The Radford Free Press – Page 102 – All life is problem solving.

Economics, Politics / capitalism, democracy, Karl Polanyi, plutocracy /

Why Trump?

March 10, 2016

I have become so enmeshed in political activity here that I rarely have time to reflect on the strangeness of it all. Why Trump? Why now? But I was prompted to think a little harder about it when I re-read the following in Karl Polanyi’s “The Great Transformation”: “Market society was born in England – yet it […]

Economics, Politics / capitalism, democracy, Hillary Clinton, plutocracy, Trump /

Trumped?

March 2, 2016

My head hurts this morning. I don’t know why I would be so disoriented by Trump’s continued rise to power, it was, after all very predictable once he entered the race, but it still hurts. And, yes, it was predictable. The Republican party has steadily vanished into a haze of obstreperous religious business driven drivel […]

Economics / Adam Smith, Arrow-Debreu, economic theory, General equilibrium, health care /

What Would Smith Say?

February 24, 2016

Sometimes I pity poor Adam Smith. I really do. He’s an accidental icon of all that’s wrong in economics. And let’s face it that’s a lot of wrong to be an icon of. How many times have we all been reminded that his metaphorical reference to an invisible hand performing some wild and strange magic […]

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