Financial meltdown, environmental disaster and even the rise of Donald Trump – neoliberalism has played its part in them all. Neoliberalism’s triumph also reflects the failure of the left. When laissez-faire economics led to catastrophe in 1929, Keynes devised a comprehensive economic theory to replace it. When Keynesian demand management hit the buffers in the […]
An economist explains how to value the internet
digital goods have three characteristics that are very different from previous goods. They’re virtually free, perfect and instant. What that means is the cost of making an additional copy of a digital good is basically zero; each copy is an identical, perfect replica of the original; and they can be distributed anywhere in the world […]
Evolving the New Economy: Tim O’Reilly and David Sloan Wilson
Evolutionary theory meets artificial intelligence and the management of algorithms. David Sloan Wilson interview with Tim O’Reilly I use the phrase “Evolving the Future” a lot nowadays. It’s the title of a major scientific review article (“Evolving the Future: Toward a Science of Intentional Change”) and part of the subtitle of my next book (“This View of […]
New York Utilities: We Believe Blockchain Is ‘Transformative’
How could blockchain benefit utility customers? Simply put, blockchain is a way of structuring data by forming and linking blocks of cryptographically signed and time-stamped transaction data. The blocks record who transacted “what” with “whom.” Once stored on the blockchain, these blocks form an immutable and shared database of records. Another important element are smart […]
A Stanford researcher says we shouldn’t start working full time until age 40
“We need a new model,” Carstensen says of the current norms around career pacing. The current one “doesn’t work, because it fails to recognize all the other demands on our time. People are working full-time at the same time they’re raising children. You never get a break. You never get to step out. You never […]