The Radford Free Press – Page 27 – All life is problem solving.

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 […]

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 […]

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