Category Archives: Economic Theory

The Logic of Loosening Up a Bit

Okay, this is an odd place. Down on the corner there’s a small mall, where Schwab’s Drug Store used to stand, where Lana Turner wasn’t really discovered. But something else did happen there. In early 1939 Harold Arlen slowed his … Continue reading

Posted in Economic Theory, Illegal Immigration, Immigration Policy, Life in Hollywood, Mitt Romney | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

The Broken Bits of Some Incomplete and Shattered and Often Discredited Philosophy

Everyone would probably agree that The Globalization Paradox: Democracy and the Future of the World Economy is not exactly light reading. A copy of that book on your coffee table would not impress your date – nor would Sartre’s Being … Continue reading

Posted in American Exceptionalism, Austerity Economics, Economic Theory | Tagged , , , , , , , , , , , , , , , | Leave a comment

Let’s Not Do That Again

Those of us who have worked in systems felt a twinge of sympathy for the folks at Research in Motion last week. Everyone’s Blackberry stopped working, and that device had become critical to modern business. But system failures happen. And … Continue reading

Posted in Economic Theory, Free-Market Capitalism, Milton Friedman, Occupy Wall Street | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Things to Worry About

No one names their kid Cassandra. Sure it’s a nice sounding name for a pretty little girl, but Cassandra was the daughter of King Priam and Queen Hecuba, and her stunning beauty caused Apollo to grant her the gift of … Continue reading

Posted in Decline of the Dollar, Economic Theory, European Bank Crisis | Tagged , , , , , , , , , , , , , , | Leave a comment

Structural Matters

This time it’s different. People always say that, and they believe it – but most of the time it really isn’t different. Maybe things fell apart with that sweet young thing who was your sweetheart – and this time it’s … Continue reading

Posted in Consumerism, Disappearing Middle-Class, Economic Recovery, Economic Theory, Structural Unemployment, Unemployment | Tagged , , , , , , , , , , , , | 1 Comment

Arguing Against the Idea of Doing Things

There is such a thing as medical humor. You feel awful and the doctor asks that question. Have you had this before? And you know the answer if you say yes. Well, you have it again. That might be followed … Continue reading

Posted in Economic Recovery, Economic Theory, Republicans' False Populism, Unemployment | Tagged , , , , , , , , , , , | Leave a comment

Solving the Wrong Problem

There is a reason there’s that quote on the top of this page in the masthead, that one from G. K. Chesterton about how it isn’t that folks, worried sick about this or that, can’t see the solution to the … Continue reading

Posted in Austerity Economics, Deficit Hawks, Deficit Issues, Deficit Spending, Economic Theory, Unemployment | Tagged , , , , , , , , , , , , , , , | 2 Comments