Buchanan on a Steve Keen's article

The Physics of Finance: Steve Keen on economic self-cannibalism: Great article by Steve Keen, reflecting on 40 years of change as traditional neo-classical economics has become less important and less inf...

Buchanan on Econophysics again

From time to time I will Reblogg posts from Mark Buchanan's The Physics of Finance:
The Physics of Finance: The Wall Street Journal weighs in on "econophysics...: Michael Casey has written a nice short essay in the Wall Street Journal on the topic of econophysics, and more generally the physics-inspir...

We must learn and work....faster and faster!

In this post on 'The Physics of Finance' Mark Buchanan takes us back to a longstanding paradox in Economics: that of Productivity. Productivity may well one of the most puzzling paradoxes and concepts in all of Economics, and it will maybe continue that way, even with all the  technological advancements. Or by the way even in spite of Technology as the MIT Tech Review article mentioned points to. Always interesting, especially for our times where productivity data may be misused.....:

The Physics of Finance: Robots will take your job: From MIT Tech Review, this article explores an important question: is technology putting people out of work? That simple answer is of c...