The Radford Free Press – Page 37 – All life is problem solving.

Economics / central banks, economic theory, monetary policy /

Confusion Reigns

December 28, 2021

What on earth were they doing? Rocked but undaunted by the great financial crisis the orthodoxy of our central banks survived to fight another day. The system had been saved. That no one saw the onrushing crisis is still being debated. Of course some people saw it coming. Anyone with a scintilla of understanding of […]

Economics / Brian Arthur, Daron Acemoglu, shareholder value, supply chains, technology, theory of the firm /

Domain Shift

December 7, 2021

Brian Arthur tells us that technology most often advances in the form of domain shifts. In his narrative technologies cluster in related groups he calls domains. So individual technologies might advance through a tweak here or there, but the economy advances through a shift from one cluster of technologies to another. I like this idea. […]

Economics / Hayek, market magic, Micro foundations, Prigogine, reductionism /

More is Different: A Redux

November 30, 2021

“Formation is the vanishing of being into nothing, and the vanishing of nothing into being” Hegel loved his dialectics. But it isn’t just contrasts that illuminate reality. It is connections also. Connections matter. Single things are interesting. Perhaps even intriguing. But it is the way in which things connect that leads us to the better […]

«< 35 36 37 38 39 >»