"There are more things in Heaven and Earth, Horatio, than are dreamt of in your philosophy."
Adam Smith (1723-1790), founder of classical economics, which has flowered into New Classical Economics Image Credit: Wikimedia Commons/By Unknown – http://www.nationalgalleries.org/object/PG 1472, Public Domain At this time in history, the … Read More
Clouds: What cosmic rays help create Photo Credit: Wikimedia Commons/Fir0002 The latest measurements of cosmic ray intensity in the stratosphere from Spaceweather.com and the students of … Read More
Trump speaking at 2015 Conservative Political Action Conference (CPAC) Photo Credit: Wikimedia Commons/Gage Skidmore Marco Rubio’s call at last night’s Republican debate to fact check the differences between Donald Trump’s … Read More
The original Phillips curve for the U.S. fit to 1960s data. A non-economist might justifiably be confused about why the Federal Reserve, the European Central Bank (ECB), and the the … Read More
Storm Clouds of Socialism (c) Can Stock Photo / leedsn This essay is a continuation of my previous … Read More
A collective life under socialism. (Of course, Bernie Sanders would say this is capitalism!) The Last Judgement, Hell By Fra Angelico (circa 1395–1455) – The Yorck Project: 10.000 Meisterwerke der … Read More
Standard Oil stock certificate from 1896 – A share of wealth Photo Credit: Wikimedia Commons/Rjensen at English Wikipedia This is the fourth essay in a series of posts on the … Read More
Claim checks on wealth. Image Credit: Freeimages.com/Jon Syverson This is the third part of a series of posts on the effects of Capitalism on the culture of … Read More
Economic Temptation: Is this the danger posed by capitalism? (c) Can Stock Photo I will now continue the discussion of how desirable capitalism is as an economic system in our … Read More
Greed – Is this all there is with capitalism? (c) Can Stock Photo This essay has been inspired by notions concerning capitalism I have heard or read from a number … Read More
Janet Yellen, Chairman of the Federal Reserve System Wikimedia Commons/United States Federal Reserve Wednesday and Thursday, Janet Yellen, the Chairman of the Federal Reserve, gave one of her periodic reports … Read More
Chaos, chaos everywhere! Image Credit: Flickr.com/SantaRosa OLD SKOOL It is sometimes said that “if the only tool you have is a hammer, then everything you see looks like … Read More
Adam Smith, the builder of a majestic Gothic cathedral of economic thought. by John Kay (1742-1826)/Library of Congress (PD-1996) This is the second of two posts on the applicability of … Read More
Organization of a feedback loop Wikimedia Commons/Brews ohare – Own work My friend Chease has again proposed I consider a very interesting article concerning Adam Smith’s “Invisible Hand”. Last August … Read More
Investors in the stock market getting their thrills! Wikimedia Commons/Boris23 The last few weeks with the stock markets have certainly been an exciting roller coaster … Read More
Idols of Capitalism in front of the Frankfurt Stock Exchange, Germany, a high temple of Capitalism Wikimedia Commons/Eva K. Since we looked at the various meanings people give to the … Read More
Lamartine, before the Hotel de Ville, Paris rejects the red flag of revolution and socialism on Feb. 25, 1848. By Henri Félix Emmanuel Philippoteaux , Public Domain Late yesterday, while … Read More
