Knowledgeable Pinheads and Sneaky Pickpockets make the Economic Universe Let’s go back to the beginning…the very beginning. All matter was gold until the great explosion sent gold pieces hurling into deep space. When the stars and planets formed though they were not just made of gold and land but combined with labor and capital. And [...]
The Changing Money Myth In the movie “The Artist,” George Valentin gets caught up with the advent of movie sound and left behind as an actor. Like the typewriter repair person, he is rendered useless by technological change. In a tribute to the old Hollywood silent days it is against all odds that a movie [...]
Exercise: What have you done in your life that was done for money but felt wrong since you believed that you didn’t have a better choice? As each person ages, we must decide at what point do we apply the label “old” to ourselves. Like becoming rich, there is not one point when you are [...]
I dream worlds. They are other worlds which I figure must be in alien realms or distant lands. I used to dream about relationships which contained the characters in my life like one would view a play at a theater. No more, I only see some bizarre world where I can’t explain what happens or [...]
It’s official. The financial markets have been diagnosed with bipolar disease. Wildly down one day and then up the next (or even during the same day). Everyone wants to know whether consumers will have the confidence to keep buying anything and everything they can find. One day it seems we will keep buying and buying [...]
The Story of I, We, and IT continued The history of homo-economicus has always been about a battle between the I and the We. For each side, the IT has always been about equality. The I’s want equality of prospects for individuals to have the freedom to pursue the goals and motivations without government getting [...]
The History of the Future of Money (Part I) Before this Little Piggy went to market, there was a big ol’ hairy Rat that took all his money and started a race. This was a grand race, called the It-diderod which most everyone called by the diminutive of It. The further that the race progressed, [...]
Belief in the Illusion that is Money There is movie called “Catfish.” The movie is in the style of a documentary where the filmmaker’s attempt to delve into the life of an eight-year old painter only to find out that the whole thing was manufactured online by the girl’s mother. The mother turns out to [...]
Living in Los Angeles, I am inundated with stories in the papers about Frank McCourt, the owner of the Dodgers baseball team. His fate seems to also be aligned with the other news in the form of the nefarious Momar Gadhafi of Libya as they both try to cling to power with institutional forces trying [...]
Whether it is the Middle East or an American election, there is a natural tension between political and economic change. In Egypt, for example, political change has caused an old regime to be ousted while the new government is just trying to form and develop. This change though, while political, has yet to address how [...]
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