For those following the thoughtwork, I threw in a conditional to handle normal economic slowdowns not due to automation. This little robin of spring is ready to leave the nest. It'll fly.
#EconSky #AI #economics #economy #Pigou #Keynes #Hamilton #robotics #LLMs #RLmodels
#EconSky #AI #economics #economy #Pigou #Keynes #Hamilton #robotics #LLMs #RLmodels
AI Adjustment Worksheet
Contemporary Thought
johnnymfrazier.blogspot.com
November 3, 2026 at 10:05 PM
maluco longe de mim defender economia mas como que essas pessoas se julgavam liberais, apreciadoras de liberalismo, estavam lá fracassando em inventar pareto, coase, pigou e isso meio que era levado a sério em toda a youtubersfera
November 4, 2026 at 3:06 AM
maluco longe de mim defender economia mas como que essas pessoas se julgavam liberais, apreciadoras de liberalismo, estavam lá fracassando em inventar pareto, coase, pigou e isso meio que era levado a sério em toda a youtubersfera
Here's a reprise of my early morning post promoting a rewrite of a popular blog addressing the need for a UBI and the theoretical context of one such scheme. For your inspection.
#EconSky #AI #economy #Keynes #Pigou #economics #UBI #blog #ideas #thoughts
#EconSky #AI #economy #Keynes #Pigou #economics #UBI #blog #ideas #thoughts
I have just rewritten my popular post on the calculation of a correction to aggregate demand to account for the externality of a lack of a route to transfer wealth created by AI and AI driven #robots to human consumers. It is far more coherent and sensible. For your consideration.
#EconSky #AI #UBI
#EconSky #AI #UBI
AI Adjustment Worksheet
Contemporary Thought
johnnymfrazier.blogspot.com
October 31, 2026 at 2:08 PM
Pigou said that private interests generating negative public externalities need to redress those expenses as a cost of doing business. As far as I'm concerned if AI damages aggregate demand, and it almost certainly will, that's a negative externality and redress is a cost of doing business.
#EconSky
#EconSky
AI Adjustment Worksheet
Contemporary Thought
johnnymfrazier.blogspot.com
October 31, 2026 at 11:42 PM
Pigou said that private interests generating negative public externalities need to redress those expenses as a cost of doing business. As far as I'm concerned if AI damages aggregate demand, and it almost certainly will, that's a negative externality and redress is a cost of doing business.
#EconSky
#EconSky
I am defending my funding scheme for a #UBI. My scheme is conditional on shortfalls in aggregate demand, no shortfall, no correction fee. So before you take exception you need to answer two questions: retrain for what?
and
how many Volkswagens equal a super yacht?
#EconSky #Pigou #Keynes #Hamilton
and
how many Volkswagens equal a super yacht?
#EconSky #Pigou #Keynes #Hamilton
AI Adjustment Worksheet
Contemporary Thought
johnnymfrazier.blogspot.com
November 1, 2026 at 5:44 PM
I have posted a new #blog journaling some thoughtwork on my way to what promises to be a fairly original, but intellectually derived from #Marshall and #Pigou, argument for a #UBI based on #MultipleCapitalAccounting, a form of #TrueCostAccounting. For your consideration.
#EconSky #AI #TCA #MCA
#EconSky #AI #TCA #MCA
Philosophical Context of Multiple Capital Accounting
Contemporary Thought
johnnymfrazier.blogspot.com
October 28, 2026 at 3:19 PM
I have posted a new #blog journaling some thoughtwork on my way to what promises to be a fairly original, but intellectually derived from #Marshall and #Pigou, argument for a #UBI based on #MultipleCapitalAccounting, a form of #TrueCostAccounting. For your consideration.
#EconSky #AI #TCA #MCA
#EconSky #AI #TCA #MCA
I just posted a new #blog journaling some thoughtwork on my way to what promises to be a fairly original, but intellectually derived from #Marshall and #Pigou, argument for a #UBI based on #MultipleCapitalAccounting, a form of #TrueCostAccounting. For your consideration.
#EconSky #AI #TCA #MCA
#EconSky #AI #TCA #MCA
Philosophical Context of Multiple Capital Accounting
Contemporary Thought
johnnymfrazier.blogspot.com
October 28, 2026 at 8:57 AM
I just posted a new #blog journaling some thoughtwork on my way to what promises to be a fairly original, but intellectually derived from #Marshall and #Pigou, argument for a #UBI based on #MultipleCapitalAccounting, a form of #TrueCostAccounting. For your consideration.
