The Radford Free Press – Page 24 – All life is problem solving.

Commentary, Economics / capitalism, Facebook, profits, shareholder value, wages /

Remote Working Pay Cut?

June 15, 2021

When a large corporation goes on the hunt for a lower cost base of operations I doubt whether it thinks it will be penalized for what is a rational and frequently made decision. After all if you can make the same revenue and reduce your costs your profit goes up. Yeah. Capitalism 101. If we […]

Economics / business school, capitalism, democracy, Eeckhout, inflation, market power, oligopoly, wages /

Power Shifts, or Not?

June 9, 2021

Power can flummox even the best economist. A typical explanation of events in an economy makes scant reference to the way in which power distorts the wondrous smooth motions that so obsess the discipline. It’s almost as if human relationships don’t exist in those wonderful models they are all so proud of. For the rest […]

Economics / Brynjolfsson, capitalism, democracy, Krugman, Robert Solow, technology /

Where Are We Going?

May 26, 2021

Paul Krugman has been rightly skeptical about cryptocurrencies lately. The extraordinary volatility in the price of Bitcoin, for example, has brought a bout of crypto mania to the fore in both the media and the marketplace. And, as seems usual, various regulators around the world are arriving at the party about a decade after the […]

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