25 April 2014

Haiku of the Day

How now, socialists? / We all know Utopia / is “no place” to be.

Quote of the day

No social order ever disappears before all the productive forces, for which there is room in it, have been
developed; and new higher relations of production never appear before the material conditions of their existence have matured in the womb of the old society. Therefore, mankind always takes up only such
problems as it can solve; since, looking at the matter more closely, we will always find that the problem
itself arises only when the material conditions necessary for its solution already exist or are at least in the process of formation…The bourgeois relations of production are the last antagonistic form of the social
process of production…This social formation constitutes, therefore, the closing chapter of the prehistoric
stage of human society.” -Karl Marx, A Contribution to the Critique of Political Economy, 1859

Links of the Day

Everybody is talking about Piketty, even David Brooks at the New York Times

Simon Wren-Lewis defends mainstream economics against calls for plurality in education

Discussion of Piketty over at Brad Delong’s blog, with a large quote from The Slackwire

David Ruccio on Poverty in Appalachia (and how it is reported)

The Political Economy of Game of Thrones, from the Marginal Revolution blog

The Onion reports that counter-top Chicken Rotisserie is now the final frontier of American innovation


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