The Radford Free Press – Page 151 – All life is problem solving.

Economics / austerity, consumption, demand, economic policy, economic theory, plutocracy, stagnation /

Stagnation: For Whom?

January 15, 2014

I read with interest Steve Keen’s latest tilt at Paul Krugman in the new edition of Real-World Economics Review. This has been an ongoing discussion, but we need not concern ourselves too much with it here. Keen’s general point is that the money created when banks lend has to be taken into account within any […]

Commentary / economic theory /

Alienation Nation

January 8, 2014

And another thing … It occurs to me that one reason the western world is awash with right wing populist politics at the moment is the total alienation of the average voter from the techno-bureaucracy that runs our economies. After all that technical mumbo-jumbo hasn’t done much to improve things, and has, arguably, made things […]

Economics / economic theory /

American Business Schools

January 8, 2014

Not to beat a dead horse, but … Following up on my snark concerning the obsession economists have with America, allow me to be equally skeptical about our business schools. It think it reasonable to ask what value they add. I mean in the aggregate. Think, for instance, about the flood of newly minted MBA’s […]

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