I had a nice discussion about how the economists are consistently missing the ball by not taking in account the harm done to the Biosphere. Furthermore, I was asked bout marginal utility and I described it as how valuable an extra good is. For example, if you are hungry, an apple is worth 1$. The second one 50 cents, etc, and the 10th one may well have a negative value due to indigestion! Like the cliche, too much of a good thing is bad for you!
0 · July 28, 2010
Just for starters. The automaticearth blog is an off shoot from theoildrum.
Modern Economics puts a scientific mask on, but is really a form of top down political control via the "means of production". Capitalism really isn't much different than Socialism; the difference being labels such as "private" or "public" ownership, or control by a few within a societal hierarchy.
0 · July 13, 2010