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    Politics / capitalism, democracy, elections, oligarchs, plutocracy /

    Elections Matter … Right?

    October 31, 2018

    Elections Matter … Right? Well, only if those being elected have an inkling of what their constituents actually want.  And it seems that, here in America at least, there is a considerable gulf between what those who are elected think are the key issues and what those who do the electing think of as the […]

    Economics, Politics / economic theory /

    Those Lumps Matter

    October 23, 2018

    I feel bad for anyone who ventures into the social sciences.  Society is, after all, a devilishly complex subject.  Pull on any one string and you can convince yourself that you have understood it only to realize the next day that you missed the entire story.  It’s a maze: enter at your own risk. Of […]

    Economics, Politics / capitalism, Citizen's United, corporations, democracy, oligarchs, Supreme Court, theory of the firm /

    Corporations Cont’d

    October 15, 2018

    The key to understanding corporations is to separate the economics from everything else.  We need to do this because the economics, as expressed in various theories of the firm, are usually entirely idealized and bear no resemblance to reality.  Economists, as usual, love to theorize about things that don’t exist but which they wished did […]

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