The Radford Free Press – Page 99 – All life is problem solving.

Economics / economic theory, Paul Krugman, Uber /

101 or Not 101- Uber Knows?

April 21, 2016

Paul Krugman has this in his blog today: The name is a takeoff on Noah Smith’s clever writing about “101ism”, in which economics writers present Econ 101 stuff about supply, demand, and how great markets are as gospel, ignoring the many ways in which economists have learned to qualify those conclusions in the face of […]

Commentary, Economics / economic theory, Hayek, Milton Friedman, plutocracy /

New York Stops The Revolution in Economics Too?

April 20, 2016

Yesterday’s election result in New York State effectively ended Bernie Sander’s tilt at the Democratic windmill. Here’s what I wrote to a friend who was intent on parsing the numbers: And, the point is? We can analyze all we want. It doesn’t alter the result. It provides nice fodder for coffee shop talk, but doesn’t […]

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 […]

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