The Beginning of the Industrial Revolution
The theme of the following four sections of the blog is that innovation, not price competition, is the basis for understanding economic growth, competition, and analysis.
Basic Concepts and Theory
Market Behavior and StructureMarket
Dynamics and Information: How Markets Work
Economic Theory and Markets
Corporate Strategies
There is beginning a historic change in future populations and their demographics. This will interact with other variables and have a serious, maybe profound, effect on future economic growth.
Demographics and Economics
China
Geopolitics and the Global Economy
American Economic History
Management
The world seems to be in the midst of radical political and social change. Where are we going? Can studying past periods and countries facing disrupting change help us navigate our times? Maybe.
History
American History
World War I: The Beginning of the 20th Century
The Roman Republic and America – Differences and Some Possible Parallels
Economic and Fiscal Policy
Financial Markets and Investment Strategies
Foreign Exchange Markets
The United States
American Foreign Policy and International Relations
Geopolitics and the Global Economy
Geopolitics of Oil and Natural Gas
Visionaries
Humor, Satire, WhimsyI Heard the News Today
Higher Education
THE BEGINNING OF THE THE INDUSTRIAL REVOLUTIONThese posts analyze the factors behind the start of the Industrial Revolution in England and America. Pre-conditions were important. They illustrate some of the reasons why, in the long run, America was able to continue industrializing better than England, and why England fell behind.
England in the 1600s: The Beginning of England’s Rise to Global Power and Wealth
The Beginning of the Industrial Revolution in EnglandAdam Smith’s Pin Factory
Josiah Wedgwood, the Wedgwood Pottery Company, and the Beginning of the Industrial Revolution
The Beginning of the Industrial Revolution in AmericaInnovate or Fall Behind. A Cautionary Tale – England and the Industrial Revolution
BASIC ECONOMIC CONCEPTS AND THEORY
Introduction to Economic Theory
Economic Development and Economic GrowthDemographics and Economic Growth
Modern Production Functions and Global Supply ChainsDemand Analysis
You, Your Brain and Credit Cards
Critique of Basic Economic Theory
The following post was contributed by Dennis Schuchman.
Artificial Intelligence (AI) and Real Intelligence (RI)
MARKET BEHAVIOR AND STRUCTURECompetition: Strategies and Structure
Imperfect Competition: Large Companies and Oligopoly
A Stylized Model of Innovation: The Dynamics of Capitalism
Corporate Growth Strategies
Examples of Bilateral Oligopoly
MARKET DYNAMICS AND INFORMATION: HOW MARKETS WORK
This group of posts emphasize the dynamics of economic growth and development, They highlight the role of information in the functioning of modern markets.
Introduction to Information and Economic Structure
How Markets Work: Transaction Costs and Market-Makers
Asymmetric Information and Market Prices
The Market for Companies: Acquisitions and Asymmetric Information
ECONOMIC THEORY AND MARKETS
A Stylized Model of Innovation: The Dynamics of Capitalism
Inconspicuous Consumption in the Age of Affluence
CORPORATE STRATEGIES
Corporate Strategies: Basic Concepts and Management
Corporate Strategies: Mergers and Acquisitions
Corporate Strategies: Marketing and Price Discrimination
Corporate Strategies: Organizational Change in the Future
Corporate Growth Strategies
DEMOGRAPHICS AND POPULATION PROJECTIONS
These six posts present the latest long-run demographic and population projections, and the implications for economic growth and public policy. Read together, they provide a framework for the future geopolitical competition and tensions among different regions of the world.
Introduction to Demographics and Global Population Projections
Demographics, Immigration and Future Economic Growth of the United StatesDemographics and Population Projections of JapanGlobal Demographics and Population ProjectionsDemographics and Economic Growth
Nigeria: A Case Study
CHINAChina’s Development StrategyThe Strange Political Economics of the Chinese Auto IndustryChina’s Economy, Politics, and Demography
Robots. “It’s Alive”GEOPOLITICS AND THE GLOBAL ECONOMYEngland in the 1600s: The Beginning of England’s Rise to Global Power and WealthThe English East India Company: Trade with AsiaThe English East India Company: Model for Future Multinational Corporations?
