Monday, May 28, 2018

Ghana’s Discovery Of The Miracle Minister

No, no, not that sort of Minister, some form of Baptist or Pentecostalist - Ghana has more than its fair share of them -...

A Useful Answer To Krugman’s Wage Puzzle – Real Wages Are,...

The usual, and sensible, disclaimer here is that I as a mere scribbler tread on dangerous ground when I try to take issue with...

Thomas Piketty Said – Then Rich Americans lost $600 Million On...

One of Thomas Piketty's central contentions was that r>g, that wealth accumulates to those who already have it faster than the economy grows. Thus...

Adam Smith Could – Indeed Did – Tell You Why Your...

It's entirely true that not everyone can know about everything. I myself am lamentably short in understanding why Simon Cowell for example. But there...

The Guardian And Exchange Rates – California’s Economy Now Larger Than...

It's possibly about time that we introduced The Guardian to the concept of exchange rates. To the little wrinkles and bits and bobs of...

Marx At 200 – Yes, He Was Wrong, Badly Wrong

We're at the 200th anniversary of Karl Marx's birth - also the 201 st of Ricardo's publication, the 242 nd of Smith's Wealth of...

It All Makes Sense If The Household Is The Economic Unit

There is much that is puzzling about human behaviour. Economics is a method of trying to puzzle out what the heck is going on....

Donald Trump Still Wrong On Trade – EU Rips Off Europeans,...

We've another example of Donald Trump really not quite getting the right end of the stick over trade. He's claiming that the European Union...

Why We Shouldn’t Believe Will Hutton About Anything

As we all know Will Hutton's basic idea for the British economy is that everyone should just shut up and get on with doing...

Tankslapper

In motorcycling, there exists the charming term "tankslapper" A small instability in the steering begins a cascading failure as the handlebars first twitch, then tremble,...