The entire illegals fiasco showcases the expenditure of national and public resources on anyone except the people who help built those resources in Britain. Finally, the British are aware of the nightmare they are in. Continue reading The economy of violence (reprised): waste, expenditure, and the invasion of Britain
Donald Trump is flexing his skill in deal-making to force China to the negotiating table and be a responsible international actor in trade. It is also part of the reciprocity in trade relations that underpins the tariff strategy. Continue reading The China gambit: a time for truth
The President is the only national executive chosen by the people. When the economy stumbles, he takes the blame, and faces the voters. The Fed Chair does not. Continue reading The President should have the power to fire the Fed Chair
by Sanjay Perera
We return to the idea of general equilibrium and the transcendent nature of it espoused by economists and the problems ensuing from this. Another normative aspect to this for economists, in terms of what good a state of equilibrium can produce is highlighted by the so-called Pareto criterion. Continue reading A critique of Capital (3): Toward a moral economy
by Sanjay Perera
From the perspective of the Kantian critique the problem with the synthetic idea of general equilibrium is that it fast becomes a transcendent one. Continue reading A critique of Capital (2): The metaphysics of economics
by Sanjay Perera
In the introductory lines of a textbook on economics are these words: “Are Marxists correct in arguing that only vast expenditure on arms saves the capitalist countries from a return of mass unemployment? Or have we now learned…how to avoid forever such devastating situations? Why, then, in the late 1970s, did unemployment in Britain, the United States and several other countries reach the highest levels ever attained since the Great Depression of the 1930s?” Continue reading A critique of Capital (1): The problem with economics
Philosophers for Change 