AMERICAN ECONOMIC HISTORYThe Beginning of the Industrial Revolution in America
How America Industrialized and Became Wealthy
Introduction to the Stock Market Crash of 1929 and the Start of the Great Depression
The Stock Market Crash of 1929 and the Beginning of the Great Depression
Alice in Wonderland and the Origins of Silicon Valley
AMERICAN HISTORY
Why Study History? Lessons for Americans
American Colonial History, 1607-1775Revolution and the New Country: American History, 1775-1790A New Nation, America from 1789 to 1860
Berkeley in the 60s: A Personal Reminiscence
Alice in Wonderland and the Origins of Silicon Valley
Nonprofits in the American Economic SystemNonprofits II: Issues, Costs, and BenefitsReligion and American Politics: A Historical PerspectiveWhat Now? The Crisis of America’s Middle Class
MANAGEMENT
The 10 Minute MBA– Almost Everything You Need to Know to Manage Organizations, People, and YourselfManage Yourself
Alan Turing, Computers and Strategic Management
The Limits of Negotiation: A Little Applied Game TheoryWORLD WAR I – THE BEGINNING OF THE 20TH CENTURY
Bismarck and the Origins of World War I
The Beginning of the Twentieth Century: The Path to World War IWealth and Power in Pre-World War I Europe
The Austro-Hungarian Empire Before World War IEurope on the Brink of World War IWhy Germany Lost World War IThe Immediate and Long-Run Historical Consequences of World War IRelated studies by Professor Andrea Dragon.The Maxim Machine Gun and Smokeless Powder
New Jersey Artillery Explosives Production in World War I
KELP IS ON THE WAY: How American Kelp Helped Save the English Explosives Industry in World War I
THE ROMAN REPUBLIC AND AMERICA – DIFFERENCES AND SOME POSSIBLE PARALLELSThe Roman Republic Commits Suicide: A Cautionary Tale for AmericaThe Roman Republic and America
ECONOMIC AND FISCAL POLICYTrump’s Tariffs and Their ConsequencesGovernment Finance 101: Fiscal Policy. Welcome to Alice in Wonderland.
Government Finance 102: Monetary Policy. The Red Queen’s Race President Obama Tries to Save American Capitalism and America’s Global Influence
The Congressional Budget Office (CBO) Forecasts the Future
FINANCIAL MARKETS AND INVESTMENT STRATEGIES
The Economics of Financial Markets
Explaining Derivatives – An Analogy
FOREIGN EXCHANGE MARKETS
Foreign Exchange Markets I: Appreciating Dollar, Commodity Prices and the American Economy
Foreign Exchange Markets II: The Global Economy
THE UNITED STATES
The Prince in a DemocracyPresident Obama Learns Some Game Theory
Fear and Loathing in America
How to be Elected President
AMERICAN FOREIGN POLICY AND INTERNATIONAL RELATIONS
American Tariffs and the Economic War with ChinaPax Americana: America as a Global Power
Pax Americana: The World America Made
Breaking Away: Britain and the European Union
The Economy After the 2016 Election
Implementing Foreign Policy: President Obama Learned to Think Like an Economist
American Foreign Policy Since 1991
VISIONARIES
John von Neumann, Alan Turing, and Claude Shannon (creator of information theory) knew each other, knew of each other’s work, and discussed their ideas with each other.
John von Neumann Sees the Future
Alan Turing, Computers, and Strategic Management
Martin Luther King
HUMOR/SATIRE/WHIMSY
Trump’s World: A Little Bit of Gentle Satire
The Sayings of the Don, the Capo Maga of Washington Future News
Egg Smuggling: EGG-TRA, EGG-TRA READ ALL ABOUT IT!
Ribbit Wins a Ribbon
I HEARD THE NEWS TODAY
Tariffs and America’s Economic War with China
Tariffs, The American Auto Industry, and Tesla
HIGHER EDUCATION
The High Cost of Higher Education
Taking a College Course: What are You Buying?
Putting a Price on Professors
The Costs of Athletic Scholarships
How to Pay for College
How to Succeed in CollegeGLOBAL ECONOMICS AND POLITICS,2010-2020
This essay, published in 2018, discussed many the issues that are central to the current EU crisis.
Breaking Away: Britain and the European Union(2018)
Background on the current crisis.
Ukraine and Russia (2014)
Ukraine – Background, Outline, and Scenarios(2014)
The Crimea, Russia, and U.S. Options (2014)
The issues discussed in the following essay are still important today.
Arab Spring, Arab Autumn (2012)
Why and how China has avoided the mistakes Russia made after the fall of Communism in 1991.
Russia and China – Contrasts (2011)
Discusses the options the United States had, and still has, following the al Qaeda attack in 2001.
Superpower: The United States and Terrorism
(2010)GEOPOLITICS OF OIL AND NATURAL GASThe geopolitics of oil will continue to remain important until the switch to substitute renewable resources and EVs.
Energy and Geopolitics I: The United States(2015)
Energy and Geopolitics II: The World ex-United States(2015)Note on the Current Global Oil Market (2015)
Saudi Arabia, Oil and Geopolitics (2015)
The $100 a Barrel Solution (2012)
Surprisingly, some of the comments in the following essay may be somewhat relevant to the United States, more dependent on fracked oil and lagging in innovating substitutes that drive future economic growth and development.
The Oil Curse (2010)