Make Markets News Today

This year marks the 150 th anniversary of a radical change in the way economists came to understand the logic of human decision-making and the formation of prices in society. There occurred what is often referred to as the “marginalist revolution” in place of the classical economists’ notion of a “labor theory of value,” which was generally accepted from the time of Adam Smith. In 1871, there appeared two books, Carl Menger’s (1840-1921)  Grundsätze der Volkswirtschaftsliche, (or...

For the public, to help these markets function more effectively, and thats what im focused on. >> conservatives would ask whether we need -- why do we need another federal agency? yet another federal agency to "make markets function effectively?" >> well, we never had a federal agency that had that job. it was kind of broken out among 7, 8 agencies, which meant nobody focused on it. we had the mortgage market which led to the financial meltdown. we know how badly that hurt so many americans, man...

There are many things we didnt talk about. we had 17 people on the stage. a broad cross section. private sector, academics, nobel prize winner. there is a triangle, house bill, senate plan, administration bill. we need nowhere inside that triangle and people stood on that stage together today saying weve got to move that triangle to a place that serves the american people. >> make markets, be markets.org. >> we will talk to you soon. lets do this dig list quick and dirty. the bad news, suicide b...