The Radford Free Press – Page 101 – All life is problem solving.

Economics, Politics / capitalism, democracy, economic theory /

Mea Culpa: Storytelling Part Two

August 26, 2015

I have been accused of a few things. I appear to have upset some people. For this I apologize. I need to explain in order that we can all move on. Let me begin my stating my belief that economics, in all its multiple instantiations, is a vital discipline. It seeks to get at the heart […]

Economics, Politics / capitalism, democracy, Hayek, Keynes, libertarian economics, Milton Friedman, Oscar Lange /

Libertarian Economics

August 25, 2015

Economics is contextual. At its inception this context was the struggle for power as entrepreneurial and landowner citizens tried to wriggle free of the impress of ages old monarchical rule. As political freedoms steadily grew and different societies obtained an ability to critique their rulers and as they managed to change the institutional set up in which […]

Economics, Politics / capitalism, democracy, economic theory, plutocracy /

Plutocracy?

August 24, 2015

Seriously though. The 2012 Page, Bartels, and Seawright paper makes interesting reading. I came across it via the Krugman blog and recommend it to you all. The key is that this is a first small attempt to quantify the difference in perspective between the ‘wealthy’ and the ‘general public’. The paper is thus an important step along […]