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Software is Eating the World-Tesla Edition - Marginal REVOLUTION
The larger economic issue is that every durable good is becoming a service. When you buy a car, a refrigerator, a house you will be buying a stream of future services, updates, corrections, improvements.
econbasics 
18 days ago by frederikmarain
Private and public value | The Enlightened Economist
In an echo of the wider debate about economic institutions, she argues that the Anglo-Saxon structures have become extractive or exploitative, rather than value-creating. I was briefly excited by her use of the term ‘public value’, with the BBC as an example; but she does not reference the political science literature on public value or that the BBC actually implemented formal public value processes. The book instead links the term to Elinor Ostrom’s work on collective decisions (wonderful as it is).
social-entrepreneurship  econbasics 
5 weeks ago by frederikmarain
Basic income, debated | The Enlightened Economist
My objections are that any feasible level of basic income will not help people improve their lot in life, in contrast to a high quality universal basic infrastructure (public transport, broadband, and health/education). Being handed an individual income is not going to solve collective challenges.
econbasics 
6 weeks ago by frederikmarain
Marketcraft | The Enlightened Economist
Somewhat ironically, Vogel reflects on the same tension in Karl Polanyi’s The Great Transformation, noting that it both asserts that ‘the market’ becomes a separate sphere from society, commodifying a growing territory of life, and that the self-regulating free market is a myth because markets are always socially embedded.
econbasics  social-entrepreneurship  polanyi 
7 weeks ago by frederikmarain

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