Minimum Wage, Minimum Cage

Voltairine de Cleyre:   “Laborers are free to compete among themselves, and so are capitalists to a certain extent. But between laborers and capitalists there is no competition whatever, because through governmental privilege granted to capital, …, the owners of it are enabled to keep the laborers dependent on them …

Subsidized “Hustle”

While I like Richard Wolff to some degree when he gets it, I think I’m more bothered when he’s off the mark than I would be from someone else as he claims to be an economist, and an anti-capitalist (for the most part). In this program he discusses this Routers …

Cost, The Limit

Today’s big hit is a cute little paper by a couple econophysicists in Bremen. They built a toy model where a whole bunch of limited agents each have two types of interactions: they decide a ‘trustworthiness’ value for themselves [0-1] as well as who all to contract with, and strategize …