Tagged: economics

“You Didn’t Build That” – Perpetuating the Myth of American Exceptionalism

“You Didn’t Build That” – Perpetuating the Myth of American Exceptionalism

Andrew Cline had a recent article in The Atlantic where he attacks Obama for a recent campaign speech where Obama made the following remark: “If you’ve got a business — you didn’t build that.” The article, called What ‘You Didn’t Build That’...

It’s a Mad, Mad World!

It’s a Mad, Mad World!

  “I do not believe that this legislation changes the scientific standards that are taught in our schools or the curriculum that is used by our teachers.” –TN Governor Bill Haslam on the new Tennessee law mandating creationism be taught in science curriculum....

Homo economicus or Homo abyssimus

Homo economicus or Homo abyssimus

“…not only have economists, as a profession, failed to guide the world out of the crisis, they were also primarily responsible for leading us into it…The scandal of modern economics is that these two false theories—rational expectations and the efficient market hypothesis—which...