Fond Thinker

Recent research findings for an improved life. Film, music finds, art pieces, alternative literature, and remarkable ideas from the brightest stars. With updates each week.

Category: Economics

Human Climate Change Solved: Tax Carbon

Remember that prevention of harm and repair of damage to ecology are also needed, not just atmospheric mitigation. A decimal degree reaps death on species who sustain us humans. There are engineers and politicos, though, working to mitigate the prime mover of climate disturbance: human industry-caused greenhouse gases, carbon dioxide and methane. Unfortunately, the two… [Read more]

Will World Development End?

The term ‘development’ implies betterment through change. Some aspects of development – like clean drinking water and reduced child mortality – are inarguable. The tasks of mitigating poverty and reducing violent corruption in developing countries are also admirable. The implication of betterment, however, becomes problematic when basic necessitates are met and pains relieved. When the… [Read more]

Why The Customer Isn’t Always Right

The type of rationality assumed in economics is limited. One can generate solutions to theoretical problems, but the actual human behaviour is far messier. Each human has limits. Limits around what information is available, their own mind in processing that information, and the amount of time they have to think it through. Herbert Simon coined… [Read more]

Science Is Fallible According To Science

Politics and economics are sometimes called ‘social science’ or ‘political science’ by higher education institutions even, but as Cambridge University economist and adviser to The World Bank Ha-Joon Chang says, the rules of these are value-judgements mostly based on precedent. The value of screen digits, for example, which can be deleted or bills which can… [Read more]

The Real Robot Takeover: The Singularity

The Singularity is the exciting term for when artificial intelligence rivals human intelligence. It is used in dystopian fictions time again as a source of entertainment, but it is a possible, many argue a probable, reality. Indeed, the most basic artificial intelligence runs the online web and stock markets. The development of more intelligent artificial… [Read more]

Why Socialism: Robots Stealing Jobs

As machines outperform their human counterparts and take their jobs unemployment will rise to such an extent that solutions, like universal basic income or universal basic services, will become a necessity. In Roald Dahl’s Charlie and The Chocolate Factory, Charlie’s father loses his job to a toothpaste machine but happily becomes the engineer to fix… [Read more]

Post Truth Reading

Post-truth scares me. The arguments that there is an after-point where truth and validity are not considered primary just seem like self-refutation, even nonsense. Of course the fragility of our knowledge and lack of objectivity for how the world works is important to know: there is no right way of doing things by default, but… [Read more]

Neoclassical economics

How Economic Theory Hurts Us

Economics in The West and UK is dominantly neoclassical. Other schools of economics are ignored to such a degree that they are comparably unknown to the voting public – who too often generalise economics as merely The City and services because that is their exposure. Economic alternatives are rare even among education courses – often… [Read more]

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