Category Archives: Economics

When Dollars Meet the Grizzly Bear Spirit

When most people hear the word economics they think of money.  I remember visiting a local Maine historical society and the excitement the caretaker felt when he learned that I was an economist.  He immediately assumed that I would want to see their collection of 19th Century currency in circulation in Maine.  I did not. […]

Actually, A National Energy Tax Would Be Good for Maine

In this season of interminable political ads, one Bruce Poliquin TV ad berates his opponent Emily Cain for supporting a “national energy tax.”  The ad says such a tax would be bad for Maine.  I do not know whether Emily Cain supports a national energy tax or not, but I do.  Contrary to the Poliquin […]

Must Economic Growth Continue?

I recently suggested that one solution to the crisis of our age is a shift in economic paradigms to one called Sustainable De-growth.  To understand fully the implications of de-growth, we need to see where the phenomenon of growth comes from.  A new book by Swiss economic historian Matthias Schmelzer provides deep insights into the […]

The Crisis of Our Age – Part III: Sustainable Degrowth

By the middle of the 20th Century the world had endured two world wars and a global economic depression unprecedented since the beginning of the Industrial Revolution.  With the defeat of various forms of Fascism in World War II, Soviet and Chinese forms of Communism vied with Democratic Market Capitalism to dominate the social and […]

Economic Concepts You Should Know: Rent Seeking Behavior

It is common for politicians and media writers to speak of a dichotomy between free markets and government regulation.  Proponents of free markets argue that they create economic opportunities and generate efficiency in the overall economy.  Those favoring government regulation believe it creates economic fairness, worker rights, or environmental protection.  The reality is that the […]