Author Archive

The centrality of externalities to economic thinking

Jul 31, 2016 Comments Off on The centrality of externalities to economic thinking
Brian Davey argues in Credo that what economists call “externalities” are not unusual or a special case, they are ubiquitous. They are rooted in private property and the relationships of market society. The way in which non market societies protect bio-diversity through totem arrangements is described.
Read more

The “regulation” of unconventional gas

Jul 22, 2016 Comments Off on The “regulation” of unconventional gas
This presentation by Brian Davey, made in July 2016 on behalf of Frack Free Notts, outlines the problems with the regulatory structure for unconventional gasfield development in the UK. It discusses the problem of “regulatory capture” by the industry, deceptive PR, the selective recognition of ‘experts’ and siloing of different aspects of safety (such as the environment and health).
Read more

Economics in Darwinist mode – the competitive struggle for existence

Jun 30, 2016 Comments Off on Economics in Darwinist mode – the competitive struggle for existence
Improved competitiveness is a major goal of virtually every nation and trading bloc in the world. Both sides in the Brexit debate claimed that Britain would become more competitive if they prevailed. But where does this glorification of competition come from? Does it reflect fundamentals of human nature, or does it stem from a quasi-religious dogma that goes largely unquestioned? Brian Davey explores the roots of the obsession with competitiveness, and its knock-on effects, in a chapter of his book Credo.
Read more

Jim Ratcliffe, Ineos and the empire of trash

Jun 11, 2016 3 Comments
Brian Davey explores the decision of Ineos, one of the world's largest chemical companies, to promote fracking. The Ineos majority shareholder, Jim Ratcliffe, claims fracking could regenerate northern Britain despite evidence that the strategy is "a mirage that would lead to a mountain of debt and a mountain of garbage".
Read more

Consumerism, Collective Psychopathology, Waste

May 29, 2016 Comments Off on Consumerism, Collective Psychopathology, Waste
This chapter of Credo by Brian Davey discusses conspicuous consumption and the consumer society, branding and the manufacture of wants. The role of advertisers is explored as well as the way that attention grabbing has become an economic sector that affects the quality of life radically and for the worse.
Read more

Unconventional gas field development and optimism bias: submission by Brian Davey to the UK Environment Agency

Mar 29, 2016 Comments Off on Unconventional gas field development and optimism bias: submission by Brian Davey to the UK Environment Agency
In this submission made in response to a drilling application by iGas, Brian Davey argues that the judgements made on behalf of IGas are flawed by what occupational psychologists and management theorists call “optimism bias”.
Read more

Shale Euphoria: The Boom and Bust of Sub Prime Oil and Natural Gas

Mar 23, 2016 Comments Off on Shale Euphoria: The Boom and Bust of Sub Prime Oil and Natural Gas
In this update to his book Credo, Brian Davey argues that the shale industry, whether extracting oil or gas, has never been financially sustainable. How could this be? It seems paradoxical and defies ordinary economic logic.
Read more

The psycho-dynamics of the financial market

Feb 19, 2016 Comments Off on The psycho-dynamics of the financial market
"When we look at the financial markets from an emotional and mental health angle, we don’t find optimal equilibrium states and rational people adapting to them. Instead, we come across a large number of unhappy, dysfunctional and disorientated people," writes Brian Davey in an excerpt from his book Credo.
Read more

Putting moral philosophy back into economics

Jan 22, 2016 2 Comments
"The first step to putting ethics back into economics is to take centuries of PR spin out of it and describe the world as it is, not the comfortable ideas that we would prefer to believe." This article by Brian Davey can be read to get a summary overview of many of the ethical themes in Credo.
Read more

All of the world’s money and markets in one visualization

Jan 22, 2016 Comments Off on All of the world’s money and markets in one visualization
Here's a visualisation of the world's markets and money system which we found very revealing. In the words of one very rich man, Warren Buffet, derivatives are "financial weapons of mass destruction".
Read more

Commoning

Dec 10, 2015 Comments Off on Commoning
In a second excerpt from his book Credo, Brian Davey explores the features of sustainable commons and the extent of commons today. He describes the practice of commoning as a possible response to the ecological crisis - a topic of much relevance to the current COP21 negotiations on climate.
Read more

Concepts for a fenced off world

Dec 10, 2015 Comments Off on Concepts for a fenced off world
"Private property in land means enclosure and exclusion. Economists typically assume that economic choices involve inevitable trade-offs. However, it is not true that alternatives must always be forgone. There is often a potential for sharing and mutual accommodation that is being ignored. Not all choices are rivalrous," writes Brian Davey in en excerpt from his book Credo.
Read more

The attention seeking economy, information and the manufacture of ignorance

Oct 30, 2015 Comments Off on The attention seeking economy, information and the manufacture of ignorance
In this chapter from his book Credo, Brain Davey describes how "much of what we take for granted is actually better understood as 'consensus trance'. To orientate to the world properly we need to have a proper feel for the huge amount of what we don’t know – and there are multiple categories of unknowing."
Read more