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    Economics / California, class structure, education /

    California Bashing

    November 19, 2009

    I haven’t taken a swipe at the third world nation known as California for a while. So here goes. It pains me to read that the state’s college system is contemplating raising undergraduate fees by as much as 32%. Even with this increase the in-state tuition bill will only hit $10,000 which is not outrageous […]

    Economics / Akerlof, economic theory, John Gray, Keynes, London Review of Books, risk, Schiller, uncertainty /

    John Gray Tackles Economics

    November 19, 2009

    OK I can hear the yawn. Who is John Gray after all? Well, a really clever fellow that’s who. He has written some very controversial stuff, he taught at my alma mater, and is one of the world’s foremost intellectuals. His canvas is more extensive than most. He is quite capable of offering a reasoned […]

    Economics / Goldman Sachs /

    Goldman Sachs Largesse

    November 18, 2009

    Ah the holiday spirit. Overcome, no doubt, by images of Scrooge dancing in their heads, the leaders of Goldman Sachs have come forward and boldly admitted they helped in the great banking screw up. Yes, you heard it: the banks trashed the economy and Goldman was right there at the center of the foul up. […]

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