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47 contributions to Rebel Economist (Free)
Credit Crisis vs COVID
I have been working on my own book. It is not just about economics; it is a very comprehensive look at all the major systems of society in a way that, I hope, is accessible to a lot of people. Part of it is economics, though. At one point, I am discussing the differences between the recovery from the credit crisis and the recovery from COVID to illustrate that it is far better for the government to give money directly to citizens. I remember Keen talking about this and sharing a graph. It would be awesome if I could add that graph to my book, but I haven't been able to find it.
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Keynes vs MMT
I just watched this really good video about the difference between Keynes and MMT. This guy has a lot of good videos, btw! https://youtu.be/ZGFpBU37riM?si=wvBFmDyf42aIy-sp PS: I miss the classes. I have been missing because I'm back to school!
Money can never be anything other than state based.
In this short video Varoufakis concludes that “(A)ny attempt to privatise money is bound to end in tears and to empower an oligarchic circle.” https://x.com/yanisvaroufakis/status/1892126022901825915?s=46&t=eh5OcTtyn_6HfqBZAXHzmQ
0 likes • Feb '25
@Richard Corin how is that working out for everyone?
0 likes • Feb '25
@Richard Corin the problem with the democratic state is in the "state" part. States centralize power and can easily be captured. Cooperatives are like states except that they don't use force through a centralized power to impose their will. That makes cooperatives naturally more democratic than states. As for the problems we see with democracy today, all of those are due to the nature of our existing social structures, and they can only be resolved by designing better social structures. Structures that are cooperative in nature, rather than competitive. It is competition that ultimately gives rise to all these problems.
Can we use Real Capital and money in the same budget?
I think that is what actually happens. Check out my short video explanation. Play at fast speed, I talk slow! https://stephenhinton.org/2025/01/22/how-money-and-real-capital-work-together/
1 like • Jan '25
That's a lot like my own work! The main differences are that I include government under "social" and I label human as "individual". That's about it!
1 like • Jan '25
The hardest problem I see is in the maintenance of the built environment. We want to maximize recycling and restoration in order for the system to work long term. But there is a limit to how much we can recycle and how fast we can restore. Even if we replace our current system with a resilient ecological one, we will still struggle with these constraints.
Agent-Based Models vs Aggregate Models
I have recently read J Doyne Farmer's book "Making Sense of Chaos". He uses agent-based models in his descriptions of complexity economics. That seems to be a superior strategy to using aggregate models. For example, the bottom-up agent centered nature of an agent-based model might be superior from a design perspective because it can help account for how individuals interact with institutions, and what kinds of design decisions we need to make when designing institutions based on complex systems analysis. Are there any advantages to using aggregate models? Any drawbacks of agent-based models?
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Nelson Guedes
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@nelson-guedes-9753
Im an award-winning polymath philosopher. I have a BA in Philosophy with Business minor. My specialties are political, legal, and economic philosophy.

Active 1d ago
Joined Aug 10, 2023
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