- Oct 2024
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www.youtube.com www.youtube.com
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Who were the Physiocrats?
for - definition - physiocrats - Steve Keen - economy - history - economic flow as biomimicry of body's circulation system
definition - physiocrat - During the 18th and 19th century, a group of mostly French "economists" led by Francois Quesnay, physician to the King of France at the time, performed some of the first autopsies of the time. - Autopsies were banned for the longest time for religious reasons - When Quesnay performed autopsies, he discovered networks of tubes in the circulation system and this led him to surmise a network of circulation in another field, economics - Quesnay advised the king, hence the name physiocrat - So modern economics has its roots in biology - it was a case of biomimicry!
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- Jan 2024
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www.amazon.com www.amazon.com
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https://www.amazon.com/Great-Transformation-Political-Economic-Origins/dp/080705643X
Polanyi, Karl. The Great Transformation: The Political and Economic Origins of Our Time. 2nd ed. Boston, MA: Beacon Press, 2001.
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- Sep 2023
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www.nytimes.com www.nytimes.com
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Adler's record of ineptness is pret ty good so far — but he surpasses it with his third Revolution. He dis likes both Marxists and Moscow, so how did the Russian Revolution be come one of the great sources or change in modern society? Because “with the Russian Revolution, we have, for the first time, the emer gence of the welfare state” — mild offspring sired from such ferocious parents. In the past, only right‐wing kooks thought F.D.R. derived his in spiration for W.P.A. from the Bol shies!
Reference to the "welfare state" in 1971 by Gary Wills.
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- Feb 2021
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www.thebalance.com www.thebalance.com
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21st Century Economics (USA)
Economic Theory of a Market Economy, Characteristics, Pros, and Cons
Americans and the World believe or want to believe that the United States is built upon a Market Economy.
Historical context validates a classic Market Economy theory as directed by our Founding Fathers and Constitution. We clearly do not have a pure Market Economy today (2021).
- To Big to Fail - (Bailouts)
- Farm Subsidies
- Political Influence (money, lobbying, tenure)
- Government Agencies
- Military/Industrial Complex
- Federal Reserve (Central Banking)
- Social Security
- Medicare
- Other
Most Americans lump (through education) the concept of economics and government together, into 3 basic categories; Capitalism, Socialism and Communism.
The U.S. is a Capitalist Nation with a corresponding market economy.
Is this statement Fact or Hypothesis ?
Can we still rely on textbook economic models in the 21st Century?
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- Nov 2018
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www.the-hospitalist.org www.the-hospitalist.org
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“This has all been an economic move,” she says. “People sort of forget that, I think. It was discovered by some of the HMOs on the West Coast, and it was really not the HMOs, it was the medical groups that were taking risks—economic risks for their group of patients—that figured out if they sent … primary-care people to the hospital and they assigned them on a rotation of a week at a time, that they can bring down the LOS in the hospital. “That meant more money in their own pockets because the medical group was taking the risk.” Once hospitalists set up practice in a hospital, C-suite administrators quickly saw them gaining patient share and began realizing that they could be partners. “They woke up one day, and just like that, they pay attention to how many cases the orthopedist does,” she says. “[They said], ‘Oh, Dr. Smith did 10 cases last week, he did 10 cases this week, then he did no cases or he did two cases. … They started to come to the hospitalists and say, ‘Look, you’re controlling X% of my patients a day. We’re having a length of stay problem; we’re having an early-discharge problem.’ Whatever it was, they were looking for partners to try to solve these issues.” And when hospitalists grew in number again as the model continued to take hold and blossom as an effective care-delivery method, hospitalists again were turned to as partners. “Once you get to that point, that you’re seeing enough patients and you’re enough of a movement,” Dr. Gorman says, “you get asked to be on the pharmacy committee and this committee, and chairman of the medical staff, and all those sort of things, and those evolve over time.”
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