The Radford Free Press – Page 119 – All life is problem solving.

Commentary, Economics / complexity, economic theory, information /

Some Issues

August 4, 2015

First: I have finally arrived at the point where I can give orthodox simple economics its due. It is a triumph. A system of thought well conceived, brilliantly executed, coherent, consistent, and pretty much complete. Bravo. I love it. As long as we are trying to examine economies consisting of one or two prescient households, a […]

Commentary, Economics / Euro, Germany, Greece /

I Agree

July 21, 2015

Yes. I agree. The negotiations concerning the Greek bail-out were absurd. They showed in vivid highlight just how foolish the entire Euro exercise is. Countries with economies as varied as those of Europe ought not bind themselves together without going the whole way into some sort of federal political and budgetary union. That would allow […]

Commentary, Politics / capital, Chateaubriand, democracy, labor, Piketty, plutocracy, unemployment, wages /

Memoirs from Beyond the Tomb

July 14, 2015

Right at the end of his book called “Memoirs from Beyond the Tomb” Chateaubriand gives us a remarkable insight into our current troubles. I wonder whether we will solve them or whether we will simply write an addendum to his book. He asks, for instance: “Is it possible for a political system to subsist, in […]

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