Macaulay on Economic Progress, 100 Years Before Keynes
Economists have long been fascinated by a 1930 essay written by John Maynard Keynes called "Economic Possibilities for Our Grandchildren" (available various places like here and here). Writing in the opening storms of what would become the Great Depression, Keynes maintained that the main issues facing the economy in the long run was an adjustment to ongoing technological progress. He wrote: "We are suffering, not from the rheumatics of old age, but from the growing-pains of over-rapid changes, from the painfulness of readjustment between one economic period and another." He added: "I would predict that the standard of life in progressive countries one hundred years hence will be between four and eight times as high as it is to-day. There would be nothing surprising in this even in the light of our present knowledge. It would not be foolish to contemplate the possibility of afar greater progress still."
- 05/01/2019
- 5
Energy Transition: An Offensive Approach
Unlike the United States and France, there are other countries that have adopted for various reasons a more offensive strategy in the face of energy transition issues.
- 05/01/2019
- 5
A Not So Simple Question: What is Education?
I previously read an opinion piece in the New York Times lamenting the funding of "lazy rivers" being installed by state colleges on their campuses. I was struck by the first sentence of this piece, which I quote in full: "In a competition to woo students, public universities are increasingly offering lavish amenities that have nothing to do with education."
- 05/01/2019
- 5
Cryptocurrency is the New Target for Cybercriminals
As predicted, the rise of cryptocurrency valuation has captured the attention of cybercriminals. New hacks, thefts, misuse, and fraud schemes are on the rise. Where there is value, there will be a proportional risk of theft.
- 05/01/2019
- 5
How to Lead Like Jon Snow
Contrary to one of the most famous quotes from Game of Thrones (said by Ygritte), “You know nothing Jon Snow,” Jon Snow actually knows quite a bit about how to lead.
- 05/01/2019
- 7
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