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    Economics / business firms, Coase, economic theory, operating space, theory of the firm /

    Operating Space – First Cut

    October 26, 2015

      It has become impossible, apparently, for anyone to do a sober analysis of the torrent of fads that collectively are known as the start-ups of Silicon Valley. Instead we are given a fast paced – it has to be fast paced nowadays for fear of being disrupted five minutes later – and inevitably glowing surface-skim […]

    Economics / Angus Deaton, Behavioral Economics, economic theory, Nobel Prize /

    I Don’t Care About the You-Know-What Prize

    October 14, 2015

    Every year around this time many of you get seriously vexed over the award of something the we know as the sort-of-Nobel prize in economics. And every year I get swept up in the hubbub. Not this year. I have decided to ignore the entire thing. Who cares? I don’t. Nor should you. Nor do I […]

    Commentary, Politics / democracy, democratic party, libertarian economics, plutocracy, Republicans /

    Republican Disarray?

    October 13, 2015

    I already mentioned today the current mess the Republicans find themselves in. What I didn’t highlight in that post was that the mess marks not the end, but, to borrow a phrase from Churchill, only the beginning of the end of the rightist radical movement. Part of the reason for the radical right’s astonishing success over […]

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