The Economy Is Not a Machine

How the drive for efficiency leads to greater wealth concentration and threatens capitalism. What can be done about it.

Topics covered include:

Why income growth has slowed for the middle classWhy the economy now follows a power-law distribution rather than a normal distribution, leading to skewed outcomesWhy the economy is a complex adaptive system rather than a machineHow the type of job you have and the company you work for affects your incomeWhy greater efficiency increases the risk of catastrophic collapses What are ways to balance efficiency with resiliency

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