The Radford Free Press – Page 182 – All life is problem solving.

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 […]

Economics / austerity, economic policy, fiscal cliff, GDP, government spending, growth, Obama, Republicans, Simpson-Bowles /

The Debt Non-Problem

June 6, 2013

You may have missed it but we are fast approaching yet another deficit/debt ceiling showdown. The real fight will be this fall, but the early posturing is beginning. As usual all the serious people in the media and elsewhere will be chiding the White House for its apparent lack of leadership, where ‘leadership’ means giving […]