Liberal seems to mean so many different things to different people that it doesn’t seem to mean anything at all Continue reading →

A Harvard economist asked 5000 people how they thought wealth was distributed throughout the United States and then asked how it should be distributed. If wealth were distributed the way that most people think it is distributed, I think the … Continue reading →

Everytime I learn about some economic miracle that is taking place somewhere in the world, by the time I have internalized the lessons of that miracle, the miracle has turned into a disaster and I have new lessons to learn. … Continue reading →

Krugman is on form today But what’s really happening to the plumbers of Ohio, and to working Americans in general? First of all, they aren’t making a lot of money. You may recall that in one of the early Democratic … Continue reading →

Whimsley explores the poles of political thinking on economic issues. Imagine a society where everyone gets the same income. Then the income of one quarter of the population suddenly increases by a factor of five while the income of the … Continue reading →