The Radford Free Press – Page 331 – All life is problem solving.

Economics / free market theory, Ronald Coase, theory of the firm /

Addendum on Coase [Again- Apologies in Advance!]

January 19, 2011

A friend here in New York wrote to me to say he “didn’t get” the import of my comment yesterday about Coase. This is my fault. Let me take a quick – I promise – stab at clarification because his befuddlement strikes right at the heart of why regular people find economics so baffling. Recall […]

Economics / home prices, housing permits, housing starts, real estate /

Housing: Nothing Good to Report

January 19, 2011

The slump in the American real estate industry continues unabated. There is no news in that I suppose, and I fully expect the slump to last quite a bit longer. The bubble was that bad. Today’s report on house construction merely highlights the extent of the damage: construction of new homes fell 4.3% in December […]

Politics /

[Way] Off Topic: Religion in Politics Alabama Style

January 18, 2011

I find it sad when I come across tangible evidence of how far from its moorings American discourse has slipped. The very ground rules are so different from those I cam across when I first came here in the late 1970’s. Sometimes I try to tell myself that I am imagining things. And that the […]

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