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—— Ugarteche, Puyana and Madi ——
Gerson Lima / Maria Alejandra Madi
Edward Fullbrook and Jamie Morgan
————— Michael Hudson ————–
Maria Alejandra Madi / Jack Reardon
————- Edward Fullbrook ————-
—————— Steve Keen —————–
————— Richard Smith —————
————– Gustavo Marques————
– Victor Beker and Beniamino Moro –
————– Lars Pålsson Syll ————-
—————– Stuart Birks —————-
Edward Fullbrook and Jamie Morgan
———— Armando Ochangco ———-
Shimshon Bichler / Jonathan Nitzan
————— Mauro Gallegati ————–
————— Herman Daly —————-
————— Asad Zaman —————
—————– C. T. Kurien —————
————— Robert Locke —————-
Real-World Economics Review Blog 
Hmmm… Less than 2 hours per year now? Some index data seems to be missing. Yet, the only graph relevant now is the one showing that the 62 “richest” people in the world are “worth” more than over 55% of the rest of us. In other words, we all seem to be totally screwed, and economics (as is) is irrelevant, useless and worse.
Don’t forget the fundamentals, Michael. Evolution is accelerating at an accelerating rate in a match with Cosmos expanding at an accelerating rate.
Cosmic powered biology manifest as human is now working on an intellectual pump the exact sam size as France. Collective intelligence within a nation and distributed intelligence when the entire human species is the subject.
I respectfully disagree with Michael and agree with Helen. That said; We are not screwed.
Autonomous democracy with no leaders may not even need a government. We are in the dawn of Aquarius. How long is the Dawning of Aquarius. Fifty Years? Be a little patient. We are only now seeing that representative democracy is a facet of capitalism. Things are happening fast. Representative democracy is not the idea of this age; representing humanity evolving at an accelerating rate is not particularly applicable in the information-age.
I thoroughly agree. Economics is utterly useless and incapable of recognising its own shortcomings, let alone acknowledging that Zero-hour contracts meant Diminishing Marginal Returns in its capacity to wake up to the basic facts and figures of total polarisation on all aspects of real life experiences and, therefore, its credibility on all fronts. It should be scrapped or own up and restart.
Mmmm… Helen, you are clearly a woman after my own Heart of Hearts! At the very least, we are clearly close Spirit kin. Uh, BTW, are you married already? Anyway, either way, I would love to have your help with review and final editing of my forthcoming book on cultural holonomics: axiology, meta-axiology, ethical holonomics & cultural meta-economics, the long awaited foundation of a real science of cultural economy & successor to faux-economical bullgas.
Some fascinating comments. I just need time to establish their relevance to the statistics displayed. I am open-minded about whether RWER should become a dating agency. Mind you I would certainly be impressed if my newly found partner wanted to discuss DSGE or the fault lines of neo-keynesism at the dinner table!
The graphical representation illustrates very interesting cultural contrasts, even so, I advise avoiding DSGE with a romantic partner, especially at the dinner table.
The US part of the statistics clearly illustrates arresting of cultural evolution and the harnessing of humanity to finance totalitarianism at about 1972. They have all leveled off in a clear example of representative democracies representing capital and imposing austerity on the masses to make up for the free lunch a sick Earth no longer supplies capitalist thieves.
Does my take on the statistical presentation come at all close to anyone else’s? Does my impression of these statistics say anything about French collective prescience?
Garret, your optimistic comments caused smiles & chuckles. Since I See human Life as much more than a quantitative matter of material phenomena, I’m an optimistic fatalist, i.e., a Buddhist realist. I See the glass as half full, but it’s the top half. ;-) Now, what we agree on is in your 2nd paragraph above. Yet, until “economics” or its succcessor has a valid, generally accepted, nonfragmentary, unitive body of theory and metatheory, I See no Way to have truly useful, systainably beneficial discussions “as if” economics is a viable project for the sake of higher QOL and GDH (general domestic happiness) for all generations of humanity.
Michael, I agree that quantitative economics alone has little to do with the quotient of happiness once physical needs are satisfied. Part of the reason that we pay attention is a portion of our species is stricken with the mental illness of insatiable want. One rotten apple really can spoil an entire barrel.
So travel back in time as a buddhist. Notice the perfection of nothing becomes more ever more perfect the less there is until the asymptote; Absolutely nothing has nothing out of place and at it’s cusp is so crammed with potential for chaos it bursts into being with a big bang.
Many economists would jump in and start making models at this point. I wonder if you as a buddhist thinker might urge a little patience. Big bang has barely begun banging, even now, today, we are unsure about what it is actually doing.
Here’s where dating comes in;
Five hundred billion degree primordial plasma where nothing was. It is dark and expanding into the fertile field of absolutely nothing in all three directions at somewhere near the normal speed of an explosion. Quarks begin to precipitate on the outer edge, their attraction to each other increases with the distance between them. They rush toward each other in the shortest possible distance by creating a new dimension we call time. The quarkian urge to mate and create something entirely new is so intense they dragged billowing big bang outward through the shortest distance in four dimensions. Sex drive causes inflation and created time, a point few economists include in their models. Eventually so many quarks mate and make interesting new beings that hydrogen is born, where quarks can rest peacefully, close together in nuclear beds, until gravity comes into play and a star is born.
Humanity now has a photograph of a 12.5 billion year-old fossil from Bigbang’s past. Young astrophysicists secured time on the big telescope atop Maunakea, Hawaii. They knew what they were looking for, pointed the big telescope and clicked. Here you can see a popped bubble of primordial plasma. The bubble pop energy resulted in a ring of many galaxies as big as our milky way. The popped bubble left a hole that goes still deeper into time. Pure blue galaxies with only blue hydrogen stars can be seen deep in the bubble and along the walls of its outward passage into the fertile field of nothingness. Primordial black may be visible deeper.
So now we are a mature species that can look directly into the past and know where we come from. Among us are ignorant quantifiers wanting to own it all as in a game of monopoly. They force us to consider social organization that can banish insatiable capitalist want to an isolated golf estate for ever.
Here’s the picture. Import it to you computer for full size view. Belly laugh at equilibrium theory https://www.eurekalert.org/pub_releases/2018-12/wmko-fft121718.php