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Category: Macroeconomics

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The Market Roots of a Homegrown Meal – by Dr. Cecil Bohanon and Dr. John Horowitz
- Macroeconomics
April 30, 2025 by christianhartselle
There is something very satisfying about food from one’s own home garden. The gardener enjoys the produce of his own hands. He escapes the dreary dependence on others and achieves a sense of independence and self-reliance. Bohanon reveled in that feeling last weekend when he harvested eight pounds of mustard greens from his small garden […]

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Exact economic estimates merit your skepticism – by Dr. Cecil Bohanon and Dr. John Horowitz
- Macroeconomics
April 30, 2025 by christianhartselle
In his new book, Economist Russ Roberts writes about tame and wild problems. Tame problems are well-defined and predictable, and wild problems are loosely defined and unpredictable. The moon landing was a tame problem. Though it was difficult, it was a defined and predictable use of science, engineering, and rational thought. Wild problems are problems […]

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This Thanksgiving, there’s plenty to be grateful for – by Dr. Cecil Bohanon and Dr. John Horowitz
- Macroeconomics
April 30, 2025 by christianhartselle
During the dark days of the Civil War and while probably experiencing depression, Abraham Lincoln declared a day of Thanksgiving for the bounties and blessings Providence provided. Many countries and cultures have harvest festivals and thanksgiving feasts to express thanks. Philosophers, religious leaders, and scientists throughout the ages have discussed how gratitude is important for […]

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