In Principle I’m in Favor of Spending Money on Economists

Michael Giberson George Soros has promised to spend $5 million a year for 10 years to support an Institute for New Economic Thinking to be hosted at Central European University in Budapest.  According to the INET website, the Institute will make research grants, convene symposia, and establish a journal. As part of the announcement, Soros … More In Principle I’m in Favor of Spending Money on Economists

Unfair Prices and Moral Progress

Michael Giberson Unfair Prices Daniel Little, at Understanding Society, asks about “Fair Prices?”  In exploring the topic he draws some upon E.P. Thompson’s studies of the English working class: E. P. Thompson’s work on early modern Britain reminds us that there was a “moral economy of the crowd” that profoundly challenged the legitimacy of the … More Unfair Prices and Moral Progress