March 19, 2010
Economic Truth
Economics is not engineering. Nor is it a "science" insofar as economics deals with questions of distribution. Formerly — in the nineteenth century — normative values provided a cornerstone of the theory of political economy; methods of ethics should be added back into the mix of today's overly mathematized discipline. To consider some specifics as well as some generalizations I turned to the Financial Times columnist John Kay. It was an honor and a great pleasure. Total runtime fifty four minutes. Novus Ordo Seclorum.
Comments
Hi George,
Enjoyed listening to your interview of John Kay and am considering a response, however, thought I would pass along the link to this article in the Daily Mail concerning Tony Blair (new world order player?):
Blair's fight to keep his oil cash secret: Former PM's deals are revealed as his earnings since 2007 reach £20million
By Jason Groves
Last updated at 7:46 AM on 19th March 2010
http://www.dailymail.co.uk/news/article-1259030/Tony-Blairs-secret-dealings-South-Korean-oil-firm-UI-Energy-Corp.html
I had previously read that Blair had secured a high-pay position at J P Morgan investment bank, however that position reflects a mere pittance of the riches he has accumulated since retiring as PM. I wonder whether these events may be in some way be related to why the fellow David Kelly was done in (suicide?) — Who could even hope to guess as the Brits are so good at keeping secrets.
Posted by: William Wilson | March 19, 2010 11:45 AM
Hi George,
I really enjoyed this interview with John Kay. Well done!
Euro zone is not EU. What's good for Wall Street is not necessarily good for business. And John's comments about pursuing happiness — so true!
Tom.
Posted by: Tom Rudolf | March 25, 2010 9:51 AM