Political Economy Political Economy 14: The Rich and the Poor 13 Jul 201913 Jul 2019 1. Recently, Pope Francis gave a speech to the UN assembly, highlighting the gap between the rich and the poor and the need to take care of the latter. The…
Political Economy Political Economy 13: Capital – Part II – Distortion 6 Jul 201913 Jul 2019 1. As mentioned on previous posts, Political Economy saw a distortion of its teaching by the academics that taught it: they dubbed land as capital! This post will examine this…
Political Economy Political Economy 12: Capital – Part I 24 Jun 201913 Jul 2019 1. Capital is any form of wealth which is used to produce additional wealth. Many wrongful ideas have been spread about capital. A serious mistake is the general belief that…
Political Economy Tax Reform – Part II 16 Jun 201913 Jul 2019 1. It is not hard to see that the same confusion that holds in Economicsholds true in taxation also. At the time of writing (Feb 2012), the Greek finance…
Political Economy Tax Reform – Part III 16 Jun 201913 Jul 2019 1. On November 27th, 1993, the Financial Times published an important article by John Plender, where all the major problems of the modern taxation system were raised, highlighting the need for…
Political Economy Tax Reform – Part I 16 Jun 201913 Jul 2019 1. A subject frequently talked about in our country (Greece) is tax reform, which is not surprising since the taxes here change faster than seasonal fashions. At the time of…
Political Economy Capitalism and Rent-Seeking, Part II 16 Jun 201913 Jul 2019 1.Let us continue dismantling the bad reputation that “capital” has by examining another aspect of “capitalist profit” which is economic rent. Economic rent is, as has been mentioned before, the…
Political Economy Capitalism and Rent-Seeking, Part I 16 Jun 201913 Jul 2019 1. Very few people, even among academics, professionals and economists of all kinds, or well-educated people, understand the difference between the concepts of capitalism and rent-seeking. All will have some…
Political Economy Political Economy 11: Property 5 May 201913 Jul 2019 1.Property is usually divided into two categories: moveable property and real estate (also known as real property or chattel in the UK). In moveable property one finds items such as…
Political Economy Political Economy 10: Land Enclosures 27 Apr 201913 Jul 2019 1. By the year 1900, all land had been enclosed everywhere: it was a complete state of private ownership. Today, it is sold and bought just like any product of…
Teaching Astronomy 