Moana, Complacency, and the Enduring Appeal of Steady-State Economics
(Sometimes you wake up in the middle of the night with a reading of the political economy of Moana, and you just have to write it down. I regret nothing!)
political economy
Touchstone Terms: The Accursed Share
This is a part of a series on terms and concepts that I find particularly resonant. We usually say that the fundamental rule of economics is scarcity : there are never enough widgets (food, housing, gadgets) to meet all the demand And even where we seem to be endowed with wealth, we still face opportunity…