It’s not very contentious to say that the economy is populated largely with humans. If economics is the science and study of how people interact with value, and all people behave irrationally to some extent, or at least on some occasions, then the equations that actually express human behavior must be nonlinear; or, human behavior can only be modeled with equations that are unsolvable. If … Continue reading Ain’t Nobody Misbehaving
Capitalism itself fundamentally emerges from the simple elements of individual agents participating in trade. As soon as intangible concepts like “money”, “interest” and “profit” are incorporated into the picture, economic growth for participating parties becomes decoupled from the real availability of resources, usually at an accelerated rate. With this basic history, many of us find ourselves in the present, profit-maximizing environment of capitalism-as-usual. For a … Continue reading Education & Emergence
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