Relevant and even prescient commentary on news, politics and the economy.

Expressions that pass from hand to hand like sealed containers…

Expressions that pass from hand to hand like sealed containers… In Herbert Marcuse and Planned Obsolescence I undertook to develop a theoretical foundation for ‘planned obsolescence’ from Georg Simmel’s analysis of the “preponderance of objective culture over subjective culture that developed during the nineteenth century.” My intuition has proved to be uncannily prescient. Besides the indirect influence […]

Student Loan Debt Cancellation Will Not Benefit the Wealthy or Young?

Student Loan Cancellation will not Benefit the Wealthy, Alan Collinge, Student Loan Justice Org. Alan Collinge History In 1972, allegations about students abusing bankruptcy3 courts were beginning to make headlines. Major newspapers were publishing anecdotes about students who took out large college loans. Supposedly then, young graduates or students quickly declared bankruptcy to avoid paying them off. The […]

How intelligence was distributed among the animals

How intelligence was distributed among the animals Illustration by Tom Seidmann-Freud In the beginning, none of the animals was endowed with intelligence. When they saw a hunter coming towards them who wanted to kill them, they stopped, looked at him, and were shot. So our Lord sent someone who put all the senses in a […]

Advocate of Book Burning Becomes Chairman of Virginia School Board

(Dan here…I am reading more examples of this trend of local censorship) From Diane Ravitche’s blog comes this posting: (Quote) Peter Greene tells the ignominious story of the Spottsylvania, Virginia, school board. One of the school board members, Kirk Twigg, is a conservative Christian who is very fearful of books that might have any sexual content. He […]

Book review: “The St. Louis Commune of 1877”

Prof. Joel Eissenberg, Upfront Blog For Christmas 2021, Linda gave me a copy of “The St. Louis Commune of 1877: Communism in the Heartland” by Mark Kruger. The title certainly grabbed my attention. Having read it, there’s somewhat less than meets the eye here. The reason I never heard of this before is that the […]

New Student Loan Payment Schedule

Alan Collinge’s Student Loan Justice Facebook page. I keep talking about how the consolidation fees, late fees, forbearance interest, etc. and the interest on the previous adds up over time. Pretty soon, it surpasses the original loan balance. There are probably worse examples of this occurring. As it is, the non-principal payments are more than […]

Paul Samuelson On Knut Wicksell

Paul Samuelson On Knut Wicksell  Something I have been doing for several years now is serving as Senior Coeditor of the Fourth Edition of the New Palgrave Dictionary of Economics, with the original one published back in 1894 in London (my coeditors are Matias Vernengo and Esteban Perez). As part of this effort, a multi-year […]

RIP Sharon L. O’Hare

If Barkley is writing about it, it warrants space on AB. RIP Sharon L. O’Hare, Econospeak, Barley Rosser I know, I know, my part of this blog is increasingly resembling an obituary column. But, heck, people I know who are conneted to econ keep dying, although this one was not as well known as others. […]