The Radford Free Press – Page 85 – All life is problem solving.

Economics / Adam Smith, Arrow-Debreu, economic theory, General equilibrium, health care /

What Would Smith Say?

February 24, 2016

Sometimes I pity poor Adam Smith. I really do. He’s an accidental icon of all that’s wrong in economics. And let’s face it that’s a lot of wrong to be an icon of. How many times have we all been reminded that his metaphorical reference to an invisible hand performing some wild and strange magic […]

Uncategorized / Alan Krueger, Bernie Sanders, capitalism, democracy, plutocracy, rent seeking, Uber /

The Times Are A’Changing – Uber Style

February 22, 2016

Well at least in my head. One of the reasons this year’s presidential election is so interesting is that it is the first where younger voters – aka the “millennial generation” – will make up the same proportion of the electorate as do baby boomers. The times, as the baby boomer song goes, are a’changing. […]

Economics, Politics, Uncategorized / capitalism, democracy, Hillary Clinton, Paul Krugman, plutocracy /

Krugman versus Sanders

February 19, 2016

Paul Krugman seems to be spending an awful lot of his time nowadays trying to discredit Bernie Sanders. The last two of his blog entries at the New York Times are devoted to explaining why Sander’s extravagant claims are wrong and potentially damaging to the Democratic cause. I can understand why Krugman is so vexed. […]

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