The convergence of digital and distributed energy resource (DER) innovation is creating the potential for a more decentralized electricity distribution system, including local energy markets (LEMs) for local coordination of consumption and production. Using market processes to coordinate...

Digital technology platforms have transformed the modern economy, disrupting existing industries and creating new ones. In this paper I synthesize Austrian capital theory with general systems theory to analyze why these digital platforms have had such a large and relatively rapid impact. In...

The 1850s witnessed one of the earliest American history. During the decade the proportion of individuals receiving public assistance -- increased from 5.8 in 1850 to 10.2 in 1860, an increase of 76 percent. Previous attempts to explain the increase in antebellum pauperism have been hampered by...

Hayek's (1945) elaboration of the difficulty of aggregating diffuse private knowledge is the best-known articulation of the knowledge problem, and is an example of the difficulty of coordinating individual plans and choices in the ubiquitous and unavoidable presence of dispersed, private,...