The political economy of a universal basic income: "your view of what is feasible should not be backwards looking. The normalization of gay marriage and legalization of marijuana seemed utopian and politically impossible until very recently. Yet in fact those developments are happening, and their expansion is almost inevitable given the demographics of ideology... UBI — defined precisely as periodic transfers of identical fixed dollar amounts to all citizens of the polity — is by far the most probable and politically achievable among policies that might effectively address problems of inequality, socioeconomic fragmentation, and economic stagnation." [more inside]
- Welfare economics: an introduction
- The perils of Potential Pareto
- Inequality, production, and technology
- Welfare theorems, distribution priority, and market clearing
- Normative is performative, not positive
"Hi, Marc... You seem to think everyone's worried about robots. But what everyone's worried about is you, Marc. Not just you, but people like you. Robots aren't at the levers of financial and political influence today, but folks like you sure are. People are scared of so much wealth and control being in so few hands... Unless we collectively choose to pay for a safety net, technology alone isn't going to make it happen." [more inside]
Installed solar capacity is growing by leaps and bounds, led by Walmart and Apple, and helped by bonds backed by solar power payments,[*] which have sent industry stocks soaring, even as molten salt and new battery technologies come on line to generate storage for use when the sun doesn't shine. Of course we could always go to geostationary orbit -- or the moon -- as well we may (if politics allow it) as thirst from the developing world grows beyond the earth's carrying capacity. [more inside]
Economists and the theory of politics - "why unions were often well worth any deadweight cost" [more inside]
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."
Congressional candidate (and MetaFilter's own) Sean Tevis (find his previouslies here) and XKCD [Update: nothing to do with XKCD, actually] bring forth a new concept in politics: American Nations, An Awesome and Practical Plan to Re-Balance the U.S. Political System.
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]
Barack Obama has responded to the 14 questions posed by ScienceDebate2008 (discussed previously). The Martian Chronicles has outlined some key points of his response. John McCain has not responded to the questions, but has indicated that he will respond.
Dr. President: "The next president of the United States of America will control a $150 billion annual research budget, 200,000 scientists, and 38 major research institutions and all their related labs. This president will shape human endeavors in space, bioethics debates, and the energy landscape of the 21st century." With the coming election, the AAAS has created a new website and devoted a section of their journal Science to the Democratic and Republican candidates' positions on science and technology issues. But to help further clarify their positions, some people are calling for the candidates to have a presidential debate on science and technology. [Via The Intersection and Wired Science.]