Practical Economics to Build a Flourishing World

Articles
Our Malleable Preferences: Part 1

Our Malleable Preferences: Part 1

“When a man is tired of London, he is tired of life …” – Samuel Johnson I grew up in modest circumstances. When I was 10, having a piece of chocolate was a big thing. I imagined a future in which I would be able to afford as many chocolates as I wanted. Remarkably, that...
Flourishing: An Expansion

Flourishing: An Expansion

“He is happy who lives in accordance with complete virtue and is sufficiently equipped with external goods, not for some chance period but throughout a complete life.” –Aristotle, The Nicomachean Ethics So what is the economy for? How will we know if the economy is delivering what we want? As Principle 3 of Economic Reality...
Create Vs. Capture: Hey Dude, Let’s Open a Hedge Fund – it’s just way too tedious to build a real business

Create Vs. Capture: Hey Dude, Let’s Open a Hedge Fund – it’s just way too tedious to build a real business

“When I was a graduate student at Harvard, I learned about showers and central heating. Ten years later, I learned about breakfast meetings. These are America’s three great contributions to civilization.” – Mervyn King Our complex economic ecosystems (CEEs) – health, education, housing, finance –  are not necessarily the self-regulating mechanisms tending to better and...
Addressing Alternatives to Flourishing

Addressing Alternatives to Flourishing

To Flourish: to “grow or develop in a healthy or vigorous way, especially as the result of a particularly congenial environment.”   -The Oxford Dictionary Online “The greatest management principle in the world is: the things that get rewarded and appreciated get done.”  – Michael LeBoeuf Principle 3 of Economic Reality states that the rules...
When Feedback Fails 2: The Economic System

When Feedback Fails 2: The Economic System

A country that displays an almost ruthless commitment to efficiency and performance in every aspect of its economy, a country that switched to Japanese cars the moment they were more reliable, and to Chinese T-shirts the moment they were five cents cheaper, has loyally stuck with a health-care system that leaves its citizenry pulling out...
How Do We Manage Economic Decline?

How Do We Manage Economic Decline?

[T]he development of capitalist production makes it constantly necessary to keep increasing the amount of capital laid out in a given industrial undertaking, and competition makes the… laws of capitalist production to be felt by each individual capitalist as external coercive laws. It compels him to keep constantly extending his capital, in order to preserve...
System Deterioration: The Impact of Universal Austerity

System Deterioration: The Impact of Universal Austerity

So-called austerity, the stoic injunction, is the path towards universal destruction. It is the old, the fatal, competitive path. Pull in your belt is a slogan closely related to ‘gird up your loins,’ or the guns-butter metaphor. – Wyndham Lewis In the 2001 Planet of the Apes remake, the spacecraft that crash-landed thousands of years...
When Feedback Fails - The Individual

When Feedback Fails – The Individual

“One must be prepared to be enlightened about oneself… and be prepared to act upon this enlightenment” -Nevin Thesis, 135 It is illegal to race a denerved horse. In fact, a prominent English trainer – Howard Johnson – was banned for 4 years for doing this in 2011.1)See Chris Cook. “Howard Johnson quits after ban...
Flourishing and the Velocity of Money

Flourishing and the Velocity of Money

Hae-Joo led me to a stylish cafe platform. He bought a styro of starbuck for himself and an aqua for me. He explained that under Enrichment Laws, consumers have to spend a fixed quota of dollars every month, depending on their strata. Hoarding is an anti-corruption crime. -David Mitchell1)David Mitchell, “An Orison of Sonmi –...
Who can manage their own lifetime risk – return of the $6 million dollar man?

Who can manage their own lifetime risk – return of the $6 million dollar man?

In this environment, it is essentially impossible for the average individual to be able to manage their lifetime personal financial risk in any coherent manner. Earnings, prices, and longevity are simply too uncertain.
The Labour Market: The Greatest Market Failure Ever - Part 1

The Labour Market: The Greatest Market Failure Ever – Part 1

“I became an actor by accident.” – Christopher Walken Yao Ming is 7 feet tall and weighs 141 kilos (at least he did, during his playing days). He is China’s most famous sports hero, was the first Chinese player in the NBA, and an 8-time All-Star for the Houston Rockets. It’s pretty likely that Yao...
Optimized Competition

Optimized Competition

Optimized competition best describes a set of rules to reduce the dimensions of competition in a way that works demonstrably to increase Flourishing.
Purpose of Nevinomics

Purpose of Nevinomics

My goal is to create a series of economic writings that explore the most fundamental issues in economics and society with the integrated goals of understanding where Canada fits within the world economy and prescribing steps toward creating an even better and more resilient Canadian society.