Category Archives: Economics

Decoding UCLA’s Economics Department

I took two Micro-Economics classes at UCLA in 1988-89 from Russell Roberts and one class in European economic history from Earlene Craver, the wife of Axel Leijonhufvud (he substituted for her once, and wow!). To understand this department, you have … Continue reading

Posted in Economics, UCLA | Comments Off on Decoding UCLA’s Economics Department

Decoding Journal of Political Economy (JPE)

Gemini says: Alliance Theory suggests that humans do not possess a stable moral compass but rather a strategic one. We use moral arguments to recruit allies and marginalize rivals. The Journal of Political Economy functions as a high status coordination … Continue reading

Posted in Economics, University of Chicago | Comments Off on Decoding Journal of Political Economy (JPE)

Decoding American Economic Review (AER)

Gemini says: Alliance Theory suggests that human conflict and status are not just about individual merit or material resources. Instead, they center on the coordination of multi-person coalitions. In this framework, the American Economic Review serves as the primary coordination … Continue reading

Posted in Economics | Comments Off on Decoding American Economic Review (AER)

Decoding The Quarterly Journal of Economics (QJE)

Gemini says: The Quarterly Journal of Economics functions as a signaling mechanism for institutional loyalty. David Pinsof’s Alliance Theory suggests that human intellect evolved not to find objective truth, but to navigate social coalitions. Under this lens, the QJE serves … Continue reading

Posted in Economics, Harvard | Comments Off on Decoding The Quarterly Journal of Economics (QJE)

The Prestige Economy vs The Pragmatic Economy

Gemini says: David Pinsof’s Alliance Theory suggests that systems maintain stability through “focal points” for coordination. The 20th-century focal point was the Credentialed Alliance—a network where status was gated by elite degrees, institutional pedigree, and moral conformity. Today, that system … Continue reading

Posted in California, Economics, Los Angeles | Comments Off on The Prestige Economy vs The Pragmatic Economy

Charisma Requires Managing Social Paradox

David Pinsof writes Feb. 2, 2026: Being charismatic means being good at social paradoxes. Think about a charismatic person—Elizabeth Holmes, Robert Downey Jr., Bob Dylan, whoever does it for you. What powers do they have? What can they do that … Continue reading

Posted in Alliance Theory, Charisma, Economics, Status | Comments Off on Charisma Requires Managing Social Paradox

Decoding The Free Trade Debate

ChatGPT says: Alliance Theory treats the free trade debate as a fight over elite coalition power, not GDP spreadsheets. Why elites are not just opposed but contemptuous. Trump tariffs are not merely a policy disagreement. They are a direct attack … Continue reading

Posted in Economics, Trade | Comments Off on Decoding The Free Trade Debate

The Anxious American Worker

Most American workers fear losing their job and not being able to find another one as good. Employers have the power right now and employees are clinging on to their jobs for dear life. In late 2025, 54% of U.S. … Continue reading

Posted in America, Economics | Comments Off on The Anxious American Worker

The Problem of Social Cost

Unlike many economists who publish hundreds of papers, Ronald Coase’s immense reputation rests almost entirely on just two articles published decades apart: “The Nature of the Firm” (1937) “The Problem of Social Cost” (1960) Coase is considered the father of … Continue reading

Posted in Economics | Comments Off on The Problem of Social Cost

The Paradox Of Power

As responsibility rises, personal discretion shrinks. The person at the top cannot simply improvise. They are pulled by legal risk, optics, continuity, budgets, morale, politics, and the need to keep the whole machine from wobbling. Their freedom becomes the freedom … Continue reading

Posted in Economics | Comments Off on The Paradox Of Power