The Radford Free Press – Page 38 – All life is problem solving.

Commentary, Economics / Berners-Lee, blockchain, capilaism, democracy, digital revolution, industrial revolution, machinery question /

The Missing Magic

June 16, 2021

I read this morning that Tim Berners-Lee is going to auction the original code he wrote when he invented the world-wide-web. The code will be packaged up in a non-fungible token and sold, no doubt to one of the egregiously wealthy folk who have ridden his invention to enormous fortune. Berners-Lee is surely one of […]

Commentary, Economics / capitalism, Facebook, profits, shareholder value, wages /

Remote Working Pay Cut?

June 15, 2021

When a large corporation goes on the hunt for a lower cost base of operations I doubt whether it thinks it will be penalized for what is a rational and frequently made decision. After all if you can make the same revenue and reduce your costs your profit goes up. Yeah. Capitalism 101. If we […]

Economics / business school, capitalism, democracy, Eeckhout, inflation, market power, oligopoly, wages /

Power Shifts, or Not?

June 9, 2021

Power can flummox even the best economist. A typical explanation of events in an economy makes scant reference to the way in which power distorts the wondrous smooth motions that so obsess the discipline. It’s almost as if human relationships don’t exist in those wonderful models they are all so proud of. For the rest […]

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