Category Archives: links to my essays

Heterodox economics: my latest

1. David Wright invited me to a podcast, which is here. I got off to a slow start, so I recommend skipping ahead to about minute 6, maybe even to minute 8, where Wright brings up the book Capitalism without … Continue reading

Posted in business economics, Economic education and methods, links to my essays | 1 Comment

My own review of Eliezer Yudkowsky

My review of Inadequate Equilibria. The most significant episodes in my career have been when I stood for heterodox beliefs. For that reason, Yudkowsky’s book raised issues that matter to me, even though I did not always find Inadequate Equilibria … Continue reading

Posted in books and book reviews, links to my essays | 3 Comments

Too much discipline on the left, too little on the right

Check out my latest essay on Medium, Restoring Political Health, Left and Right. People with a temperament that is high on openness and low on conscientiousness are inclined toward the left and tend to be curious, tolerant, and willing to … Continue reading

Posted in links to my essays, Politics | 24 Comments

The Paradox of Profits, parts 2 and 3

Part 2 talks about the necessity of the profit system. In a modern, large-scale economy, coordination takes place through a combination of bosses and profits. Bosses order people to undertake particular tasks. Profits and losses provide incentives to engage in … Continue reading

Posted in Libertarian Thought, links to my essays | 9 Comments

Equity without capital, twenty years later

I received a review copy of Capitalism without Capital: The Rise of the Intangible Economy, by Jonathan Haskel and Stian Westlake, which has a 2018 copyright date. 1. My first reaction is to be a bit miffed that my name … Continue reading

Posted in books and book reviews, business economics, disaggregating the economy, links to my essays, Tyler Cowen is my Favorite Blogger | Tagged , , | 1 Comment


I put up a short science fiction story on Medium about telepresence using augmented reality. You may wonder why. 1. Aaron Ross Powell put in a strong plug for Medium. 2. I remember when Robert Metcalfe once was asked what … Continue reading

Posted in links to my essays | 4 Comments

Stranger = Danger

James Bridle writes, Someone or something or some combination of people and things is using YouTube to systematically frighten, traumatise, and abuse children, automatically and at scale, and it forces me to question my own beliefs about the internet, at … Continue reading

Posted in links to my essays | Tagged | 10 Comments

Complexity illustrated by the financial crisis

This IGM poll of leading economists on the importance of various factors in the financial crisis of 2008 provides interesting results. The poll lists 12 factors, and all of them receive at least some positive weight. In fact, this under-estimates … Continue reading

Posted in Financial Crisis of 2008, links to my essays | 3 Comments

Re-litigating Netscape vs. Microsoft

In WTF, Tim O’Reilly writes, Netscape, built to commercialize the web browser, had decided to provide the source code to its browser as a free software project using the name Mozilla. Under competitive pressure from Microsoft, which had built a … Continue reading

Posted in books and book reviews, business economics, links to my essays | Tagged | 9 Comments

Re-litigating Open Source Software

In his new book, Tim O’Reilly reminisces fondly about the origins of “open source” software, which he dates to 1998. Well he might, for his publishing company made much of its fortune selling books about various open source languages. In … Continue reading

Posted in books and book reviews, business economics, links to my essays | Tagged | 19 Comments