Daron Acemoglu is Better Than You

Daron Acemoglu is an economist in the New Institutional(ist) tradition, a twist on the anti-epistemology called Institutional Economics that sit somewhere between the old-school Institutionalists and Neoclassical / New Classical economics.

Alongside Behavioural economics most of the really funky new knowledge is coming from New Institutionalists like Acemoglu.

In a book that is online for free (pdf) he explains basically all of modern macroeconomics.

So during March I will need to post an overview of this book as well as Friedman's price theory one (which I originally said I'd offer this month, but I have been delayed by life).

Love ya!

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Iain McKay, Bryan Caplan & the Case of the "Anarchist" Anarchist

In the past I have written blog posts disputing claims contained in the online document called An Anarchist FAQ principally written by Iain McKay. I spent those posts trying to contend with Iain's claims re the ancap question and the mode of production called capitalism . McKay has a bee in his bonnet re anarcho-capitalists' insistence on referring to themselves as anarchists, that much is obvious. Every reference to ancapism runs something along the lines of "an"cap or "anarcho"-capitalism. I find this very amusing because 'anarchist' or 'anarchism' are words (articulate mouth-sounds) first and specific concepts second. Ditto 'socialist' and 'socialism' friends. Speaking of socialism... In the comment section of one of his videos the Youtuber called StatelessLiberty responded to a criticism by linking to Caplan's work on the Anarchist adventure in Spain in the 1930's . The critic shot back with a critic...

Commentaryism - The Death Toll of Capitalism

How many people have died because capitalism exists? How many would still be alive if it had never existed? Let's dig in! We will take two approaches over the course of this blog post by looking at the the death tolls attributed to the word in its broad popular definition - everything socialists don't like - versus the toll that fits the definition offered previously on this blog. By the same token I will not lay any outsized figures at any other mode of production's door except where that mode of production demonstrably caused the problem that killed people. It's political ideologies that really matter here, and this is where the first big problem with even trying to lay a specific body count before capitalism runs into problems - there is no political ideology called capitalism. ~~~~~~~~~~~~~~~~~~~~~~~~~~~ Now then, Alfonso Gutierrez says in a comment thread that "capitalism and free-markets have murdered billions of people" which is a risky cla...

Zeitardation

A Youtuber called axe863 made a video in which he used scientific, mathematical and statistical common-sense to deliver the KO that the Venus Project and Zeitgeist Movement so richly deserved. If his approach seems weird and unconventional it's because he's not attacking from a tradition neoclassical or Keynesian perspective. Axe863's poison is complexity economics, something a good deal more dangerous to ideas like TVP and TZM. [ 2 ] Now to a couple of comment threads from below the video that I thought could od with being replicated just in case they get deleted at source! ~~~ AstralLuminary 1 year ago Why can't we generalize the consumption patterns of middle-income people in the western world, set our constraints equal to the amount of localized resources, and the rate of resource recovery, derive a population growth model that would be sustainable to said consumption patterns, and derive the necessary quantifiable amount of work required to expen...

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