The distinguished economist talks about the power of entropy in shaping a new economic reality and viewing current events. His new book, Entropy Economics: The Living Basis of Value and Production, challenges flawed mainstream models that lead to distortions and bad policy.
Economics has a dirty secret.
Thomas Piketty and Michael Sandel explore how inequality isn’t just about wealth—it’s about dignity. They discuss how economic structures fail to value workers without elite credentials and propose solutions that go beyond redistribution.
Boston Globe
“But a first-of-its-kind Massachusetts law that Governor Maura Healey signed this month will rein in private equity greed in health care, offer hope that the state can avoid similar future crises, and serve as a model for other states to build on.
The new law effectively bans deals like the one Steward made with MPT, a real estate investment trust.
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Fred Block, Research Professor of Sociology at UC Davis, joins Rob Johnson to discuss his latest book, The Habitation Society, which explores the need to move beyond industrial-era economic models to create an economy that prioritizes community well-being. Block critiques how economic policies have fueled inequality and stagnation while offering solutions—such as restructuring public finance—to foster prosperity for all.
We need a new blueprint for stability.
New book reveals how and why hedge-fund activists have been able to suck the life from big-name companies like J.C. Penney and Samsung with their short-sighted profit-grabs. Can their harmful activities be stopped?
Automatic enrollment in retirement plans is a game-changer, but it also brings unexpected consequences.
If there is no universally accepted outside authority to tell us how to judge theories then knowledge is only going to progress by means of debate
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The power of mutual funds to influence economic and social choices through their voting behavior points to deeper ideologies driving institutional investors.
Fifty years ago the actions of the Federal Reserve mattered. Today, so far as the aggregate measures of the American domestic economy go, they do not.
Books discussed in this essay:
Sarah Binder and Mark Spindel, The Myth of Independence: How Congress Governs the Federal Reserve. Princeton: Princeton University Press, 2017.
