Economics

Center on Wealth & Poverty

superabundance

Superabundance

Generations of people have been taught that population growth makes resources scarcer. In 2021, for example, one widely publicized report argued that “The world’s rapidly growing population is consuming the planet’s natural resources at an alarming rate … the world currently needs 1.6 Earths to satisfy the demand for natural resources … [a figure that] could rise to 2 planets Read More ›

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Seattle's Unending Drug Crisis

Seattle’s Unending Drug Crisis

In this great American city, blessed with enormous wealth and natural beauty, a drug crisis is exploding on its streets. Along 3rd Avenue, against the backdrop of Pike Place Market in Seattle’s downtown core, the addicts smoke and inject all kinds of substances in plain sight. Read More ›
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Desperate lonely man seated against the wall in the city street
Photo licensed via Adobe Stock

Homeless Encampments and Mental Illness

Fifty-one years ago I bicycled from Boston to Oregon. I was a Marxist then and looking for evidence of the American empire falling apart, but during the whole ten weeks on the road I didn’t see the one tourist attraction that would have delighted my propagandistic self: homeless encampments. Now every city seems to have them. Read More ›
Community First Village

A Look at Community First! Village in Austin Pt. 2

I wrote last week about Community First! Village, located on relatively cheap land just east of Austin and getting national applause as the coolest homelessness project in what some call America’s coolest city. There’s plenty of hype in both characterizations, especially since many laudatory magazine articles focus on the tiny homes at CFV that draw admiring eyes, and not the dramas occurring within them. Read More ›
thanos

Are We Running Out?

Economics is the study of how human beings create value for one another. Value is a function of how intelligently we organize things like atoms, musical notes, words on a page, pictures on a screen, and bits in software. The quantity of things is important, but it’s the value of things that count. And value can change as fast as people can change their minds. Read More ›