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

Economics / economic theory, Mankiw, marginalism, microeconomics, wages /

Wages. Just For Fun.

December 1, 2023

This is just for fun. It’s nearly the holiday season after all. Let’s tell a story: a friend of ours here in southern Vermont was looking for a job. She saw an advertisement posted by a local business. Or, perhaps, she heard something about a job from a friend. In any case she applied and […]

Economics / capitalism, democracy, economic theory, neoliberalism, plutocracy /

The Great Re-Boot. Perhaps.

November 29, 2023

I keep coming upon ideas that seem to make such sense that, surely, they have been imported into economics. But, no, hubris prevents an expansion of the discipline to include such novelty. The threat they represent to the entire mainstream edifice is too much of a threat. The guild closes ranks. The guild closes its […]

Economics / capitalism, democracy, economic theory, inequality, Milanovic, plutocracy /

Milanovic Gets Feisty

November 14, 2023

How can you construct a theory of economic activity that excludes the power embedded in relationships between the various actors on the stage you are directing? More to the point why would you? To ignore power is to ignore reality. I think, perhaps we need to reverse those two questions. You see, power matters even […]

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