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Unification

by on April 6, 2015

There are many billions of people in the world. There are tens, if not hundreds, of business firms. There are hundreds, if not thousands, of [more…]

Efficient Allocations?

by on March 25, 2015

Willford King has written:
"It is easy to find a man in almost any line of employment who is twice as efficient as another employee, but [more…]

Ideas That Must Be Forgotten

by on March 17, 2015

Much of what we are told as being advances in economics are diversions or delusions that serve only to trap us in a cul-de-sac. Sometimes [more…]

Where’s the Structure?

by on March 5, 2015

In its long search for the illusion of equilibrium economics has had to barter away one aspect of reality after another. Driven by its desire [more…]

Economic Ignorance?

by on March 2, 2015

Ha-Joon Chang nails it.

But I wish he hadn't.

You see, I agree with his analysis of the inverse nature of status within the economics [more…]

Elitist Confusion

by on March 2, 2015

One of my ongoing sources of frustration is the amount of effort elitist folk put into lecturing the rest of us about why we ordinary people [more…]

I Am A Know-Nothing

by on February 25, 2015

Beware of the possible snark in the following:

One of the possibilities you face when you commit to writing about something is that you get called names. Sometimes you [more…]

Academic Inequality?

by on February 24, 2015

I want to point you to an article in Salon about how academic recruitment is horribly skewed. It confirms what most of you know: academic [more…]

Crying Wolf

by on February 24, 2015

I must admit that I find it difficult to take the current stand off between the White House and Congress over immigration too seriously. Unfortunately [more…]

To See Is To Believe?

by on February 23, 2015

The French Republican thinker Charles Péguy once said:
"One must always say what one sees. But especially -- and this is the hard part -- [more…]