Tagged: economics

Economist, Heal Thyself

The other day, I listened to a recent Hoover Institution interview with Thomas Sowell, in which the interviewer, Peter Robinson, a milquetoast Republican type, asked Sowell to assess the presidency of Donald Trump. To be precise, he cited Sowell’s friend and fellow free market defender Walter Williams, who while criticizing Trump’s character nevertheless believes that he is “a good president,” offering as evidence...

Economics vs. Astrology

Recently, in reply to my post about the mainstream media’s coverage of hurricanes and other severe weather events, a great friend commented that the climate experts, with their diatribes about “unprecedented” and “historic” weather, are analogous to economists, who build their reputations on pretending to be able to explain the “unexpected” ebbs and flows of the market — as opposed to real experts...

Economics vs. Political Philosophy

One of my great bugaboos in conversing with my sometime allies in the American conservative movement is their all too frequent infatuation with, and deference toward, free market economic theory. Let me state this as clearly as possible. Economics in the modern form — the form into which it has evolved since, like its sisters among the “social sciences,” it detached itself from...