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]
March in August: thousands rally against Tony Abbott by taking to streets:
Thousands of protesters have taken to the streets for the latest wave of protests against the federal government.[more inside]
Demonstrations were held in cities across the country, including Sydney, Melbourne, Brisbane and Adelaide, to protest against a range of of social and economic policies being implemented by the Abbott government.
About 3,000 protesters marched through Sydney, voicing their concerns on a range of issues, from Australia's asylum seeker policies, to education cuts and the humanitarian crisis in Gaza.
- 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
VC for the people - "It's just that people who have options are much more likely to actually find success than people who don't." [more inside]
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]
Economists and the theory of politics - "why unions were often well worth any deadweight cost" [more inside]
Start Your Own Currency - "In the Catalonia region of Spain, a restaurant and a community garden are part of an experiment in alternative cash--they are accepting a home-grown currency called the Eco as well as the Euro." [viz. gated article (Google link), cf. The Wörgl Experiment]
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]
In Norway, Start-ups Say Ja to Socialism - We venture to the very heart of the hell that is Scandinavian socialism—and find out that it's not so bad. Pricey, yes, but a good place to start and run a company. What exactly does that suggest about the link between taxes and entrepreneurship?
The Annotated State of the Union - PBS has one too (+ video responses ;) Submit your own and make it a two-way dialogue!
OpenForQuestions at WhiteHouse.gov is asking you to vote for the questions you want Obama to address Thursday night. Like digg, but more governmentally.
Big Brother 101 -- Could your social networks brand you an enemy of the state? (Popular Science Mag) And one staffer finds out it might--due to a connection to the Buffalo Six. Think 6 degrees of Kevin Bacon, but with tapping and surveillance and worse at the other end.
"These are just slush funds for conservative interest groups" --The Compassion Capital Fund ($148 million of our money), and the Community-Based Abstinence Education grant program ($391.7 million of our money)--just 2 of many new programs. ...The distribution of new money to conservative organizations is a small part of an estimated flood of $2 billion a year in federal grants to religious and religiously affiliated organizations.--except it's only to organizations who have policies that agree with Bush and the GOP agenda on social issues, and not about need.