The Radford Free Press – Page 177 – All life is problem solving.

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 […]

Economics / debt ceiling, fiscal cliff, health care, Obama, Republicans /

Defund Obamacare? Really??

August 20, 2013

In the absence of much of anything on the economic front we are left to amuse ourselves with the sight of the Republican party hacking away at itself over Obamacare. We all know that health care reform was a hated event for the right wingers. Even the ones who acknowledge the need for our decrepit […]

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