Anthony J. Pennings, PhD

WRITINGS ON DIGITAL ECONOMICS, ENERGY STRATEGIES, AND GLOBAL COMMUNICATIONS

Will Offshore Wind Power Print Money?

The economics of offshore wind energy are very much like media economics – high upfront costs and low marginal costs. Wind power requires major capital influx to set up but once operational, the wind is free. Lubrication and other maintenance is needed at times but as long as the wind is blowing, electricity and thus money is being created.

Korea in a Post Covid-19 World, Part 3: The Green New Deal

I examine Korea’s concerns about its quality of life and some of its plans for addressing related economic and environmental issues. Despite impressive economic growth and infrastructure development, the country suffers from congested highways, industrial waste, and regular occurrences of high particle content in its air. Consequently, the Moon administration embraced a Green New Deal in mid-July 2020 to address these issues and pursue opportunities for green growth industries with export potential.

Korea in a Post Covid-19 World, Part 2: Merging Digital and Green New Deals

This post continues the discussion of the recent responses by Korea to the COVID-19 pandemic and its economic repercussions. It introduces the Digital New Deal and helps transition to the Green New Deal.

The Two Santa Claus Theory of Economic Growth and the Prospects of Modern Monetary Theory (MMT)

Intentional deficit spending is not strictly a Democratic agenda. Republicans pushed related ideas with the Two Santa Claus Theory: deficit spending and tax cuts for the rich. Written in March 1976, by Wall Street Journal editorial writer, Jude Wanniski stressed that for economy to be healthy, US politics should have a division of labor between Democrats and Republicans.

Korea in a Post-Covid-19 World, Part 1: The Korean New Deal

The New Deal term has circulated extensively in the wake of the concerns about climate change and more recently in thinking about a COVID-19 epidemic.

US INTERNET POLICY, PART 2: THE SHIFT TO BROADBAND

This post is second in a series that I am producing during the COVID-19 pandemic about the importance of telecommunications policy in ensuring the widespread availability of affordable high-speed Internet access. Teaching online and working from home have gone from fringe activities to be central components of life. As we move to a Smart New […]

“It’s the Infrastructure, Stupid”

Now we have to confront and analyze the implications of a post-petroleum age. Exploring the New Deal gives us a better perspective on the size of that task, how deep and sometimes intrusive the process will be. The New Deal was a monumental, multi-decade endeavor that made American great and will not be easily matched.

FROM NEW DEAL TO GREEN NEW DEAL, Part 2: The Failure of the National Industrial Recovery Act of 1933

This is the second of an ongoing series about how the New Deal restructured the American political economy and what lessons it has for transiting to a Green New Deal. The first one dealt with the New Deal emerging from the wake of the Great Depression and the immediate policy responses by the Roosevelt administration […]

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  • About Me

    Professor at State University of New York (SUNY) Korea since 2016. Moved to Austin, Texas in August 2012 to join the Digital Media Management program at St. Edwards University. Spent the previous decade on the faculty at New York University teaching and researching information systems, digital economics, and strategic communications.

    You can reach me at:

    apennings70@gmail.com
    anthony.pennings@sunykorea.ac.kr

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    The opinions expressed here do not necessarily reflect the views of my employers, past or present.