Practical Economics to Build a Flourishing World

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Nevin Lead Author on PwC's Economy Watch: Managing the Impact of Declining Oil Prices

Nevin Lead Author on PwC’s Economy Watch: Managing the Impact of Declining Oil Prices

Andrew recently co-authored PwC’s  Economy Watch document on Managing the Impact of Declining Oil Prices. Download the entire document here.   Although this is Andrew’s private blog, most “Press and Events” postings relate to his work with PwC, which is instrumental in developing his thinking for the blog.
The Flywheel Effect - or why Russia's big bang was a disaster

The Flywheel Effect – or why Russia’s big bang was a disaster

“ ‘Well, Dr Sacks,’ he said to me. ‘You find me an interesting case, I perceive. Can you tell me what you find wrong, make recommendations?’ ‘I can’t tell you what I find wrong,’ I replied, ‘but I’ll say what I find right…’ ” –  Oliver Sacks   How can we understand the brain, the most...
The Hurt Locker Effect - Purpose, Change, and Edge

The Hurt Locker Effect – Purpose, Change, and Edge

Did you know that the first Matrix was designed to be a perfect human world? Where none suffered, where everyone would be happy. It was a disaster. No one would accept the program. Entire crops were lost. Some believed we lacked the programming language to describe your perfect world. But I believe that, as a...
Our Malleable Preferences: Part 1

Our Malleable Preferences: Part 1

“When a man is tired of London, he is tired of life …” – Samuel Johnson I grew up in modest circumstances. When I was 10, having a piece of chocolate was a big thing. I imagined a future in which I would be able to afford as many chocolates as I wanted. Remarkably, that...
PWC Blog Post on Africa's Quantum Leap: Will you be there when it happens?

PWC Blog Post on Africa’s Quantum Leap: Will you be there when it happens?

Andrew recently published a blog post for PWC: Africa’s Quantum Leap: Will you be there when it happens? Posted August 22, 2014.   Photo: Public Domain License. Although this is Andrew’s private blog, most “Press and Events” postings relate to his work with PwC, which is instrumental in developing his thinking for the blog.
Flourishing: An Expansion

Flourishing: An Expansion

“He is happy who lives in accordance with complete virtue and is sufficiently equipped with external goods, not for some chance period but throughout a complete life.” –Aristotle, The Nicomachean Ethics So what is the economy for? How will we know if the economy is delivering what we want? As Principle 3 of Nevinomics states...
Create Vs. Capture: Hey Dude, Let’s Open a Hedge Fund – it’s just way too tedious to build a real business

Create Vs. Capture: Hey Dude, Let’s Open a Hedge Fund – it’s just way too tedious to build a real business

“When I was a graduate student at Harvard, I learned about showers and central heating. Ten years later, I learned about breakfast meetings. These are America’s three great contributions to civilization.” – Mervyn King A central point of Nevinomics is that our complex economic ecosystems (CEEs) – health, education, housing, finance –  are not necessarily...
Addressing Alternatives to Flourishing

Addressing Alternatives to Flourishing

To Flourish: to “grow or develop in a healthy or vigorous way, especially as the result of a particularly congenial environment.”  -The Oxford Dictionary Online “The greatest management principle in the world is: the things that get rewarded and appreciated get done.”  – Michael LeBoeuf Principle 3 of Nevinomics states that the rules we set...
When Feedback Fails 2: The Economic System

When Feedback Fails 2: The Economic System

A country that displays an almost ruthless commitment to efficiency and performance in every aspect of its economy, a country that switched to Japanese cars the moment they were more reliable, and to Chinese T-shirts the moment they were five cents cheaper, has loyally stuck with a health-care system that leaves its citizenry pulling out...
How Do We Manage Economic Decline?

How Do We Manage Economic Decline?

[T]he development of capitalist production makes it constantly necessary to keep increasing the amount of capital laid out in a given industrial undertaking, and competition makes the… laws of capitalist production to be felt by each individual capitalist as external coercive laws. It compels him to keep constantly extending his capital, in order to preserve...
System Deterioration: The Impact of Universal Austerity

System Deterioration: The Impact of Universal Austerity

So-called austerity, the stoic injunction, is the path towards universal destruction. It is the old, the fatal, competitive path. Pull in your belt is a slogan closely related to ‘gird up your loins,’ or the guns-butter metaphor. – Wyndham Lewis In the 2001 Planet of the Apes remake, the spacecraft that crash-landed thousands of years...
When Feedback Fails - The Individual

When Feedback Fails – The Individual

“One must be prepared to be enlightened about oneself…and be prepared to act upon this enlightenment” -Nevin Thesis, 135 It is illegal to race a denerved horse. In fact, a prominent English trainer – Howard Johnson – was banned for 4 years for doing this in 2011.1)See Chris Cook. “Howard Johnson quits after ban for...