By now we’ve had time to soak in the release of some earth-shattering information about corruption and wealth hoarding abetted by the shadow finance industry in the Pandora Papers, from the research highlighting wealth hoarding of the country’s top 1% and massive corporate profits resulting from generous taxation policy and…
Comments closedLodestone Blog Posts
I read a lot. Everyday. Mostly books about economics/political economy/history/climate change. Additionally, I read at least an article a day about similar issues, but also occasionally read other things like novels, movie review articles, and literary essays. This has made me just as good at collecting books (and papers and…
Comments closedThere’s plenty of charm and a certain amount of feel-goodness in SimCity. There’s a playlist of soothing, lyric-free house music that renders the gameplay therapeutic if played at the right pace. There’s a playful and customizable mix of attention-grabbing maps, creative tools, cultural buildings, terrains, and city resources coming together…
Comments closedPresident Biden spoke yesterday responding to questions about the nation’s supposed “labor shortage.” “Pay them more,” he urged employers across the land on national television. I wonder if there are any other policy options besides trusting private industry not to exploit and squeeze their workers. Other than the ridiculousness of…
Comments closedOne problem with the way antitrust doctrine is applied today in courts, which itself is an ahistorical interpretation of the law, is the way judges apply the “principles” of economics to their legal analysis of monopoly (anticompetitive) harms, harms sustained by immense market power. The standard, popular threshold to measure…
Comments closedDespite the popular wisdom that shareholders of a firm are its true owners, there is no sense, legal or otherwise, to which this is true. This post will serve to survey some of the political science literature and the contemporary legal scholarship which I believe thoroughly debunks the shareholder value…
Comments closedThe whole of social science and legal research offers vast amounts of evidence to disabuse any notion that free markets exist anywhere in a capitalist society. Everyone from non-economists to the general public cannot escape this reality. We as individuals have no choice but to exist under capitalism because it…
Comments closedStereotypes are positive and negative. But no matter the distinction, they are always harmful to someone. Like all stereotypes, there exists several unfounded, uncritical and plainly false ideas about how a particular person, apparatus, system, work which then culminate into a belief system. In the case of capitalism (or the…
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