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397 posts · Last used 12h

Emeritus Prof. Christopher May @ChrisMayLA6@mastodon.me.uk
· 1d ago
Boosted by @trending@homestead.social
A favourite trope of the small-state crowd is to attack taxes by saying 'make work pay' as if taxes had prompted a low-wage economy. The *real* issue is the share of national Gross Value Added that accrues to capital & to labour (in aggregated terms). In 1975 workers' share of GVA was 71.9%.. fifty years later that has dropped to 59.7%. So, while the UK's economy has largely stagnated, capital has increased its capture of value from economic activity. #economics #inequality h/t Prem Sikka
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Emeritus Prof. Christopher May @ChrisMayLA6@mastodon.me.uk
· 1w ago
Boosted by @trending@homestead.social
As Michael Basler argues (Observer letters), 'judging regional economies through tax receipts ignores the historical concentration of wealth, capital & corporate power in London'! Regional disparities have not been the accidental consequences of economic processes, but rather have been engineered by the City of London & financial services. Unless the new regionalism promised by Andy Burnham specifically seeks to rebalance the UK's economy, it will amount to little. #economics #politics
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Marginal Revolution @marginal_revolution@robot.villas
· 1w ago
Saturday assorted links https://marginalrevolution.com/marginalrevolution/2026/09/saturday-assorted-links-580.html?utm_source=rss&utm_medium=rss&utm_campaign=saturday-assorted-links-580 #Economics #Culture #Links
Saturday assorted links - Marginal REVOLUTION
Marginal REVOLUTION

Saturday assorted links - Marginal REVOLUTION

1. One way to use screens less, will it catch on? 2. Roon as cultural critic. 3. The Greenland deal sounds pretty good for America? 4. The cultures that are New England? 5. Yet newer results on AI-driven labor demand. 6. Ayn Rand as movie extra.

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Emeritus Prof. Christopher May @ChrisMayLA6@mastodon.me.uk
· 1w ago
Boosted by @gvenema@fairmove.net

As Jason Hickel argues:

'the tendency to equate capitalism with "markets and trade" naturalizes a system that is not natural, and prevents us from having a clear-eyed view of how it operates & how we might want to do things differently'...

he then offers a vg three part definition of capitalism:

  1. Capitalism is built on enclosure & the construction of scarcity;

  2. it requires perpetual expansion (growth);

  3. economics decisions cannot be democratic.

#capitalism #economics h/t LinkedIn

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gclef @gclef@social.vivaldi.net
· 3mo ago
"Human lives are not merely supported by nature: they are entangled with it, emerge from it, are enmeshed in it, nourished by it, and dependent on it in countless ways, from local to planetary. Humanity is an intimate part of nature, so development that undermines the living world ultimately undermines itself." https://aeon.co/essays/it-doesnt-have-to-be-us-versus-nature #Nature #Global #Earth #Science #China #Development #Progress #Economy #Economics #Health
It doesn’t have to be us versus nature | Aeon Essays
aeon.co

It doesn’t have to be us versus nature | Aeon Essays

Human prosperity depends on nature, but no global metric has captured this with precision. Enter the Nature Relationship Index

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