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

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 […]

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 […]

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