A Discussion of “The Political Limits of Economics” We are living in a time when experts and their recommendations are ruling over us. Our politically elected officials are deferring to their guidance — is that how it should be in our democratic republic? Given the time it takes to publish, I doubt…
Category: Economic Thought
Economic Thought
Time for a Paradigm Shift in Economics?
A Discussion of “Shrinking Capitalism” In the May 2020 American Economic Association’s (AEA) Paper and Proceedings, Samuel Bowles and Wendy Carlin put forth a bold proposition for a new paradigm to supplant the previous reign of Neoliberalism. A provocative goal paired with an equally provocative title, “Shrinking Capitalism”. While it could…