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Marginal REVOLUTION - Small Steps Toward A Much Better World
marginalrevolution.com
The importance of thinking on the margin did not become commonplace in economics until 1871, when marginal thinking was simultaneously described by three economists: William Stanley Jevons, Carl Menger, and Leon Walras. Economists refer to the “marginal revolution” to explain this transformation in economic thought.
Alex Taborrok • Modern Principles of Economics
Radical Markets: Uprooting Capitalism and Democracy for a Just Society
amazon.com
Historian Peter Turchin illuminates this possibility with his theory of “elite overproduction.” When societies generate more elite aspirants than there are roles to fill, competition for status intensifies. Ambitious but frustrated people grow disillusioned and radicalized. Rather than integrate into institutions, they seek to undermine them.... See more
In traditional journalism, there are strong incentives to act maliciously. Journalists are incentivized to optimize for views and clicks. The answer is not to reform the industry. We can change media through radical decentralization. Everyone becomes a journalist. Each person writes about their local issues or areas of expertise