The Radford Free Press – Page 52 – All life is problem solving.

Commentary, Economics / economic theory, evolutionary economics, Herbert Simon, J.B. Clark, Joan Robinson, marginalism, Ronald Coase, Williamson, Winter /

Some Critical Responses

May 31, 2020

It is always interesting to read what people say in response to what you write. It is also always educational. I enjoy the learning. I recently wrote a short piece meant to be a little on the light side pondering the odd comparison of the use of the word essential in our vernacular understanding of […]

Commentary, Economics / economic theory, productivity /

Two Definitions

May 28, 2020

Two definitions, one for ‘essential’ and the other for the way in which, according to economics, people are rewarded for their work. In recent weeks we have become accustomed to calling someone an ‘essential worker’. These are our most important people. They are, if the dictionary doesn’t lie, indispensable. They are extremely important. They are […]

Economics, Politics / capitalism, democracy, economic policy, economic theory /

Pandemic Musings

April 21, 2020

I have been digging around a fair bit lately trying to understand the role of economics in the extent of the inequality being laid bare by the pandemic — more on that later. A few interesting nuggets worthy of a quick note popped out along the way. Thomas Phillipon opens chapter one of his recent book […]