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    Economics / Brad DeLong, Dan Davies, economic theory, Janeway, Mesoeconomics /

    On Janeway’s Mesoeconomics

    July 8, 2024

    PART ONE Oh my.  Apparently Brad DeLong and I have the same problem.  He, of course, is part of the elite club.  I am decidedly not.  So it is quite a shock to share something. What? He set out to write an 800 word review of Dan Davies’ new book and ended up about 5,000 […]

    Economics / Alfred Marshall, business firms, economic theory, evolutionary economics, factors of production /

    Lost Opportunities?

    May 13, 2024

    A pile of bricks is not a house.  A group of individuals is not an economy. A lot has to happen between the one and the other.  Which is why writing theories about economies as if it were simply an accumulation of individuals and their associated capital base misses the mark.  Nor is it simply […]

    Economics / capitalism, democracy, economic freedom, economic theory, neoliberalism, power, Stiglitz /

    A Stiglitz Error?

    May 9, 2024

    You can’t fight a war without understanding your enemy.  That’s an adage as old as war itself.  Which means it’s very old. Joe Stiglitz doesn’t understand his enemy. Now, that’s an odd thing to say bout someone who’s worldview is hardly a secret.  Stiglitz has given it his best shot for decades.  He’s one of […]

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