Transformations

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 …

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 …

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 …

We must move to a theory that is not only based on observed reality, but that also gives attention to what kind of economy is necessary, possible, and desirable. Without …

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 …