The Lauderdale Paradox first articulated by James Maitland holds that an increase in “private riches” is achieved bychoking off “public wealth”. This is done not only in order to acquire free value from the commons but also, I argue, in order to create an “artificial scarcity” that generates pressuresfor competitive productivity. Degrowth seeks to invert […]
World Bank: Policy shifts can mitigate gray tsunami as population ages
“The greatest risk we face is not aging itself, but the unwillingness or inability to adapt,” said Laura Tuck, the World Bank’s vice president for the Europe and Central Asia region. As the planet’s population gets older, there are fears that a gray tsunami may make the possibility of golden aging more remote. But a […]
Our humanity needs to develop at the same speed as our technology
In the future of economics, one of the key defining criteria has to be that the incentive of every agent in the living system, at least in theory, has to be aligned with the well-being of every other agent, every other person and every other living thing. The way we view working life is influenced […]
99 Good News Stories You Probably Didn’t Hear About in 2018
The world didn’t fall apart this year. You were just getting your news from the wrong places. For the last 12 months, the global media has been focused on a lot of bad news. But there were other things happening out there too: conservation successes, huge wins for global health, more peace and tolerance, less war […]
Honesty is majority policy in lost wallet experiment
Public more likely to return wallet containing larger sum of money, global study finds Here’s a moral dilemma: if you find a wallet stuffed with bank notes, do you pocket the cash or track down the owner to return it? We can each speak for ourselves, but now a team of economists have put the […]