The Radford Free Press – Page 153 – All life is problem solving.

Economics / austerity, business investment, consumption, demand, economic policy, economic theory, government spending, growth, plutocracy, stagnation /

2014: Same as 2013?

January 2, 2014

Well, it looks that way. We seem to be stuck in something akin to the mud that engulfed my neighbors car a week or so ago. There’s lots of huffing and puffing, by those with a job at least, and not much coming out the other end. The experts call it stagnation. The rest of […]

Economics / Coase, economic theory, Hicks, Richardson /

Quote Of The Day #3

December 19, 2013

Ronald Coase asks the big question in his 1937 paper “The Nature of the Firm”: “Within a firm, … market transactions are eliminated and in place of … exchange transactions is substituted the entrepreneur-co-ordinator who directs production. It is clear that these are alternative methods of co-ordinating production, Yet, having regard to the fact that […]

Economics / economic theory, Keynes /

The Lucas Mystique

December 18, 2013

There is this thing in economics called the Lucas Critique. You see it pop up every so often and hear it referred to in revered tones. It is, apparently, very important and very, very, insightful. It has a lot to do with the state of economics today. Which, as you know, I think of as […]

«< 151 152 153 154 155 >»