The Radford Free Press – Page 53 – All life is problem solving.

Economics / Arrow, Brian Arthur, Comparative advantage, Friedman, General equilibrium, increasing returns, Ricardo, Socialist Debates /

Damn Facts

July 29, 2020

It seems appropriate to mention increasing returns today. After all, this is the day on which several of our modern titans of industry are appearing before Congress to respond to the concerns raised by the gargantuan size that their respective businesses have grown to become. The CEOs of Apple, Amazon, Google, and Facebook are all […]

Economics / Ayres, Coase, Dupre, economic ontology, evolutionary economics, Georgescu-Roegen, Lawson, Mäki, Richardson, Vromen /

Ontology, Framing, and All That Jazz

July 21, 2020

The collection of papers edited by Uskali Mäki and published in 2001 under the title: “The Economic World View, Studies in the Ontology of Economics” seems to be quite pertinent given the reaction to my recent comments on complexity. It is a wonderfully rich source of thought about what, exactly, economics is, which is something that […]

Economics / Adam Smith, complexity, Cosmides, Gell-Mann, Lionel Robbins, malthus, Plotkin, primary knowledge, secondary knowledge, Tooby /

More Complexity

July 14, 2020

Economists have been talking about complexity for a very long time. This may surprise many of you given the state of mainstream economics, but it is true. A good place to discover a preliminary history of complexity in economics would be the short volume edited by David Colander published in 2000. The papers it contains were all presented at […]