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    Economics / economic theory, growth theory, Solow, Vollrath /

    Dark Matter

    January 11, 2024

    The mysteries of growth elude us. That’s the best conclusion to draw from reading Dietrich Vollrath’s book “Fully Grown”.  This is unfair to Vollrath whose thesis is simply that recent slower growth can be explained by taking a look at demographics.  Societies with a large elderly population as a percentage of their total are destined […]

    Commentary, Economics / capitalism, economic theory, Friedman, Hayek, Lippmann, Mount Perelin Society, neoliberalism, plutocracy, powell memorandum /

    Pondering Neoliberalism … Again

    January 8, 2024

    Depending on what the current argument was, agents were either stupid or all-knowing.  If ever there was an indictment of modern economics as being entirely ideological rather than empirical, it is this unresolved paradox.

    Economics / Baumol, economic theory, GDP, growth, growth theory, plutocracy, secular stagnation, Vollrath /

    The Vollrath Debate

    December 11, 2023

    I am about to begin reading Dietrich Vollrath’s “Fully Grown — Why a Stagnant Economy Is a Sign of Success” Before I embark I thought I would collect a few of my own observations to provide a framework for thinking about his thesis. The big issues are those talked about by Baumol.  For some reason […]

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