The Radford Free Press – Page 96 – All life is problem solving.

Commentary / austerity, capitalism, education, plutocracy /

Too Expensive?

April 19, 2016

Some things get too expensive. When they do, people tend to buy less. Duh. This quite simple and intuitive observation sits at the heart of all that fancy math we call economics. We don’t need the math to understand the relationship between the cost of, and the demand for, something, but having lots of complicated looking […]

Economics / economic policy, economic theory /

Pre-existence

April 18, 2016

One of the mysteries of economics is its contemporary willingness to ignore everything around it. Economists act as if the economy they study is easily isolated from its surroundings and thus immune to the trends, problems, and changes that go on in those surroundings. Indeed this isolationism is a key component of economics because it allows […]

Economics / capitalism, democracy, economic theory, Milton Friedman, plutocracy, shareholder value /

Flat Earth Rules

April 1, 2016

Economists, especially mainstream economists, often like to ignore the real world consequences of their theories. Instead they prefer to hide away pretending that their conversations and ideas leave no imprint on society, and that their simple little models are just representations designed to cut through the tangle of reality to get at some core truth. […]

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