The Radford Free Press – Page 146 – All life is problem solving.

Economics / austerity, economic policy, Federal deficit, government spending, Republicans /

Federal Deficit

February 27, 2014

What will the Republican party do now? In case you missed it, we learned today that the Federal deficit has now shrunk back to $680 billion, the level it was in 2008. That means it dropped over $400 billion, or about 37%, in 2013 alone. This is the most aggressive budget correction in US history, […]

Economics / economic policy, economic theory, inequality /

Inequality

February 27, 2014

I am preparing a talk on inequality here in America, and so have been re-reading the Piketty and Saez work. Amongst the more eye-opening facts I have come across is the assertion, by Saez, that the surge in the top 1% incomes is so large that the growth of the bottom 99% amounts to only […]

Commentary, Economics / economic theory, ethics /

Is Medicine a Model For Ethics In Economics?

February 21, 2014

A recent correspondent asks whether medicine could act as a template for the importation of ethical standards into economics. On balance I don’t think it can. Here’s why: Medicine consists of a practical part that faces outward towards its customers. We call those customers patients. From the earliest times medicine has adopted the credo ‘first […]

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