A Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 18 “Conclusion: Still Spinning After All These Years” I have really enjoyed this book because Foster is asking the questions I have had. Why do we bite the Invisible Hand? Why are people not more aware or concerned that…
Tag: Economic Policy
Why We Bite the Invisible Hand
The Economic Denialism Built into Climate Change
A Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 14 “Moral Climate” I find this chapter a fascinating explanation of the histrionics that surround the climate change topic. I don’t want to get into whether it is man-made or not, real or hoax, but I do want…
Why We Bite the Invisible Hand
The Deep, Dark Roots of Politics: Using Others to Help Ourselves
A Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 13 “The Chimpanzee in the Room: Darwinian Politics” In an earlier chapter, Foster has discussed the origins of the instinct to trade. While trading seems natural to people, the disconnected and abstract modern economic system today challenges our…
Bourgeois Equality
You Cannot Steal Economic Growth
A Discussion of Bourgeois Equality Chapter 10, “Divergence not Imperialism” Welcome to chapter 10 of McCloskey’s book, Bourgeoise Equality, as we continue the chapter by chapter walk through. Today’s chapter is beginning Part 2 in her book, examining the question, why are the rich countries rich today? McCloskey is going…
Economic Thought
Where Economists Should Fear to Tread
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…