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    Economics / Ciepley, corporations, Kaplan, Milton Friedman, Stigler Center, theory of the firm /

    The Firm, Yet Again

    December 9, 2020

    There is a new eBook published by the Stigler Center which is an offshoot of the Booth Business School at the University of Chicago.  The publication contains a number of short essays either attacking or defending the infamous pronouncements by Milton Friedman on the role of the corporation.  This year, you may recall, is the 50th […]

    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 […]

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