The Radford Free Press – Page 67 – All life is problem solving.

Economics / Adam Smith, capitalism, democracy, economic theory, Hayek, plutocracy, Quesnay, shareholder value /

Doomed to Repeat?

November 16, 2017

One of the great pleasures of living here in southern Vermont is that we have a terrific local bookshop. I go there simply to absorb that book shop vibe unattainable in the bits and bytes of Amazon. And like all good bookshops this one throws up surprises. About three weeks ago I was browsing the […]

Economics, Politics / deficits, inflation, interest rates, plutocracy, Republicans, stimulus, tax expenditures, tax reform /

Taxes: 1970’s Redux?

November 14, 2017

Taxes. What a problem. I was going to start by saying something about our current national debate about taxes, but that would have been an untruth. We are not having a debate. Instead we are all sitting on the sidelines whilst the Republican Party desperately tries to cobble together a tax plan in order to […]

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

Speculation

October 25, 2017

Robert Locke’s excellent discussion of the different perspective presented by a tacit-knowledge rather than explicit-driven driven enquiry into economic matters prompts me to reprise my understanding of the purpose of a business firm. Put briefly: a business firm exists to translate what is often called tacit knowledge in to what is called explicit knowledge. An alternative […]

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