The Radford Free Press – Page 176 – All life is problem solving.

Economics / austerity, economic policy, government spending /

Three Gripes

September 4, 2013

One: since when has Labor Day been a celebration of entrepreneurship? So poorly do our Republicans think of America’s workers that they cannot bring themselves any longer to make even cursory reference to labor on Labor day. Instead they refer to it as being a day when we come together to honor those who take […]

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 […]