It's starting to feel like the university is a nice complement to self-schooling.
If I understand correctly, he argues that market power is necessary to protect the organization that produces complex goods. But that does not reduce the overall level of uncertainty, only transfers it to someone else?
Or, requires that individuals behave according to the logic of that organization, not to their own? Rien n'est gratuit en ce bas monde. Tout s'expie, le bien comme le mal, se paie tot ou tard. Le bien c'est beaucoup plus cher, forcement. Celine
Any complex system exists in, and only due to, a meta-system that, to a greater or lesser degree, guides, confines, and controls it.
That is especially true for those of us who end up working in areas other than those for which we trained. And the percentage of such individuals increases with age. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
By «defined away axiomatically», are you referring to the models that assume no market power and similar cost structures? Rien n'est gratuit en ce bas monde. Tout s'expie, le bien comme le mal, se paie tot ou tard. Le bien c'est beaucoup plus cher, forcement. Celine
It is also discussed in A Survey of Global Political Economy 2007 by Kees van der Pijl, also available online in full text. It might be a less radio-active site, and has the advantage of being more recent.
I found Hobson to be very clear. In the summer of 1965 I was the graduate reader for a senior level course in 20th Century Britain and The "New Imperialism" was one of the assigned texts. The professor asked who in the class understood and could explain Hobson's thesis. Mine was the only hand to go up. I always waited to see if someone else could answer before raising my own hand, to be fair. But it was summer school, a lot of the class was just there to get what they hoped would be three easy credits and were business, or other liberal arts majors, not history majors. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
