Tag Archives: economics

No Such Thing

One simple economic principle that is all-too often ignored is the one represented by the acronym TANSTAAFL. Never mind that in order to create an easily pronounced phonetic entity the short instructive declaration behind TANSTAAFL has been often expressed as … Continue reading

Posted in Economy, Sociocultural | Tagged , , , , , , , , , , | 1 Comment

Individual Myth

For decades now we as a society have been following the social preferences of what Lynn Parramore, in an October 26, 2019 episode of Evonomics, called homo economicus, the supposedly rational human for whom the highest and best path for … Continue reading

Posted in Economy, Sociocultural | Tagged , , , , , , , , , | Comments Off on Individual Myth

Trickle-Up Time

The philosophy of Economics has developed in odd ways in the past five decades, especially in the popular mind. In the academic world it remains a complex system bound by esoteric mathematics and subdivided into a number of different denominations—I … Continue reading

Posted in Economy, Politics, Uncategorized | Tagged , , , , , , , , | Comments Off on Trickle-Up Time

Never-ending Keynes

We should all remember the name John Maynard Keynes, born this month, on June 5th, 1883. If this name is not familiar to you, it probably should be. You should also know, in general terms, what the term “Keynesian economics” … Continue reading

Posted in Economy | Tagged , , , , , , , , , , , , | 1 Comment

Trickle-Down Freedom

Reality has a way of making hash out of many promising and popular theories. Or perhaps I should say many hypotheses, given that a theory is properly understood to be a more robust explanation about the way things work. A … Continue reading

Posted in Politics, Sociocultural | Tagged , , , , , , , , , , , | Comments Off on Trickle-Down Freedom

Gilded Age II

I often read historical accounts of the Gilded Age, that half-century of rapid industrial growth and massive concentration of wealth that followed the end of the Civil War in the United States. Between 1870 and 1920 there were several significant … Continue reading

Posted in Politics, Sociocultural | Tagged , , , , , , , , , , | Comments Off on Gilded Age II

Low Gas Prices Exported

Here’s some news you probably didn’t know about the recent rise in gasoline prices in the United States: In 2011 the largest category of exports from the U.S. to other countries was fuel. Yes, gasoline, diesel, jet fuel, and so … Continue reading

Posted in Politics | Tagged , , , , , , , , | Comments Off on Low Gas Prices Exported