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    Economics / economic theory, plutocracy, Price-gouging /

    Break Up Economics — continued

    September 23, 2024

    What?  Surely not!  How dare he suggest such a thing. What, you are correct in asking, am I talking about? The recent speech by a Department of Justice official who dared suggest that it is getting quite difficult to find a truly neutral technocratic expert to give testimony in court.  Imagine the cheek.  How dare […]

    Economics / economic theory /

    Rizzo Goes For the Guild

    September 18, 2024

    Is it a cult? Is it a guild? Both perhaps? I remember reading sometime not long ago that Steve Levitt was leaving Chicago.  Two things stood out in the article bringing that news:  first, Levitt said he was concerned that economics was becoming irrelevant; second, someone had told him he was not doing ‘proper economics’. […]

    Commentary, Economics / capitalism, economic theory, plutocracy, price theory /

    The Dark Genius of Price Theory — A Rant

    September 18, 2024

    Prologue I need to cough this one out.  So many apologies in advance.   Yes, it’s a rant.  Yes, it’s repetitive.  And yes, it’s absurdly long.  But if we are to progress we need to puncture the armor of the cult — or is it simply a guild?   The Financial Times seems to think […]

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