It’s in your food supply. It affects your health. The Fed Chairman does it. Robin Hood did it. Dying people must deal with it. The 1% get their share but so do single Moms. You can find it in merit scholarships. It was behind the Cold War. It pits the old against the young and [...]
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 [...]
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 [...]
The other night, I was out with my son in the Mid-Wilshire area of Los Angeles. He was also going out of town that evening so we had to arrange a rendezvous with his friends who he was going to be driving with. I thought to myself that in my day, we did not have [...]
This was a sign from the Occupation movement in Los Angeles. The top of the sign reads “15 years ago we had” (Photo by Harlin Kahn) When the Arab Spring populist movement came about, it was not only about changing the type of government but also about jobs. This translates to a demand for a [...]
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 [...]
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 [...]
Re-imagining Money as a Fair Tender There is a quote by William Faulkner that “History isn’t dead; it’s not even past.” There is a lot of talk that with the U.S. national debt where it is, this unsustainable level will bring the U.S. and its currency down. In this context, I would like to rework [...]
In part I, how culture uses its large institutions may be blocking the changes needed to sustain the very institutions that we need. We need these institutions to not only flourish but for our survival. We used the examples of college admissions, collegiate athletics, commodities trading, and political elections. Can we change the story of [...]
My daughter is about to graduate from college and my son is about to graduate from high school. As many parents, while I am extremely proud, however, I worry about the opportunities that await them. When I think about how the world will change for them, my twisted mind seems to wrestle with college graduation [...]
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