#JamesKGalbraith hashtag - Bluesky

@dbcurren.bsky.social

9 months ago

2 “This is the most basic #commonsense, familiar to every parent and every #business manager. Only small children and economists sometimes take a different view.” -
- #JamesKGalbraith and #JingChen, #Entropy #Economics: The Living Basis of Value and Production

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Don Curren 🇨🇦🇺🇦

@dbcurren.bsky.social

9 months ago

“Over the long term, whether a system survives or prospers depends on its rate of return and not on achieving #MaximumProfit or utility in the short run.” - #JamesKGalbraith and #JingChen, Entropy #Economics: The Living Basis of Value and Production

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Don Curren 🇨🇦🇺🇦

@dbcurren.bsky.social

9 months ago

2 “ … from gunpowder to nuclear fission, but it’s obscured by words like #productivity and #progress in mainstream economics.” - #JamesKGalbraith and #JingChen, Entropy #Economics: The Living Basis of Value and Production

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Don Curren 🇨🇦🇺🇦

@dbcurren.bsky.social

9 months ago

“ … that his own position as top dog was unchallenged’ (Jenkins, 2001, 180)” #JamesKGalbraith and #JingChen, Entropy #Economics: The Living Basis of Value and Production

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Don Curren 🇨🇦🇺🇦

@dbcurren.bsky.social

9 months ago

3 “… he was both the most inegalitarian modern president and the oldest president in the #UnitedStates to that date. There have been other elderly presidents since” - #JamesKGalbraith and #JingChen, Entropy #Economics: The Living Basis of Value and Production

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Don Curren 🇨🇦🇺🇦

@dbcurren.bsky.social

9 months ago

2 “ … of which perhaps the most basic is, there is no #equilibrium.” - #JamesKGalbraith and #JingChen, Entropy #Economics: The Living Basis of Value and Production

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Don Curren 🇨🇦🇺🇦

@dbcurren.bsky.social

9 months ago

“Mainstream #economics … aims to forge a kind of universal #consensus in favor of certain #institutions ( #markets) and against others (big #government, central planning, #regulation).” - #JamesKGalbraith and #JingChen, Entropy Economics: The Living Basis of Value and Production

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Don Curren 🇨🇦🇺🇦

@dbcurren.bsky.social

9 months ago

2 " ... people are encouraged to to about their daily lives." - #JamesKGalbraith and #JingChen, Entropy #Economics: The Living Basis of #Value and #Production

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Don Curren 🇨🇦🇺🇦

@dbcurren.bsky.social

9 months ago

“while #entropy is a universal law of nature, #equilibrium is nothing more than a figment of #economic models and the imagination of their creators.” - #JamesKGalbraith and #JingChen, Entropy #Economics: The Living #Basis of #Value and #Production