April 2016 -

Capitalism 101

April 28, 2016 James Nolt 0

Capitalism is an economic system dominated by self-expanding wealth. Whereas the principal strategies of expanding wealth under feudalism involved war or marriage, under capitalism wealth […]

Why Banks Fail

April 21, 2016 James Nolt 0

Last week I promised to talk about capitalism this week, but I will postpone that to discuss why banks fail. Two events prompted the change. […]

What is Capital?

April 14, 2016 James Nolt 0

“Capital” is a very common term in economics. Like many folks, I have referred to the contemporary economic system as “capitalism.” Yet the terms “capital” […]

Valuing Nature and Real Estate

April 4, 2016 James Nolt 0

In the last few columns, I have been discussing value theory, emphasizing the virtues of an objective theory of value as developed by classical political […]

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What is missing from economics?
Private power and strategy.
This time we explore a little deeper two of your key concepts: private power and strategy with Dr. Nolt.
What causes financial crises?
This video explains that financial crises have simple explanations. Economists teach that they are extraordinary and unexpected phenomena, not explicable from normally stable economic processes. We will discuss why this misses an obvious explanation for the regular occurrence of such crises through history.