A woman in Coldwater, Michigan works 60 hours a week for $8.50 per hour ($510/week). Minimum wage is increased to $15 per hour. The same woman now works 34 hours a week for $15 per hour ($510/week). Answer: Nothing. That 26 hours per week goes into childcare and housework and, yes, leisure. But GDP doesn’tContinue reading “Real Real GDP”
Tag Archives: Economics
Cryptocountries
This post builds on Balaji Srinivasan’s How to Start a New Country essay. Whether they’re called crypto cities, network states, or something else, these virtual nations will form and live natively online. Winning cryptocountries will incorporate the best aspects of physical countries, and many will form hybrids that include both physical and digital homelands. CryptocountriesContinue reading “Cryptocountries”
Thanedar’s Game
Think: Axelrod’s Tournament meets Model UN. Problem: Real-world political and economic experiments take decades to demonstrate their ultimate successes and failures and can lead to significant hardship and loss of life. Design and implement political and economic systems for your Cryptocountry to compete for Citizens and Wealth. Featuring Protocols and Gameplay that make it easyContinue reading “Thanedar’s Game”