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]
posted by kliuless
on Jun 22, 2012 -
117 comments
The Incentive Bubble (
ungated pdf) - "The fraying of the compact of American capitalism by rising income inequality and repeated governance crises is disturbing. But misallocations of financial, real, and human capital arising from the financial-incentive bubble are much more worrisome to those concerned with the competitiveness of the American economy."
[more inside]
posted by kliuless
on Apr 3, 2012 -
54 comments
Why Nations Fail -
In a nutshell: "Proximately, prosperity is generated by investment and innovation, but these are acts of faith: investors and innovators must have credible reasons to think that, if successful, they will not be
plundered by the powerful. For the polity to provide such reassurance, two conditions have to hold: power has to be centralised and the institutions of power have to be inclusive."
[more inside]
posted by kliuless
on Mar 15, 2012 -
78 comments
Fareed Zakaria: Are America's Best Days Behind Us? - "We have an Electoral College that no one understands and a Senate that doesn't work, with rules and traditions that allow a single Senator to obstruct democracy without even explaining why. We have a crazy-quilt patchwork of towns, municipalities and states with overlapping authority, bureaucracies and resulting waste. We have a political system geared toward ceaseless fundraising and pandering to the interests of the present with no ability to plan, invest or build for the future. And if one mentions any of this, why, one is being unpatriotic, because we have the perfect system of government, handed down to us by demigods who walked the earth in the late 18th century and who serve as models for us today and forever. America's founders would have been profoundly annoyed by this kind of unreflective ancestor worship." [
for/
against]
posted by kliuless
on Apr 17, 2011 -
93 comments
Doug Rushkoff throws down the gauntlet in his “Radical Abundance” speech at the O’Reilly Web 2.0 conference. Some highlights of the speech: “The only real possible competition to Google and their economy of faux openness would be peer-to-peer exchange.”
“As a result of all this freedom the abundance of genuine creative output is declining. We are actually getting the scarce market place demanded by our currency legacy system. The same way the early Renaissance got a scarcity by killing off half the people with the plague.”
Some Alternatives:
1: The development of a digital culture that actually respects the labor of individuals.
2: The creation of new modes of currency based in abundance rather than scarcity.
posted by joetrip
on Nov 22, 2009 -
113 comments
Women's rights: What's in it for men? - "Women in rich countries largely enjoy gender equality while those in poor countries suffer substantial discrimination. This column proposes an explanation for the relationship between economic development and female empowerment that emphasises changes in the incentives males face rather than shifts in moral sentiment. Technological change that raises demand for human capital may give men a stake in women's rights."
[more inside]
posted by kliuless
on Jun 29, 2008 -
29 comments
Some say economics is changing so radically that
attention is of more value than money or material wealth. If that's true, then should Paris Hilton and Britney Spears be considered role models? Must we each
be stars in order to be a success, to get anything achieved, or to gain even the slightest traction?
posted by kmartino
on Feb 28, 2008 -
32 comments
Country Studies: a comprehensive description and analysis of the country or region's historical setting, geography, society, economy, political system, and foreign policy.
posted by hama7
on Feb 8, 2004 -
11 comments
Art In Ruins chronicles the economic and cultural transformation of Providence, Rhode Island through the eyes of artists, architects, and urban planners.
posted by PrinceValium
on Feb 7, 2004 -
3 comments
Understanding what makes America tick "
The belief that America is exceptional, in the double sense that it is superior and that it is different...The United States had a mission, a manifest destiny, to change the world in its image. This conviction echoes down through American history....Other countries—France, Britain, Russia—have from time to time in their history felt a sense of mission, of carrying their civilisation to other peoples and territories. But in their cases it has been episodic and not deeply rooted—usually limited to when their power was at its zenith and usually clearly recognisable as a rationalisation for what they were doing for other reasons. In the case of the United States, it has been constant and central." [
Centre of Independent Studies in Sydney via
aldaily] American Exceptionalism. Mix it with sole super power status and massive military might. Should make it quite an intoxicating ride these next few years.
posted by Voyageman
on Apr 4, 2002 -
26 comments
