Exciting news! As of this month, I’m the new editor of the Review of Capital as Power . What is this journal? Why am I editing it? Read on to find out. The Review of Capital as Power ( RECASP for short) is a peer-reviewed journal that publishes research that engages with the idea of capital as power.

A few weeks ago, evolutionary biologist David Sloan Wilson contacted me about an essay series he’s editing called Advice for an Aspiring Economist . The series aims to give advice to students who are interested in learning ‘evonomics’ — economics from an evolutionary perspective. It will be published in This View of Life Magazine and in Evonomics . To my surprise, Wilson asked me to contribute an essay.

As many of you know, the anthropologist David Graeber died recently at the age of 59. Many of us are still coming to grips with this loss. Graeber was a rare individual — both a tireless activist and a superb scholar. In this guest post, teacher and a financial analyst Christophe Petit pays tribute to Graeber, his friend and mentor.

Last fall, I wrote a short article for The Mint Magazine about how income relates to hierarchy. The Mint, if you’re not familiar, does great work promoting pluralist thinking in economics. Check out their on-going Festival for Change — a festival devoted to building a better economy. Back to my aricle. I submitted a manuscript called ‘A Second Look at Hierarchy’. It got published in The Mint as Down to Size. Here’s my original manuscript.

In the field of ecological economics, Frederick Soddy looms large. Born in 1877, Soddy became a chemist and eventually won a Nobel prize for work on radioactive decay. Then he turned his attention to economics . Between 1921 and 1934, Soddy wrote four books that looked at how money relates to the physical economy. For his ground-breaking work, Soddy was rewarded with deafening silence.

If you listen carefully, you can hear Jeff Bezos getting richer. There’s the sound again. Another billion in Bezos’ coffers. Let’s put some numbers to this sound of money. Since 2017, Bezos’ net worth has grown by about $4 million per hour — roughly 500,000 times the US minimum wage. ¹ This accumulation of wealth would be absurd during normal times.

Exciting news! Capital as Power — the seminal text written by Jonathan Nitzan and Shimshon Bichler — is now available for free as both an epub and online book. Full disclosure: the typesetter was yours truly. What’s Capital as Power ? And why did I make a free ebook version? Read on to find out. You must unlearn what you have learned ¹ I don’t talk much on this blog about my personal journey.

Donald Trump took an IQ test … you’ll never guess what he scored! Apologies. That was my attempt at clickbait. ¹ Now that I’ve hooked you, let’s talk about the elephant in the room. No, not Donald Trump. Let’s talk about IQ . For as long as I can remember I’ve been skeptical of measures of ‘intelligence’. The whole procedure rubbed me the wrong way.

A few weeks ago I took a dive into the empirics of life expectancy. How can we live longer, I asked, without consuming more energy? In the past, we’ve used fossil fuels as a crutch. To increase life expectancy, we’ve consumed loads more energy. Figure 1 shows the trend across all countries. Although using more energy does increase life expectancy, it’s not a sustainable option for the future.

Prices are caused by supply and demand, right? So say neoclassical economists. If you’ve bought their fairy tale, I recommend you watch the video below. In it, Jonathan Nitzan demolishes the neoclassical theory of prices. It’s a master lesson in how to deconstruct a theory. An error occurred. Try watching this video on www.youtube.com, or enable JavaScript if it is disabled in your browser. Here’s the 100-word summary.

In the early 1970s, Geert Hofstede discovered something interesting. While analyzing a work-attitude survey that had been given to thousands of IBM employees around the world, Hofstede found that responses clustered by country. In some countries, for instance, employees tended to prefer an autocratic style of leadership. But in other countries, employees preferred a democratic approach.