Poverty

Readings: http://peoplespolicyproject.org/2017/09/12/who-was-in-poverty-in-2016/ http://www.demos.org/blog/12/2/15/why-education-does-not-fix-poverty Today’s topic is on poverty. Poverty is actually an extremely simple issue. In the reading for today, this was shown very compellingly in graphs. If you have a smartphone handy, you can take a look. First, nearly half of all Americans had no income whatsoever. This might seem to be impossible–how can […]

Prices and efficient allocation of goods

Reading: Current Affairs, Do Economists Actually Know What Money Is? Economics is separated from other social sciences by its use of models. Whereas other social sciences try to gather evidence from the past and present to understand what might occur in the future, economics creates mathematical models to try to show what is likely to […]

Efficient equilibrium in economics

The Economics for socialists series looks at the intellectual basis of the economics field. Reading: Harvard Business Review, There is No Invisible Hand Economics is separated from other social sciences by its use of models. Whereas other social sciences try to gather evidence from the past and present to understand what might occur in the […]