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    Economics / Alfred Marshall, business firms, economic theory, evolutionary economics, factors of production /

    Lost Opportunities?

    May 13, 2024

    A pile of bricks is not a house.  A group of individuals is not an economy. A lot has to happen between the one and the other.  Which is why writing theories about economies as if it were simply an accumulation of individuals and their associated capital base misses the mark.  Nor is it simply […]

    Economics / capitalism, democracy, economic freedom, economic theory, neoliberalism, power, Stiglitz /

    A Stiglitz Error?

    May 9, 2024

    You can’t fight a war without understanding your enemy.  That’s an adage as old as war itself.  Which means it’s very old. Joe Stiglitz doesn’t understand his enemy. Now, that’s an odd thing to say bout someone who’s worldview is hardly a secret.  Stiglitz has given it his best shot for decades.  He’s one of […]

    Uncategorized / economic theory, Haldane, Levitt, Martin Wolf /

    The Eclipse Part Three – It’s Not Just Me!

    April 17, 2024

    I know. I’ve been unfair.  Economists are not all totally irrelevant.  Nor is economics a complete wasteland of ridiculous models designed to make economists look clever at doing math. I hope I haven’t given that impression. Well only a little. You can’t make out-of-date ideas and concepts up-to-date and flashy simply by making them formal.  […]

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