The Radford Free Press – Page 150 – All life is problem solving.

Quote of the Week #4

February 4, 2014

I came across this whilst reading Sharon McGrayne’s history of Bayesian theory, its a quote attributed to the statistician Jerome Cornfield: “A point is reached … when a continuously modified hypothesis becomes difficult to entertain seriously.” How apt. For much of economics. Looking back over the history of the development of economic theory, more precisely […]

Commentary, Economics / inequality, plutocracy /

Opportunity Class

January 31, 2014

America is in such a funk nowadays that sometimes it can get exasperating. The disconnect between what average people believe and hope for, and what seems to dominate our political class is gaping wide open. To me the cause for this disconnect is obvious, and our rampant inequality sits squarely at the heart of the […]

Economics / economic policy, elections, government spending, growth, inequality, Obama, Republicans /

Distribution and All That

January 23, 2014

Rumor has it that Obama’s next State of The Union address will focus heavily on inequality which has become quite a vogue issue in some Washington DC circles. I doubt anything will come of his speech, these obligatory speeches get swamped by politics the moment they end, but it will be interesting to hear what […]

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