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    Politics / capitalism, democracy, plutocracy /

    Prodding Krugman

    July 7, 2025

    Paul Krugman has been on a mission lately.  He has been writing extensively about inequality in America.  As we all know it’s an ugly picture, and as we would all expect Krugman has dug out endless statistics to demonstrate just how ugly. From my perspective inequality is the most salient economic fact that needs addressing: […]

    Economics / Coase, economic theory, Hicks, Jonathan Levy, Mankiw, Marshall, Robbins /

    Vapor Where? Vaporware!

    July 3, 2025

    Yes.  I know.  I can be flippant at times.  Economics is fun.  So why not? One of my favorite sayings over the years — I have repeated myself endlessly — is that economists do not study the economy.  Not at all.  They study economics.  Or, more accurately, they study the assemblage of bits and pieces […]

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

    The Strain is too much

    July 3, 2025

    Picking up where I left off … And, just for fun … We need more billionaires! No.  Really. That’s the message delivered by Michael Strain in this morning’s Financial Times.   After all, where would be without them? Strain is, as we all know, associated with the American Enterprise Institute, and is thus a wholly […]

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