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kliuless (5)
The Whelk (2)

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

Give it 30 years and the overstuffed chair becomes hip and high brow...

Spread from a 1949 issue of LIFE magazine charts what is low-brow, high-brow and inbetween
posted by The Whelk on Jun 14, 2014 - 185 comments

Game behind gamed: your narrative programming for the day

How The Economic Machine Works by Ray Dalio[1] actually makes a case against austerity[2] 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]
posted by kliuless on Sep 25, 2013 - 28 comments

Weilue: The Peoples Of The West

This country (the Roman Empire) has more than four hundred smaller cities and towns. It extends several thousand li in all directions. The king has his capital (that is, the city of Rome) close to the mouth of a river (the Tiber). The outer walls of the city are made of stone. - A Third Century Chinese Account Composed between 239 and 265 CE, Quoted in zhuan 30 of the Sanguozhi. Published in 429 CE. Draft English translation
posted by The Whelk on Sep 1, 2013 - 28 comments

Incommensurable values

Economists and the theory of politics - "why unions were often well worth any deadweight cost" [more inside]
posted by kliuless on Mar 25, 2013 - 27 comments

the dawn of a Star Trek generation

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

sovereignty and taxation

David Graeber: Of Flying Cars and the Declining Rate of Profit (via) [more inside]
posted by kliuless on Jun 8, 2012 - 85 comments

The Stanford Geospatial Network Model of the Roman World

Spanning one-ninth of the earth's circumference across three continents, the Roman Empire ruled a quarter of humanity through complex networks of political power, military domination and economic exchange. These extensive connections were sustained by premodern transportation and communication technologies that relied on energy generated by human and animal bodies, winds, and currents. Conventional maps that represent this world as it appears from space signally fail to capture the severe environmental constraints that governed the flows of people, goods and information. Cost, rather than distance, is the principal determinant of connectivity. For the first time, ORBIS allows us to express Roman communication costs in terms of both time and expense. By simulating movement along the principal routes of the Roman road network, the main navigable rivers, and hundreds of sea routes in the Mediterranean, Black Sea and coastal Atlantic, this interactive model reconstructs the duration and financial cost of travel in antiquity.
posted by Blasdelb on May 11, 2012 - 57 comments

Trading goods along social networks since 2003

Kate Rich has run the Feral Trade grocery business trading goods along social networks since 2003. Feral Trade forges new, 'wild' trade routes between art, business and social interaction. Goods hitchhike on other sources of movement, harnessing the surplus freight potential of social and cultural travel to haul grocery items intercity, often using other artists and curators as mules. An online courier database provides a live, public view of all movements in the network.
posted by furtive on Mar 26, 2009 - 18 comments

Embroidered household goods

Framce Trombly creates household goods such as garden hoses, extension cords, and receipts out of cloth and thread.
posted by divabat on Jul 14, 2008 - 7 comments

Tradecards

Tradecards.
posted by hama7 on Dec 18, 2006 - 9 comments

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