The Radford Free Press – Page 60 – All life is problem solving.

Politics / Federal Budget, fiscal policy, Republicans, tax policy, tax reform /

Tax Reform, Relief, Whatever

April 24, 2017

Moving on, White House style, we are now confronting the prospect of tax reform. I suppose that those of us who cringe whenever we hear a Republican use the phrase “tax reform” ought take some comfort from the obvious disarray in right wing policy circles. Tax reform is already looking like a re-run of health care […]

Economics / economic theory, Gary Becker, Richard Bookstaber /

Nailed to Its Perch

April 21, 2017

I always use some famous Chicago School economist as my representative fool when I am describing mainstream economics to my uninitiated friends. How does one, after all, defend such a ludicrous body of thought? By reference to Monty Python? Here is Gary Becker explaining why mainstream theory is so ridiculous: “The combined assumptions of maximizing behavior, market equilibrium, […]

Economics / primary knowledge, secondary knowledge, theory of the firm, uncertainty /

Notes On The Firm

April 19, 2017

When, for reasons too byzantine to recount here, I decided to re-engage with economics a couple of decades ago I did so through the prism of business. After all I had just finished a stint in banking and was thinking about the way in which the rise of digital technology would change the way in […]

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