sense of conviction in their existing views. Fear and anxiety, on the other hand, seem to promote openness to alternative viewpoints and a willingness to compromise." (via) [more inside]
posted by kliuless on May 18, 2011 - 18 comments

Four Economic Benchmarks We Need Now

With capitalism in crisis, can it be sustained or is it altogether outdated? As Umair Haque asks though, perhaps a better question is: "are organizations and markets making decisions that help make people, communities, and society better off in the long run, by allocating their scarce resources to the most productive uses?" [more inside]
posted by kliuless on Jul 13, 2010 - 15 comments

George Soros on the Way Forward

Soros lectures
You can slog through the video, but I preferred the transcripts 1 | 2 | 3 | 4 | 5 [more inside]
posted by kliuless on Nov 21, 2009 - 13 comments

Mass Intelligence

The wisdom of crowds and the miracle of aggregation, arguably, are the reasons why markets and democracy work as well as they do. As New Yorker James Surowiecki explains in his new book, "consider the show Who Wants to Be a Millionaire. When a contestant on the show is stumped by a question, he has a couple of choices in asking for help: the audience or someone he's designated as an expert. The experts do a reasonable job: They get the answer right 65% of the time. But the audience is close to perfect: It gets the answer right 91% of the time, even though it's made up of people who have nothing better to do than sit in a TV studio and watch Regis Philbin." The new, new tipping point?
posted by kliuless on May 25, 2004 - 25 comments

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