Should We Believe Next Week's BLS Jobs Report?

Written by

Next week we will see the final employment report before the November elections. Will the Bureau of Labor Statistics (BLS) have their fingers on the scales to make the Democratic party look good going into the election?

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A Short Note on a Connection Between Marginalist Economics and Folk Medicine

October 29th, 2016
in history, macroeconomics

by Philip Pilkington

One peculiar aspect of modern marginalist economics is its obsession with equilibrium. I was recently re-listening to an excellent lecture given by Joan Robinson in Stanford in 1974 entitled ‘What is Wrong With Neoclassical Economics?‘. The entire lecture is about the inability of marginalist economics, which is obsessed with equilibrium positions, to deal with historical time.

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Run A High Pressure Economy? Janet Yellen Does Not Understand the Problem

by Elliott Morss, Morss Global Finance

Introduction

Since the 2008 collapse, the Fed has been buying government debt to keep interest rates low in hopes of inducing more spending by individuals and business.

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Comments on Feyerabend’s ‘Against Method’, Part III

Intellectual Support for Mainstream Economics

by Philip Pilkington

Article of the Week from Fixing the Economists

If you read Paul Feyerabend’s Against Method closely and you take the argument seriously a rather unnerving fact comes to light: namely, that the argument contained therein lends full intellectual support to mainstream marginalist economics. 

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Taking a Wrench to Healthcare

October 24th, 2016
in aa syndication

by John Mauldin, Thoughts from the Frontline

“The US has the most dysfunctional healthcare system in the world.”– Elizabeth Holmes

“Healthcare is the cornerstone of the socialist state.”– Monica Crowley

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