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Posts By: peter
Extract 1: Keynes’ view of Morality and Economics
Here is a summary of a lecture given by Robert Skidelsky at Boston College, USA in 2001, in which he discussed…
Read MoreExtract 2: The Wealth of Nations – self-interest
Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is…
Read MoreExtract 3: Was Adam Smith really arguing for self-interest?
Was Adam Smith a Libertarian? by Paul Mueller Paul Mueller introduces a series of posts about Adam Smith, giving a broad…
Read MoreExtract 4: What does Marginality really mean?
In this blog, we explain how marginality can be applied to anything – even the marathon runner. “Marginal” behaviours are as…
Read MoreExtract 5: Economic Rationality and the Idea of the Common Good
The Postcapitalist paradigm – Daiber and Houtart ed. Common Good 2009 UN Stiglitz commission created a Universal Declaration of the Common…
Read MoreActivity: Draw a Production Possibility Frontier
Draw a production possibility frontier. The vertical axis shows the production of public sector goods and the horizontal axis shows production…
Read MoreActivity: Production Possibility Frontier Worksheet
Production Possibility Frontier – Worksheet Draw a production possibility frontier. The vertical axis shows the production of public sector goods and…
Read MoreActivity: Opportunity Cost and Tuition Fees
Over the past ten years, university students have come under increasing financial pressure. For the previous 40 years, the government paid…
Read MoreActivity: Opportunity Cost and the Copenhagen Consensus
Opportunity Cost: The Copenhagen Consensus ‘If the world decided to spend $50 billion on improving global welfare, which projects should…
Read MoreArticle 1: Paul Krugman on the Failure of Economics
On Wednesday, I wrapped up the class I’ve been teaching all semester: “The Great Recession: Causes and Consequences.” (Slides for the…
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