Marx and Modern Microeconomics

By Samuel Bowles*  – Naked Capitalism Few economists doubt that Marx flunked economics, a judgement mostly based on his labour theory of value. But this column argues that Marx’s representation of the power relationship between capital and labour in the… Continue Reading

The Future of Plastics

By William S. Becker * In the classic movie “The Graduate”, Dustin Hoffman plays a young man who has finished college without knowing what his career should be. One of his father’s friends takes him aside and whispers a single… Continue Reading

Earth, Wind and Liars

By Paul Krugman* – The New York Times Peter Thiel, Facebook investor and Donald Trump supporter, is by all accounts a terrible person. He did, however, come up with one classic line about the disappointments of modern technology: “We wanted flying cars, instead… Continue Reading