Damian Penston

@dpenston.bsky.social

Currently working on a post-GDP rights-based framework for measuring public value. #MMT #ViabilityEconomics ORCiD: 0009-0003-8807-7335

@anthropic.com I require assistance as Fin is stuck in a loop. I paid for Claude last month, my invoice is marked "Paid", but my account has remained on the Free plan ever since. I can provide the invoice, account e-mail and my bank record. I've exhausted every other avenue to get this resolved.

(1/3) For the last 250 years, economists have tried to answer the question, "What is value?" Their answers have emphasised labour, utility, exchange, capabilities, public value, ecological systems, or institutions, but there's never been lasting agreement on any single theory.

I've just come across Takens' Theorem. Inferring the hidden viability structure of a system from its observable trajectory may be possible. This demystifies how I can tell when a person is bursting to go to the toilet while walking down the street (operating under rapidly tightening constraints).

Working with organisations that provide trauma-informed care got me wondering whether some of the same thinking could help us understand economics differently. That question led to this article in Sufficiency and Wellbeing. www.sufficiencywellbeing.com/p/why-modern...

Why modern economies keep people in survival mode

What if one of the biggest blind spots in economics is that it has no serious framework for understanding how chronic insecurity changes human behaviour?

sufficiencywellbeing.com

Is Europe facing an energy crisis, or paying the price for choosing to remain dependent on fossil fuels? After the invasion of Ukraine, governments didn't fix energy security. They replaced one set of fossil fuel suppliers with another, which isn't energy security but supplier rotation.

Tall, middle-aged man seeking collaborator for light applied econometrics. Interests include revenue stability, distributional outcomes, sectoral behaviour (vacancy, market power), and policy falsification. No drama - R or Python. Must be comfortable with regressions and bad-ass ideas. No romance.

I woke up with flu like symptoms and impaired cognition, constituting a negative health shock. In response, a minestrone scarcity constraint imposed the previous evening by the household provisioning authority was relaxed and the asset reclassified from dinner input to medical intervention.

4:36am - this is what's kept me awake so far: Which fiscal structures are inherently unstable? When does inequality become system breaking rather than redistributable? Which forms of economic power cannot be safely permitted? How much extraction can a system tolerate before legitimacy collapses?

My daughter's apple tart preferences have forced an exit from the crust sector: we shall liquidate low fruit capacity, ringfence the apple rich tranche, and deploy ice cream transfers to secure full utilisation of desired dessert real resources. A child-driven dessert sectoral balance adjustment.

(1/6) In quantum physics, radical pairs are particles whose behaviour is linked. Change one, and the other responds. The same is true in economics: every credit depends on a matching debt, and every surplus on a matching deficit. Nothing moves alone.

In electronics, reliability = mean time between failures (MTBF). For my post-GDP paper, I think I'll say legitimacy resilience = mean time between institutional failures (corruption, policy breakdowns, judicial breaches).

1/7 If you care about justice, or inclusion, or what it means to build a society that doesn't give up on people, please take a moment to watch the video below and learn more. You may find, as I did, that what An Saol Foundation doing is something rare and deeply worth supporting. #AnSaolFoundation

HSE warns of risk to nursing home exit plan for under-65s

The HSE has warned that efforts to move younger people with disabilities out of nursing homes are under threat, after funding for its relocation programme fell short of what was requested

rte.ie