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

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 […]

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 […]

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