In several other essays, I have severely criticized the founding of what is erroneously called the Nobel Economics Prize, since Alfred Nobel never founded a
Category: Act II: Free-Market Folly: Why Economics is not a Science
The Dismal State of Economics
For a discipline that claims to be a science, economists exhibit an astonishing lack of unanimity about even very basic things like government spending, monetary
The Flaws of Meritocracy
In the past, and even today, it was common in hierarchical or traditional societies for the sons and, to a lesser extent, the daughters of
Greed is the Root of All Speculation
There is a prevalent belief today that if one has extra money that one does not need to spend now or in the near future,
To Deny Cooperation is a Form of Tyranny
Although the following statement is an oversimplification, the free-market capitalist argument against all kinds of collective or government action and programs can be summarized as
War by Any Other Name is Still War: The Many Harmful Effects of Unbridled Competition
Thou shalt not covet; but tradition Approves all forms of competition. Arthur Hugh Clough There was a time in the not-too-distant past when the
