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

Economics / Berle and Means, Burnham, Chandler, Foss, growth theory, Ronald Coase, Solow, theory of the firm /

The Missing Middle?

August 5, 2020

A couple of things before we get started: when I say that economics is not history, I mean exactly that. Geology is not history either. That is not the same as saying that economics ought pay no heed to history. Let’s not get confused over that. Economics is its own discipline with rules and territory […]

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 […]