May 2, 2023
SPOT ON! Simple to understand, but nearly impossible to implement. As Veblen maintained our institutions are often a barrier social evolution and the institutions of mainstream (neofeudal) economics are the greatest barrier of all.
Written by Greg Daneke, Emeritus Prof.
Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.