January 4, 2019 – Capital As Power

Category: Featured/Publications

Fix, ‘The Aggregation Problem: Implications for Ecological and Biophysical Economics’

Posted On January 4, 2019September 18, 2021 By Blair Fix

Abstract This paper discusses the dimension problem in economic aggregation, as it relates to ecological and biophysical economics. The dimension problem consists of a simple dilemma: when we aggregate, the observer must choose the dimension of analysis. The dilemma is that this choice affects the resulting measurement. This means that aggregate measurements are dependent on […]

Category: Featured/Publications

Fix, ‘The Trouble With Human Capital Theory’

Posted On January 4, 2019September 17, 2021 By Blair Fix

Abstract Human capital theory is the dominant approach for understanding personal income distribution. According to this theory, individual income is the result of ‘human capital’. The idea is that human capital makes people more productive, which leads to higher income. But is this really the case? This paper takes a critical look at human capital […]