determinism

Lee Smolin: Physics Envy and Economic Theory Lee Smolin: Physics Envy and Economic Theory

So I got pulled into economics in 2007 because of the 2008 economic crisis. Mike Brown who had been the first CFO of Microsoft, Chief Financial Officer of Microsoft and treasurer of Microsoft, he came to Toronto in 2007 and took my wife and I out to dinner and said he was trying to put…

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4. Karl Marx, Joseph Schumpeter, and an Economic System Incapable of Coming to Rest 4. Karl Marx, Joseph Schumpeter, and an Economic System Incapable of Coming to Rest

Prof: Okay, let’s go to work. Violating the syllabus, I’ve re-titled today’s discussion “From Marxist Historicism to Howard Head’s Tennis Racquet,” and let’s begin with Howard Head’s tennis racquet. Howard Head was an alum of Harvard College, a bright guy, and a not very good airframe engineer. He was a second-class designer of the details…

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