Gravity's Rainbow

botany, shoes, books, and justice

February 10, 2014
by sarcozona

once economic decisions are pictured as being made sequentially, as in real life, ownership patterns turn out to evolve through time in highly specific ways?— and they systematically gravitate toward precisely the kinds of patterns that generate indeterminacy of factor prices.

As a result, the central problem with marginal productivity theory that John Hicks recognized in the 1930s has never gone away: without the arbitrary assumption of freely differentiable production functions, wages and profits are not fixed by technologies and tastes. They are set by “something else”?— something outside the competitive model.

Ackerman & Beggs in Jacobin

Stuff worth reading

Strange Bedfellows: The Rise of the Green Tea Coalition
When people believe your individualist, capitalist claptrap, this is what happens

Origins of Motordom: The Public Shaming of Jaywalkers
Changing norms. Streets used to be for people.

Grieving the Loss of the Life I Used to Have
Illness and grief

Death by data: how Kafka’s The Trial prefigured the nightmare of the modern surveillance state

From the Folks Who Want To Give You Keystone XL: TransCanada Pipeline Explosion …
We should wait to burn this stuff until we have a safer way to move it

Whenever I see a commercial for “migraine” medication on television…


A New Physics Theory of Life

The Shipping Report: Sea blindness – automated

‘Did She Do a Billion Dollars Worth of Work?’
Of course, the real question is did any billionaire do a billion dollars of work. And the answer is always a very easy no.

Leaked US independent surveillance watchdog report concludes NSA program is illegal and recommends shut-down
Shut it down

The Happiness Index: Putting people before profit in Bhutan
“But there is a trade-off between peace and convenience.”What if we were trying to maximize well being instead of profit?

February 3, 2014
by sarcozona

[Keynes’] fundamental innovation was the theory of effective demand: the idea that employment is set by total spending, so that the market system has no automatic tendency to settle on full employment. Keynes himself was keen to stress that the General Theory was radical only on that particular point, and that once the state intervened to assure full employment, “the [neo]classical theory comes into its own again.”

Ackerman & Beggs in Jacobin.