Mike Norman Economics

More on pluralism in economics. Traditionalism has something to say to liberalism about both substance and process. What is Islamic Economics? A paper by Hafas Furqani “Defining Islamic Economics: Scholars’ Approach, Clarifying The Nature, Scope and Subject-Matter of The Discipline” lists more than 21 definitions, citing in addition several authors who state that there is no need for such a definition. Why is there such a variety of definitions, and what can be done to arrive at consensus...

Weekend reading.The American ProspectKarl Polanyi Explains It All Robert Kuttner

Interesting reveal here where didactic trained STEM students (training for mastery of physical systems) walk out on a dialectic Liberal Art trained moron attempting to lecture them that a physical system was responsible for their classmate death.Hope for GenZ.Students at a vigil for the STEM School shooting in Highlands Ranch reportedly walked out of the event after Democrat politicians Jason Crow and Michael Bennet made remarks and students said the tragedy was being politicized.Outside,...

Video and transcriptTRNNTrump Up in Polls; Who Benefits From Economic Growth?Paul Jay interviews Dean Baker and Randy Wray

The U.S. under Donald Trump is exacerbating tensions with Iran, leading many to fear war may be just around the corner. Any military conflict would have dire consequences for Europe, but the Americans remain undeterred.… Germans not happy.Spiegel OnlineRising Tensions: Trump's Iran Escalation Poses a Threat for Germany Staff

On April 18, 2019, a redacted version of Robert Mueller's report on "RussiaGate" related activities was released to the public. This article focuses on Volume I Part III titled "Russian Hacking & Dumping Operations" and provides details of the errors made, critical omissions, lack of conclusive evidence and reliance on assumptions and speculation. We will also look at problems relating to attribution methods used, countervailing evidence that has clearly been disregarded and other...

...no arrangement can be made with the United States anymore, since it is increasingly non-governable entity with utterly corrupt political institutions at the very top.Two years ago I stated: The only way of the United States out of present day pitiful state will be only with removal of most of current"elites" and "experts" who served them for so long. Thus America's losing the faith in this kind of expertise is a good thing.... The US has a deficit of soft power, becoming more feared...

“I don’t think people really understand what is at stake,” says Alex Camera, CEO of Audio Control, a privately held, small business manufacturing audio sound equipment near Seattle, Washington. He imports electronic components from China and makes things like power amplifiers for cars. They design it and put it together in Washington. “Trump says China is paying these tariffs, but they are not. I am. U.S. companies are paying it at the port.” Tariffs are port taxes due at the time of...

Fiscal support to the economy is unprecedented.

Milton Ezrati gets some of it, misses on other of it.The National InterestUsing Modern Monetary Theory to Your Advantage Milton Ezrati | contributing editor at the National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, the New York-based communications firm