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Introduction to The Web of Meaning

June 16, 2021

Introduction to The Web of Meaning Ed. note: This excerpt from the Web of Meaning is published with the permission of the author. As our civilization careens toward a precipice of climate breakdown, ecological destruction, and gaping inequality, people are losing their existential moorings. Our dominant worldview has passed its expiration date: it’s based on […]

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The Problem With Keynesian Economics

July 19, 2019

The Problem With Keynesian Economics In The General Theory of Employment, Interest and Money, John Maynard Keynes wrote: “The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to […]

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Does it Matter Whether Assumptions in Economics are Arbitrary?

May 21, 2018

DOES IT MATTER WHETHER ASSUMPTIONS IN ECONOMICS ARE ARBITRARY? Various assumptions employed by mainstream economists appear to be of an arbitrary nature. The assumptions seem to be detached from the real world. For example, in order to explain the economic crisis in Japan, the famous mainstream economist Paul Krugman employed a model that assumes that […]

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The Theory of Non-Linear Intervention

October 3, 2017

The Theory of Non-Linear Intervention Economics is well known for rather unrealistic theories based upon fundamentally unsound principles, such as the assumption that all things remain equal. Reality parts with academics whenever such assumptions are drawn to a foregone conclusion. However, greater false assumptions, which go unnoticed, lie at the foundation of so many theories […]

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Some long term climate scenarios

December 15, 2015

Some long term climate scenarios Scenarios are not predictions, just ways of describing possible futures; useful in order to be prepared for unexpected events. The only rule in scenario building is that the assumptions should not be too improbable; such as involving time machines. And, yet, it seems that in some cases involving climate projections, time […]

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PBS Joins the MSM’s Syria-Russia Bias

December 7, 2015

PBS Joins the MSM’s Syria-Russia Bias Mainstream U.S. media systematically excludes points of view on world affairs that deviate from Official Washington’s “group think.” With no lessons learned from the Iraq-WMD debacle, the MSM only lets on establishment or right-wing pundits with conformist points of view on crises with Syria and Russia, notes Rick Sterling. PBS Newshour is considered high-quality journalism by many […]

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Lost in Extrapolation

October 29, 2015

Lost in Extrapolation Phillips Curve Fail In the late 1970s the impossible happened.  Inflation and unemployment simultaneously went vertical.  The leading economists of the day were flummoxed. Larry Summers favors us with his “eternal stagnation” shrug. The man is a sheer inexhaustible fount of truly atrocious ideas. As we have previously pointed out, when he’s […]

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Terms of debate: Destroying vs altering nature, the fragile vs the resilient Earth

May 11, 2015

Terms of debate: Destroying vs altering nature, the fragile vs the resilient Earth Last week’s piece drew responses that throw into relief how much the language we use depends on our most basic assumptions about how the world works. If left unexamined, that language leads to further conclusions that go unchallenged because the underlying assumptions are never scrutinized. […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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