The Radford Free Press – Page 55 – All life is problem solving.

Politics / democracy, Nixon, plutocracy, racism, Reagan, Republicans, Trump /

Racism in America

June 3, 2020

I don’t often comment on politics here, but I want to record my thoughts as I watch the extraordinary convulsions running through America at the moment. First: racism is a basic fact of American life. It has been apparent to me since I moved here. White America simply doesn’t want to be forced to engage […]

Economics / Abromovitz, capital, capitalism, growth theory, labor, plutocracy, Robert Solow, total factor productivity /

More Words That Matter: Capital and Labor, Part One

June 2, 2020

I was having a conversation this morning in which I argued the word “capitalism” has no meaning. Or, perhaps, it has too many meanings. It is a fraught one as well. People get vexed in its presence. I ought also have said the same thing about the word “labor”. Both words are relics of the […]

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 […]