Climate Push Has But Marginal Utility for Economics

Another Zeitgeist piece from the New York Times today denigrates traditional economics, which is to say the price mechanism for allocating resources. This time, it’s about climate and carbon, and the target of sorts is Nobel laureate William Nordhaus, long a favorite among left-of-center economists. Nordhaus, you see, early on proposed a carbon tax toContinue reading “Climate Push Has But Marginal Utility for Economics”

Sociology’s Un-economic Impulse

In the agitated state of modern societies, a rebellion against “neo-liberalism” heralds some preferred order, usually a form of ostensibly democratic socialism. Inherent in this movement is a rejection of economics, which is the study of allocating scarce resources. This is a startling proposition, coming off a generation or two in which economics has beenContinue reading “Sociology’s Un-economic Impulse”