A Response to Robert Reich on Big Money in Politics

Robert Reich recently posted a critique of big money on his Facebook page, in which he listed seven points of criticism. He seems to be focusing on the political right, noting that “a dozen Republican wanna-be’s are already attacking government … Read More

Speculators, Prices, and Information

Following the previous post on the role of speculators in markets, this is a more conceptual view of what is happening with the information system of prices in markets. We do not normally think of prices as communicating information, but … Read More

Why Nations Fail: An Alternate Reading

Daron Acemoglu and James Robinson’s book Why Nations Fail: The Origins of Power, Prosperity, and Poverty, is nothing if not audacious. The result of 15 years of study, the authors cover a vast spread of historical and contemporary examples of … Read More

Externalities 8. Edward Freeman: Stakeholder Theory

This is the eighth of a series examining the moral dimensions of economic “externalities”, the spillover or incidental side effects in market activity. The series is available in expanded form, with an introductory chapter and updated essays, as an e-book … Read More

Externalities 7. Gregory Kavka and Future Generations

This is the seventh of a series examining the moral dimensions of economic “externalities”, the spillover or incidental side effects in market activity. The series is available in expanded form, with an introductory chapter and updated essays, as an e-book … Read More

Externalities 4. Steven Cheung: The Myth of Social Cost

This is the fourth of a series examining the moral dimensions of economic “externalities”, the spillover or incidental side effects in market activity. The series is available in expanded form, with an introductory chapter and updated essays, as an e-book … Read More

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