Graph sowing the principle of Malthus’ theory of population. (Graph by Jan Oosthoek, Environmental History Resources) In June 1798, an English vicar penned two sentences that in many ways defined the problem economists have tried to solve ever since. “Population,…
Category: Economics
Keir Starmer and the end of the Fabian dream
Keir Starmer delivers the leader’s speech at the annual Labour Party conference in Brighton on 29 September 2021. Is he Fabianism’s final hurrah? In January 1884, seven men and two women who were by the standards of the time dreamers…
The intangible commodity
Karl Marx was a rationalist who rejected religious or metaphysical arguments. He was, therefore, drawn to the scientific approach to economics that the cost of production theory of value expressed. Chapter 1 of Capital’s first volume lays the conceptual foundations for…
Capitalism has no future when there’s no risk
Welcome to Economics2030…
… a vital source of ideas and news about economics and economic theory that seeks to re-define the discipline to take into account the rise of intangibles generally and intangible capital in particular in advanced economies. This site contains a rich…