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The Economy of Unknowing As an economist, I study and teach about money, markets, and the economy. Given that I have been on this professional journey for nearly half a century, something makes me feel that I should have it all pretty much figured out by now. But I don’t. In some ways, I know less now than I once did. Perhaps this is good. Perhaps some unknowing is just what we need to improve our understanding of what the economy is and how it should work.

On Money (November 2015)

Simplicity and Our Complex Economy Simplicity runs in opposition to modern life.  Thousands of people, and potentially hundreds of companies, are involved in the production, distribution, and sale of something as simple as a pencil or a cup of coffee – to say nothing of a pair of sneakers, a movie, or a car, or providing a service like a mutual fund or a night in a hotel room. 

On Production (May 2014)

Toward a Life-Centered Economy (review) Inspired – simply put, this is the feeling I’m left with after reading Toward a Life-Centered Economy. This volume is the twelfth “focus book” from The Quaker Institute for the Future, a spirit-lead research organization working to “envision a global future in which humanity is in right relationship with the commonwealth of life.” The book explores the mindset of unlimited growth, which drives our current global economic system, along with the impending repercussions of that mindset on our global ecosystem. Further, this book spells out the inability of our ecosystem to support our current intense patterns of human consumption, and it offers advice about what we can do to change humanity’s impact.

On Science (November 2022)

Building a Moral Economy from the Ground Up Whether entailing the use of money or other resources, economic transactions allow us the means of subsistence just as they tempt us to excess. It would do us well to remember that the etymological origins of the word “economy” are from the Greek meaning of “managing the household.” A moral economy would be one that manages the “household” of our planet to emphasize mutual care, community health, and a society of sufficiency and sustainability.

On Money (November 2015)