Archive for February, 2010

Capitalism’s Missing Links

February 22, 2010

If capitalism requires three factors of production — land, labor and capital — then why do we obsess over one (capital) and virtually ignore the other two?



What’s so incomplete about capitalism?

February 22, 2010

I believe in capitalism as the best economic system out there (or, as Winston Churchill said about democracy, it’s the worst system there is except for all the others). But by its own conceptual framework, it is incomplete. (more…)

Alan Greenspan is an Incomplete Capitalist

February 22, 2010

Alan Greenspan’s famous comment about a flaw in his model of how markets can self-regulate reveals him to be an Incomplete Capitalist!