Tag Archive: education

Feb
28

Political Game Theory: Why no one likes what comes out of Washington

The field of Public Choice extends the study of economics to governments.  It assumes that people in government behave the same as do people in the private sector.  By behave the same, they (according to Steven Horwitz) mean that people have intentions, use information, respond to incentives, and act in accordance to institutional rules set …

Continue reading »

Permanent link to this article: http://new.wkubbtcenter.com/2013/02/28/political-game-theory-why-no-one-likes-what-comes-out-of-washington/

Aug
31

Unemployment and the Unemployable

The US unemployment rate rose to 8.3% in July and Jobless claims in August have risen by 10,000 over July.  The slowly growing US economy is not denting the 8% unemployment rate.  Keynesian economists believe that this must be due to some lack in demand for US goods and services.  If only Congress could borrow …

Continue reading »

Permanent link to this article: http://new.wkubbtcenter.com/2012/08/31/unemployment-and-the-unemployable/