Tag Archives: foraging

That trading thing people do

Canadian economist Nick Rowe made a comment on a blog post on comparative advantage that bugged me: The way I teach it, all gains from trade come either from differences between people, like comparative advantage, or else from economies of scale. So I think gains from trade is not more basic than comparative advantage. Gains […]

A fight over money

Over the last twelve months or so, the blogosphere saw another round of a long-standing fight over money. Not over getting more money (though that is an element too), but its nature and history. A story about debt The aforementioned tussle has been provoked by the publication of David Graeber’s intriguing, but seriously flawed, book Debt: The […]

The taxman cometh (but only for what he can see)

There have been two great transformations in human affairs. One is the Neolithic Revolution, the transition from foraging to farming. This is a transformation which is still going on, as there are still some foraging groups around the planet (though it is a vanishing way of life). The second is the Industrial Revolution, the shift […]