Victor Loux Bookmarks Tag: economics

42 bookmarks tagged “economics

The Dangers of Elite Projection

humantransit.org/2017/07/the-dangers-of-elite-projection.html
(Leer en español aquí.)   Elite projection is the belief, among relatively fortunate and influential people, that what those people find convenient or attractive is good for the society as a whole.  Once you learn to recognize this simple mistake, you see it everywhere.  It is perhaps the single most comprehensive barrier to prosperous, just, and […]

Markets in power

bam.kalzumeus.com/archive/markets-in-power/
How physics and infrastructure combine to generate (ba dum bum) the power market.

We don’t have a hundred biases, we have the wrong model

worksinprogress.co/issue/biases-the-wrong-model/
Behavioral economics has identified dozens of cognitive biases that stop us from acting 'rationally'. But instead of building up a messier and messier picture of human behavior, we need a new model.

Yanis Varoufakis on Crypto & the Left, and Techno-Feudalism

the-crypto-syllabus.com/yanis-varoufakis-on-techno-feudalism/
Was that a good or a bad thing? Of course, it was good for a young person in Shenzhen who managed to earn $60k a year designing digital hats on his PC – instead of destroying his body in a sweatshop. The question, however, is: Could all workers in Shenzhen (and beyond) be rescued from sweatshops by migrating to a metaverse? The answer is: Not before we have robots working for all of us so that we can reproduce the material conditions of our lives. As long as we do not have these mech...

The Case Against Crypto

stephendiehl.com/blog/against-crypto.html
History repeats itself first as tragedy and then as farce. The wild economic oscillations of yesterday’s gold standard is today’s dog meme mania. Human nature is remarkably invariant through the ages and if we don’t learn the lessons of history then we’re doomed to repeat the mistakes of past generations. This time around If we’re very lucky then crypto assets simply end in a market crash and a series of progressive New Deal-like reforms to our financial system. If we’re unlucky then...

The economics of vending machines

thehustle.co/the-economics-of-vending-machines/
[…] Ibanez’s YouTube channel, which chronicles his life as a vendor, boasts 362k subscribers and now earns more than his machines.