Tag: Economics2030
The rise and fall of the theory of human capital
The University of Chicago where the theory of human capital was distilled in 1960 The theory of human capital — which provides the intellectual support for student loans and other initiatives that impose the cost of education on students —…
Capital is a social construct and can’t be controlled
Richard Murphy has called for the end of the freedom of movement for capital In a comment posted on his website on 30 December, academic and accountant Richard Murphy said that the UK vote in favour of leaving the EU…
The intangible economy and the decline of liberal reason
Pankaj Mishra has lamented the decline of liberal rationality In an article in The Guardian today, Indian author Pankaj Mishra lamented the apparent decline in liberal rationality. “Committed to seeing the individual self as a rational actor, we fail to…
Economics and the EU Single Market
The Single Market is at the heart of the EU project. According to European Commission, the bureaucracy that administers EU law and regulations, the Single Market “… refers to the EU as one territory without any internal borders or other…
Finkelstein and capitalism
In an article published by The Times earlier this month, Conservative Party supporter Daniel Finkelstein argued “There is no alternative to capitalism, comrade.” It echoed the point made previously by Peter Kellner, a Labour Party supporter, in The New Statesman.…
Optimising value and efficiency in healthcare
Expenditure on health is rising as a proportion of GDP everywhere. It takes about 17 per cent of America’s GDP and it is said that, on present trends, 100 per cent of America’s GDP will be spent on healthcare by the…
New book lambasts the internet but the problem lies elsewhere
A book published this month says the internet, once seen as the vehicle for individual empowerment, is now a machine for making a handful very rich and allowing bosses and bureaucrats to keep tabs on the rest. Andrew Keen’s The…
Price versus value debate persists despite failure of the market in services
A post yesterday on the admirable Mises Institute website showed that economists, and many others, continue to be baffled by the difference between value and price. Peter St Onge, an assistant professor at Taiwan’s Fengjia University College of Business, wrote…