#EconSky #AI #TCA #MCA
#EconSky #AI #TCA #MCA
pigou stays winning
Think my views on a lot can come down to "Price in the externalities" and "Give people money if they need it".
Charging for things is so so so so underrated
October 26, 2026 at 9:25 AM
pigou stays winning
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October 20, 2026 at 9:07 PM
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As an economist, why do I like gas taxes?
- Ramsey: demand for gas is relatively inelastic, so the tax is less distortionary than taxes on goods with relatively more elastic demand
-Pigou: gasoline use has externalities, so tax it to change behaviour in a way that accounts for those negative effects
- Ramsey: demand for gas is relatively inelastic, so the tax is less distortionary than taxes on goods with relatively more elastic demand
-Pigou: gasoline use has externalities, so tax it to change behaviour in a way that accounts for those negative effects
Up to $20 back in your pocket every time you fill up.
Our plan cuts up to 30 cents a litre off gas by suspending part of the gas tax and reining in big oil’s profits at the pump. It’s one of the ways we'll make life more affordable, and how we build B.C. strong.
Our plan cuts up to 30 cents a litre off gas by suspending part of the gas tax and reining in big oil’s profits at the pump. It’s one of the ways we'll make life more affordable, and how we build B.C. strong.
October 15, 2026 at 11:21 PM
As an economist, why do I like gas taxes?
- Ramsey: demand for gas is relatively inelastic, so the tax is less distortionary than taxes on goods with relatively more elastic demand
-Pigou: gasoline use has externalities, so tax it to change behaviour in a way that accounts for those negative effects
- Ramsey: demand for gas is relatively inelastic, so the tax is less distortionary than taxes on goods with relatively more elastic demand
-Pigou: gasoline use has externalities, so tax it to change behaviour in a way that accounts for those negative effects
Maybe when JD visits Europe again he can, in advance, read some books on economics 😉, before he starts lecturing us.
Smith, Mill, Marx, Pigou, Marshall and Keynes of course. Ok, Hayek is also a possibility🙂.
#Vance
#Economics
#Socialism
Smith, Mill, Marx, Pigou, Marshall and Keynes of course. Ok, Hayek is also a possibility🙂.
#Vance
#Economics
#Socialism
October 11, 2026 at 8:44 PM
Maybe when JD visits Europe again he can, in advance, read some books on economics 😉, before he starts lecturing us.
Smith, Mill, Marx, Pigou, Marshall and Keynes of course. Ok, Hayek is also a possibility🙂.
#Vance
#Economics
#Socialism
Smith, Mill, Marx, Pigou, Marshall and Keynes of course. Ok, Hayek is also a possibility🙂.
#Vance
#Economics
#Socialism
If I still had the attention span necessary to read long-form writing, something on my reading table might be: more Arthur Cecil Pigou
September 29, 2026 at 2:36 PM
If I still had the attention span necessary to read long-form writing, something on my reading table might be: more Arthur Cecil Pigou
Fix economics (resources, including waste absorption, are limited)
Arthur Pigou solved this problem in 1920!
Arthur Pigou solved this problem in 1920!
September 21, 2026 at 1:02 PM
Fix economics (resources, including waste absorption, are limited)
Arthur Pigou solved this problem in 1920!
Arthur Pigou solved this problem in 1920!
Cities Skylines: you may not like it but this is what peak performance looks like
September 19, 2026 at 10:56 AM
Cities Skylines: you may not like it but this is what peak performance looks like
On Sep. 23 (Wednesday), Luís C. Calderón Gómez (Cardozo Law) and Mitchell Kane (NYU Law) will present “Pigou Goes Abroad”.
The Mizzou Law Tax Policy Colloquium is convened by Professor David Gamage of Mizzou Law. 1/
The Mizzou Law Tax Policy Colloquium is convened by Professor David Gamage of Mizzou Law. 1/
September 18, 2026 at 12:03 AM
On Sep. 23 (Wednesday), Luís C. Calderón Gómez (Cardozo Law) and Mitchell Kane (NYU Law) will present “Pigou Goes Abroad”.
The Mizzou Law Tax Policy Colloquium is convened by Professor David Gamage of Mizzou Law. 1/
The Mizzou Law Tax Policy Colloquium is convened by Professor David Gamage of Mizzou Law. 1/
The proceeds going to the oil producers isn't exactly what Arthur Pigou imagined, but hey let's not get too picky here.
I want to thank Based Green Donald for imposing the world's stupidest carbon tax.
US diesel now fetching more than $200 per barrel.
