The Radford Free Press – Page 70 – All life is problem solving.

Economics / economic policy, economic theory, Trump /

Trump and Economics

January 11, 2017

I don’t want to spend much time on Trump and his version of economics primarily because I am not sure what it is. Nor, I think, does he. One thing worth mentioning is that there is an unprecedented disconnect between the economics profession and the incoming President. Just about every economist I know says that […]

Economics, Politics / capitalism, Cromwell, democracy, plutocracy, Putney Debates, Rainsborough /

Putney Debates and The Trump Adminstration

January 10, 2017

Here’s a well known quote: “For really I think that the poorest he that is in England hath a life to live, as the greatest he; and therefore truly, sir, I think it’s clear, that every man that is to live under a government ought first by his own consent to put himself under that government […]

Economics / economic theory, growth, Robert Solow, Triangle Framework /

Tectonics and Growth

January 4, 2017

My wife is reading Kahneman’s “Thinking Fast and Slow”, somewhere in which he relates his reaction when he first came across the bedrock of mainstream economics: rational microeconomic behavior. I must admit I had a very similar reaction. The description of human behavior that underpins modern economics is so bizarre that my first thought was that it […]

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