The Radford Free Press – Page 48 – All life is problem solving.

Economics / economic theory, history of economics, Lionel Robbins, Skidelsky /

Historic Perplexity

December 1, 2020

A week or so ago I wrote that I was in the midst of reading Robert Skidelsky’s book “What’s Wrong With Economics”. His account is complete and balanced, he clearly has a great deal of respect for the discipline, but his critique is well worthwhile the time it takes to read. At the end the […]

Economics / Arrow-Debreu, economic theory, General equilibrium, Skidelsky, Walras /

“A Primer For the Perplexed”

November 19, 2020

That’s the subtitle of Robert Skidelsky’s little book “What’s Wrong With Economics”?. A primer for the perplexed. With the U.S. election past us, I decided to start reading some of the books that had accumulated in my “to read” pile. Skidelsky being one of my favorite authors I started with his. The problem is that […]

Economics / Hayek, Milton Friedman, shareholder value /

Friedman’s Bad Turn

September 14, 2020

Today is quite an anniversary. It is fifty years since Milton Friedman’s article on the responsibilities of corporate management appeared in the New York Times. Whilst it was not the only argument in favor of the shift towards a narrow focus on shareholder value, it was certainly one of the more persuasive and influential. I […]

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