Highest print of the Hormuz crisis thus far, only two days closed at the height of the April 2022 crisis closed higher.
Highest print of the Hormuz crisis thus far, only two days closed at the height of the April 2022 crisis closed higher.
September 9, 2026 at 4:05 PM
The proceeds going to the oil producers isn't exactly what Arthur Pigou imagined, but hey let's not get too picky here.
There is a miscomputation of responsibility under capitalism.
Many liberal thinkers like Alexis de Tocqueville, Robert Dahl, John Stuart Mill, and Arthur Cecil Pigou held similar views to economic democracy.
Here is more detailed walk through of the argument:
Many liberal thinkers like Alexis de Tocqueville, Robert Dahl, John Stuart Mill, and Arthur Cecil Pigou held similar views to economic democracy.
Here is more detailed walk through of the argument:
Labor and Inalienable Rights
Towards a better understanding of the economy we live in
davidellerman.substack.com
September 10, 2026 at 12:18 AM
There is a miscomputation of responsibility under capitalism.
Many liberal thinkers like Alexis de Tocqueville, Robert Dahl, John Stuart Mill, and Arthur Cecil Pigou held similar views to economic democracy.
Here is more detailed walk through of the argument:
Many liberal thinkers like Alexis de Tocqueville, Robert Dahl, John Stuart Mill, and Arthur Cecil Pigou held similar views to economic democracy.
Here is more detailed walk through of the argument:
End-times capitalism kills Pigou.
The polluter profits.
The polluted pay with their lives.
The polluter profits.
The polluted pay with their lives.
Yesterday, a federal judge axed New York State’s climate superfund act, a landmark law that would have charged fossil fuel companies $75 billion over 25 years for climate damages.
My latest for @motherjones.com:
www.motherjones.com/environment/...
My latest for @motherjones.com:
www.motherjones.com/environment/...
A federal judge just killed New York's $75 billion climate bill for polluters
Fossil fuel companies would have been charged for climate damages.
www.motherjones.com
September 1, 2026 at 3:54 PM
End-times capitalism kills Pigou.
The polluter profits.
The polluted pay with their lives.
The polluter profits.
The polluted pay with their lives.
Just to take an historical example Alfred Marshall was a protégé of Henry Sidgwick, and Arthur Cecil Pigou was Marshall's protégé.
There *is* a certain patron/client flavor to the tie, and there are academic contexts where strong personal investments are inappropriate.
There *is* a certain patron/client flavor to the tie, and there are academic contexts where strong personal investments are inappropriate.
August 28, 2026 at 5:25 PM
Just to take an historical example Alfred Marshall was a protégé of Henry Sidgwick, and Arthur Cecil Pigou was Marshall's protégé.
There *is* a certain patron/client flavor to the tie, and there are academic contexts where strong personal investments are inappropriate.
There *is* a certain patron/client flavor to the tie, and there are academic contexts where strong personal investments are inappropriate.
I spoke with CBC Daybreak North yesterday about Berg Glacier melting back from Berg Lake, and Brian Cooles sent me a photo taken in 1955 by Elfrida Pigou! My 2026 photo for comparison.
www.cbc.ca/news/canada/...
www.cbc.ca/news/canada/...
August 27, 2026 at 5:29 PM
I spoke with CBC Daybreak North yesterday about Berg Glacier melting back from Berg Lake, and Brian Cooles sent me a photo taken in 1955 by Elfrida Pigou! My 2026 photo for comparison.
www.cbc.ca/news/canada/...
www.cbc.ca/news/canada/...
For more photographs: wouterleenders.eu/pigou/
Wouter Leenders
wouterleenders.eu
April 16, 2026 at 4:09 PM
For more photographs: wouterleenders.eu/pigou/
Reading Ian Kumekawa's intellectual biography of Arthur Cecil Pigou, I was struck by how few high-quality photographs of him are available online.
I contacted several archives and it turns out there are plenty! Pigou as head boy, during WW1, as professor, climbing the Mont Blanc, and more!
I contacted several archives and it turns out there are plenty! Pigou as head boy, during WW1, as professor, climbing the Mont Blanc, and more!
April 16, 2026 at 4:08 PM
Reading Ian Kumekawa's intellectual biography of Arthur Cecil Pigou, I was struck by how few high-quality photographs of him are available online.
I contacted several archives and it turns out there are plenty! Pigou as head boy, during WW1, as professor, climbing the Mont Blanc, and more!
I contacted several archives and it turns out there are plenty! Pigou as head boy, during WW1, as professor, climbing the Mont Blanc, and more!