Tag Archives: economics

HomePosts Tagged "economics"

Cents and Sensibility: What Economics Can Learn from the Humanities. Gary Saul Morson and Morton Schapiro. Princeton: Princeton University Press, 2017.
 
The crisis of the humanities has been well-covered with a decline in students enrolling in its programs, an oversupply of doctorates who cannot find an academic position, and a diminishment of respect for these subjects because there are no jobs…

Every second year, the first week of January is a time of change in US politics.  Some senators and members of the House of Representatives leave national, legislative politics, either voluntarily, because they retire, or involuntarily, because they are defeated, and a new crop of legislators is sworn into office.  Last week saw more change than normal.  Many Republican members…

The making of the modern market economy is often attributed to Adam Smith. Though free market theorists see the primary roots here, the view is not shared by all.
Murray Rothbard is among the prominent theorists who understand the Late Scholastics as the main protagonists. The Scholastics had moral considerations as the original basis and their reflections, which in turn developed…

Does Eric Voegelin's philosophy provides an inter-disciplinary basis for a free economy, rooted in the priority of the human person; that human beings are endowed with inherent dignity and worth. This essay will consider why free markets, despite their success in material outputs, have not gained the moral high ground in recent surveys; especially of millennials. With millennials reportedly concerned…

In Voegelin’s essay about industrial society, he explored how the American economy had adapted to ever-changing economic circumstances, with its technological productivity and rationalization of forms of production now being led by the service sector. The structure of American industrial society had been so transformed by the service sector such that marco-economic comparisons between the United States and the Soviet…

In his 1960 essay, “Industrial Society in Search of Reason,” Voegelin described the features of industrial society as follows: 1) the worker was separated from his tools by technology; 2) the worker no longer produced anything by him- or herself or in small groups; 3) the socialization of work was organized around a complex of raw material and technologies because…

Austerity: The History of a Dangerous Idea. Mark Blyth. Oxford: Oxford University Press, 2013.
 
Political theorists have long made the connection between politics and emotion. Plato, in his Republic, recognized both greed and anger as a central problem of political life. Early modern thinkers, like Machiavelli and Hobbes, recognized the importance of fear in political life.  Modern thinkers, like David Hume,…

Wealth of Persons: Economics with a Human Face. John McNerney. Eugene, Oregon: Cascade Books, 2016.
 
There is need of a deep and saving counsel, like a diver’s,
descending to the depth, with keen eye and not too much perturbed,
to make the end without disaster for us and for the city.
—Aeschylus, Supplicants, 66c[1]
 
We speak of “the economy” as though we know…

Who is afraid of the financial market? Obviously most of the political leaders around the world – and rightly, since the global economy has fallen into disarray; however also wrongly, because they bow to the myth of the rational market. At issue is not the dependence of national economies on private investors, but the key role that governments grant the…