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    Economics, Politics / capitalism, democracy, economic theory /

    Uncertain

    March 15, 2019

    I am not quite sure what to make of the phrase “radical uncertainty”.  It pops up in most discussions of Keynes as being a critical, if not the critical, point of departure of his thinking from the silliness we know as classical economics. Is radical uncertainty a redundant statement?  If something is uncertain, what is […]

    Economics, Politics / capitalism, democracy, economic theory /

    Anti-Social Economics

    March 4, 2019

    Some jumbled thoughts prompted by my recent reading of Robert Skidelsky’s book, “Money and Government” Just how anti-social is economics? I don’t think the question is difficult to answer: economics in its modern mainstream form is, at its heart, designed to undermine democratic government.  It is, therefore, profoundly anti-social. The genesis of this antipathy towards […]

    Economics, Politics / capitalism, democracy, Piketty, plutocracy, tax policy, taxes, Tobin tax, wealth tax /

    The Times Are Changing – Tax Style

    February 13, 2019

    The following is part of correspondence I had recently with a friend here in Vermont: The purpose of increasing taxes on the wealthy is twofold: one is to raise revenue; the other is to prevent growing concentration of wealth.  I think the second of the two is the more important.  The American system of opportunity […]

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