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    Economics /

    Unequal Austerity and Its Economics

    November 6, 2013

    Inequality is much discussed nowadays. Pundits of all political stripes are weighing in on its causes and on its effects. As usual there is no agreement. So, also as usual, I suspect there will be no action. This is not a new problem, nor is it trivial. The steadily increasing privilege afforded capital – higher […]

    Economics / economic theory /

    Quote of the Day: 1

    November 4, 2013

    From Enrico Coen: “If we could somehow eliminate all discrepancies then all learning would come to a halt. … A perfect knowledge of the future would act like a mental anesthetic.” I wish economics would pay attention – or more attention – to people like Coen who explore real human capacities, and real human decision making. […]

    Economics /

    Right on Cue Ryan Goes Toxic

    October 30, 2013

    You have probably forgotten – I don’t blame you – that part of the truce signed at the end of the Great Government Close Down War was that a committee of grand folk would assemble to attempt the impossible. They were tasked with negotiating a budget settlement. The US hasn’t had a budget for years. […]

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