The Radford Free Press – Page 133 – All life is problem solving.

Quotes of The Day #6: Adam Smith – Socialist?

February 18, 2014

No, not really, but almost. Here’s a couple of quotes – both from “The Wealth of Nations” – that would not sit well in contemporary right wing American politics: “Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing […]

Commentary, Economics / economic theory, plutocracy /

More Profit Bias

February 14, 2014

There’s quite a fuss surrounding those disincentives to work within Obamacare that the Congressional Budget Office mentioned last week. If you recall it was spun by right wingers as a loss of jobs, when, in fact, it was a reduction in the supply of labor because workers decided not to work. It was a good […]

Commentary, Economics / auto industry, business investment, manufacturing, Republicans, trade unions, wages /

Chattanooga!

February 14, 2014

Have you been following the Chattanooga story? In a nutshell here it is: Volkswagen has a big production plant there. VW was given the usual trade distorting incentives by Tennessee to set up shop locally. Up until now the VW plant has been non-union, but now a union drive looks like succeeding. VW’s management has […]

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