Daniel Little
In the dystopian vision of the future described in William Gibson's Sprawl novels, there are few people with normal jobs, regular sources of income, retirement plans, and health insurance. Instead, there are hackers, freelance security guards, software traffickers, criminals at many levels, and a few distant corporations with scientists and managers. It is a grim …
Continue reading "Jobs, basic income, and the future of the techno-market economy"
An earlier post considered Dave Elder-Vass’s very interesting treatment of the contemporary digital economy. In Profit and Gift in the Digital Economy Elder-Vass argues that the vast economic significance of companies like Google, FaceBook, and Amazon in today's economy is difficult to assimilate within the conceptual framework of Marx’s foundational ideas about capitalism, constructed as they were around …
Does economic theory provide anything like a concrete set of reliable policies for creating sustained economic growth in a middle-income country? Some contemporary economists believe that it is possible to answer this question in the affirmative. However, I don't find this confidence justified. One such economist is Justin Yifu Lin. Lin is a leading Chinese …
One reasonable way of thinking about the most fundamental goal of international economic development is to increase the level of human happiness in all countries, and to reduce the degree of inequality of happiness within and across countries. But, as Aristotle asked several millennia ago, what is happiness? And how can we measure it, either …
Image: O. Beauchesnes, "Map of the Geographical Structure of Wikipedia Links" (link) A key part of understanding society is making sense of the "economy" in which we live. But what is an economy? Existing economic theories attempt to answer this question with simple unified theories. The economy is a profit-driven market system of firms, workers, …
Continue reading "Capitalism as a heterogeneous set of practices"
Capitalism is one particular configuration of the economic institutions that define production and consumption in a society. It involves private ownership of firms and resources, and a system of wage labor through which individuals compete for jobs within the context of a labor market. In its nature it creates positions of substantial power for owners …
image: scenes from Mumbai, April 2016 Inequalities of wealth and income throughout the world have generated a great deal of attention in the past several years, in both the media and the scholarly world. Thomas Piketty's Capital in the Twenty-First Century gave this set of debates a huge impetus when it appeared in 2013. Branko …
A few days in Bangalore, Kerala, and Mumbai have been very interesting, from a social-change point of view. There is an election cycle underway, with prospects for a strong showing for the secular Left in several states. There is a resurgence of bigotry of various forms, including both anti-Muslim activism and violence against student activists, …
The human costs of China's Three Gorges dam project are reasonably well known. Since construction began in 1994 between 1.3 million and two million people have been involuntarily resettled to higher ground and to other provinces. The project has created massive environmental hazards for China (link), and has also created a gigantic human cost among …
One of Marx's more important pieces of political writing is the The Eighteenth Brumaire of Louis Bonaparte (1851) (pdf). Here is his analysis of the causes of the specific nature of peasant political consciousness leading to the election of Napoleon III: The small-holding peasants form an enormous mass whose members live in similar conditions but without entering into …
