The Radford Free Press – Page 178 – All life is problem solving.

Home Prices Rocket

June 25, 2013

There is very little news in the economy at present, hence my comparative quiet. Today, however, I have to make note of the Case-Shiller home price index results for April: prices rose at the fastest rate ever. Of course ‘ever’ in this case is only back as far as 2000 when the index was first […]

Economics / Deirdre McCloskey, economic theory, growth, human capital, knowledge, Michael Polanyi, Nancy Folbre, primary knowledge, secondary knowledge, Tyler Cowan /

Human Capital – The Knowledge Dimension

June 18, 2013

The very words have a bureaucratic ring to them. At least to me. Nancy Folbre has written an interesting article about the ending of the Golden Age of Human Capital, her main point being that there has been a major change in the landscape for higher education. The value of a college degree is not […]

Economics / austerity, economic theory, government spending, growth, Keynes, Obama, Republicans, Social Security /

Monday Blues

June 10, 2013

Meanwhile back in the economy … I read with some amusement that Standard and Poor’s, part of the axis of evil that brought us the crisis, has now announced that it sees a brighter future for US government debt. It thus re-affirms its AA+ rating for that debt and spoke of the strengthening economy and […]