Comments on: Got an Economics Question?

By: New York

New York — Sun, 19 Jul 2009 04:35:44 +0000

* Socialism = Preventing Race to the Bottom
* Capitalism = Promoting Race to the Top

We need BOTH Socialism and Capitalism (either implicitly or indirectly) to build and sustain a great Nation.

By: A. Mironko

A. Mironko — Tue, 03 Feb 2009 14:03:25 +0000

It is a society of greed that spoiled the fun regardless if it is free market of centrally governed economy.

For about two decades with a brief drops, now and then, the economy was doing well; at least we thought so. We were all for free market economy.

Collapse of credit and real estate markets brought most of individuals, families, corporations and even countries to their knees – all participants. Now the slump is so deep that even government will not be able to solve it alone. If we continue that way China will own the USA.

Besides all of that, the “wall street” crowd still basks in cash bonuses courtesy of taxpayers to whom they do not give loans anymore. “Good” supervision/regulation by government of a financial “players”. Now the same governments that ’snoozed at the switch” pretend to know how to solve it?

The vicious circle will perpetuate itself – rich are getting richer while poor are getting poorer – regardless of the rules, free market economy or centrally governed one. Nothing has nor will change, only perceptions.

By: Citizen Economists » Monetarism or the Austrian School: Which Is More Effective?

Tue, 14 Oct 2008 13:59:22 +0000

[...] Home » Blogs » Monetarism or the Austrian School: Which Is More Effective? No Widgets Here Monetarism or the Austrian School: Which Is More Effective? October 14, 2008 by Stephan Zimmermann sr_adspace_id = 4730607; sr_adspace_width = 300; sr_adspace_height = 250; sr_adspace_type = “graphic”; sr_ad_new_window = true; At a most appropriate time, Sukrit asks: [...]

By: Sukrit

Sukrit — Mon, 06 Oct 2008 12:11:52 +0000

I have a question: what is the difference between the Austrian business cycle theory and monetarism, and which one do you think is a more accurate description of how the economy works?

By: Stephan Zimmermann

Stephan Zimmermann — Wed, 27 Aug 2008 17:39:02 +0000

If we consider the European economic world post-Adam Smith, then the majority of those principles seem to be based on a perspective of “scientific” models.. The specific, Christian based priciples both then and now seem to posit that economic man is
a rational, self-centered, perfectly informed individual who wants wealth and avoids unnecessary labor.

From this spring concepts such as “rational expectations,” “maximization” etc.

Since, with few exeptions, the “science” of western economists is dominated by Europeans, it makes key assumptions about the nature of mankind.

See more discussion of this issue in my next blog,

By: Chris

Chris — Wed, 27 Aug 2008 16:17:17 +0000

Is there a dominant economic worldview in the Western society? If so, what is it? If not, what worldviews are the most popular/employed? Thanks.

By: Amateur Economists » We Grow Enough Food to Feed Everyone in This World, So Why Don’t We? (Part 2)

Wed, 06 Aug 2008 23:59:58 +0000

[...] levels. Read his full bio at and submit your economics-related questions to his post “Got an Economics Question?” world hunger, agriculture, world economy, economics, politics, government, current affairs, [...]

By: Amateur Economists » We Grow Enough Food to Feed Everyone in This World, So Why Don’t We? (Part 1)

Fri, 01 Aug 2008 22:24:34 +0000

[...] asks: “Looking around, it seems to me as if one of the greatest economic problems is one of [...]

By: Stephan Zimmermann

Stephan Zimmermann — Thu, 31 Jul 2008 02:53:25 +0000

mlb: My two-part article will be on Amateur Economists within the next several days.

By: mlb

mlb — Thu, 31 Jul 2008 02:37:33 +0000

Thanks a lot for your reply. I would like to read your article, but I can’t find it. Do you have a link?

Thanks, mlb