Blog #90b – Trump the Businessman in the New Post-Industrial Economy: The Commodification of Luxury


Blog #90b – Trump the Businessman in the New Post-Industrial Economy:  The Commodification of Luxury [Last pre-election blog — voting now is critical! More afterwards…] Major economic and social developments in the Deep Real Economy have underlain Trump’s success as a Businessman. In these developments profit is derived not primarily from within industrial production, as […]

Blog #55b – Why Does Inequality Have Popular Support?


Blog #55b – Why Does Inequality Have Popular Support? The Agents of Inequality The Agents of InequalityThe Processes of Inequality: Exploitation, Dispossession, Incorporation I have argue here and elsewhere[1] that Social inequality is caused, not by any technical developments or by agreement that it is just or because the people wanted it, but because it […]

Blog #49 Picketty, Leonhardt, and Market Economics


  Blog #49 draft Picketty, Leonhardt, and Market Economics David Leonhardt writes: “What is it about market economies that typically causes the assets and incomes of the rich to rise more rapidly than those of everyone else?”[1] Picketty’s First Law of Inequality explains some – they accrue capital, invest, it,and benefit from the return on […]