tag:blogger.com,1999:blog-2277215496195926573.post5274298392659129075..comments2024-01-01T07:41:51.347-08:00Comments on RALPHONOMICS: Pedro Da Costa thinks Minsky thought up the “Government as employer of last resort” idea.Ralph Musgravehttp://www.blogger.com/profile/09443857766263185665noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2277215496195926573.post-51251735086266582592016-09-02T00:27:01.046-07:002016-09-02T00:27:01.046-07:00King Kong,
Your 500,000 years puts my 2,500 years...King Kong,<br /><br />Your 500,000 years puts my 2,500 years to shame!! I agree that ELR has the advantage over income guarantee of offering some recopricity. Personally I can't why we can't have BOTH, but obviously with a higher rate of pay of doing ELR work than for doing nothing.<br /><br />Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-84433520557879858362016-09-01T02:34:33.326-07:002016-09-01T02:34:33.326-07:00Corrected links below
Ralph,
Proposals for JG wer...Corrected links below<br />Ralph, <br />Proposals for JG were not merely "floated" by Minsky, Pericles and numerous others during the last 2,500 years. Similar ideas evolved during the last 500,000 years and are now are innate within most humans.<br /><br />The work of some evolutionary psychologists suggests that an instinct for "strong reciprocity" between members of human social groups evolved by the process of "group selection". <br />Strong reciprocity is a propensity to cooperate with others on a shared social task, even at personal cost, and a willingness to punish those who violate cooperative norms, even when punishing is personally costly.<br />Tribes with a high proportion of cooperative members tended to be the most successful at surviving wars, predators, resource constraints, climate changes and natural disasters. Groups whose members were less willing to co-operate tended to be become extinct.<br /><br />Strong reciprocity instincts lead to social security and welfare schemes if the recipients are regarded as ‘deserving’. But egalitarian policies that reward people independent of whether and how much they contribute to society tend to be considered unfair/contrary to cooperative norms.<br /><br />This analysis helps to explain why in many modern societies JG/ELR/workfare schemes may be socially acceptable whereas mere income guarantee schemes are often seen as unfair to those who work/contribute to society. <br /><br />A good intro is: <br />https://newrepublic.com/article/103896/cooperative-species-human-reciprocity-bowles-gintis<br />The book by Bowles and Gintis can be downloaded for free from:<br />http://library.uniteddiversity.coop/Money_and_Economics/Cooperatives/A_Cooperative_Species-Human_Reciprocity_and_Its_Evolution.pdf<br /><br />KongKinghttps://www.blogger.com/profile/10992633301481631373noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-47622073654342812702016-08-30T04:18:16.675-07:002016-08-30T04:18:16.675-07:00Ralph's quote is from North's translation ...Ralph's quote is from North's translation of Plutarch’s book “The Lives of the Noble [not Nobel !!] Grecians and Romans":<br />page 560 of an epub version (best read using Sumatra)<br />http://book4you.org/book/1713660/d39cd6<br /><br />page 209 of a pdf version (less reader friendly)<br />http://book4you.org/book/2530756/bb1778<br /><br />A different translation is on page 39 of<br />http://penelope.uchicago.edu/Thayer/E/Roman/Texts/Plutarch/Lives/Pericles*.html<br /><br />KongKinghttps://www.blogger.com/profile/10992633301481631373noreply@blogger.com