Transformations

How standard wage theory must adapt

Standard economic theory assumes that worker salaries reflect what they add to the firm’s receipts. This picture contains some realistic points about supply and demand, along with a number of …

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The ideal economy

Challenges for a new economy will also bring challenges for the theory that will undergird such an economy. A very important one is to find ways to set incentives and …

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About Work

The topic of “jobs” is a subset of the topic of “work” which is, in fact, a much broader topic. Not all work is done in a context that is …

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Scale and Growth-or Not?

This article considers the idea that we need to reduce greatly the throughput of materials and energy of the global economy—recognizing that this will probably mean a reduction in economic …

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