Jedi Economics

In economics, there are no absolutes. Economic thinking can be an honest inquiry into the how humans interact with each other, or it can become an ideological club used to beat others into submission. You decide.

Friday, April 10, 2015

Another example of the triumph of the market mentality

What a difference fifty or sixty years makes · Stewardship : in the late 1950’s and through the 1960’s o Emphasis wa...

Wednesday, April 1, 2015

Isn't human behavior more than maximizing utility subject to income constraints?

Of what may we be sure? Possible foundations for an understanding of economic behavior (and human behavior in general) I. ...

Thursday, April 11, 2013

Economics - Science?

I have been questioning lately the idea of "science", especially with respect to the idea of "social science". Economi...

Thursday, November 8, 2012

Live Stream Video | Economics Teaching Conference | South-Western

Live Stream Video | Economics Teaching Conference | South-Western

Tuesday, April 17, 2012

Do we really need the SEC?

You know, every time I have to teach about the Efficient Market Hypothesis, I cannot help but wonder why we still have the Securities and Ex...

Saturday, March 24, 2012

Should the healthcare sector be based upon a free market model?

The quest has been for the medical care sector to be based upon a market model. That would mean that patients ought to be treated as cus...

Friday, March 9, 2012

The "Law" of Demand?

Has anyone really stopped to critically examine the idea of the "Law of Demand"? Now we are not asking about questioning that the...

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About Me

D Marshall Meador, PhD: After receiving a MA in Economics at the University of Missouri-Columbia in 1982, I went through two doctoral programs in Economics (is that rational?). The first time was at Duke University where I finished all the course work and passed two of the three economics comps before leaving, but never wrote the dissertation nor finished the degree. About 18 years later I enrolled in the Interdisciplinary PhD program in Economics at the Univ. of Missouri-Kansas City, took all the classes, sat for comps in four fields instead of one (economics, econometrics, social science, and political science), and finally wrote the dissertation. I have thus seen, on an intimate level, both worlds of economics: the traditional, orthodox, American Economics Association approved, and Chicago-influenced world as taught at Duke in the mid-1980’s; and the non-traditional, heterodox, Post Keynesian and Veblenian influenced world as taught at UMKC since the 1950’s. Between those two bouts of doctoral studies, I was Vice President & Manager of Equity Research for Scout Investment Advisors. For a brief time at SIA, I was also the Chief Economist.

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