The Radford Free Press – Page 483 – All life is problem solving.

Economics / GDP, recession, recovery, stimulus, unemployment /

Green Shoots Watch: Patience Please

June 23, 2009

There aren’t any. The problem I have with the economic news at the moment is that everyone seems to be in a hurry to get the recession over with, presumably so that we can all get on with something new. After all this economic stuff is getting boring and detracts from really important things like […]

Economics / bank capital, banking, regulation, risk management, roles, routines, systemic risk /

It’s All About Risk

June 22, 2009

I like to break economic systems, like business firms, down into sets of roles and routines. For all the gory details of this you’ll have to wait for my book on the somewhat grandiose topic of the theory of the firm, but for now I want to take a stab at bank reform through that […]

Economics / health care /

Health Care Redux

June 22, 2009

Health care seems to be the hot topic, so let me take another hack at this. Any viable solution to our problem, and I don’t find many people nowadays denying that there is a problem, must include a robust government option. Let’s keep this really brief: There are circumstances in every economy where ‘market forces’ […]

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