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    Economics / Bernanke, debt ceiling, Federal Reserve Board, fiscal cliff, Obama, Republicans, Summers /

    Upcoming Struggles

    September 4, 2013

    My Obama watch antenna are unusually sensitive right now. We are headed into another round of semi-gridlock politically inept infighting down in Washington. As usual we the people will be, by and large, bystanders, while our erstwhile leadership goes through another round of bruising she-said he-said so-called dialog and policy making. There are two issues […]

    Economics / business firms, economic theory, theory of the firm /

    The Firm – A Note To Myself, Part One

    August 30, 2013

    I am thinking through my views on the business firm as an economic entity. My notes so far [no particular order]: The modern business firm is a reaction to, and exist because of, uncertainty. Other rationales are subsidiary to this. For instance New Institutional Economics [NIE] explains firms in the tradition of Ronald Coase and […]

    Economics / economic policy, economic theory, Obama, plutocracy, Reagan, wages /

    Five Years and Counting Stuck

    August 26, 2013

    Depending on when you think the crisis started its fifth anniversary is either here now or about to be upon us. This is not the same, by the way, as fixing a date for the problem[s] that caused the crisis: they go way back, variously, to the election of Reagan and the victory of orthodox […]

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