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Economics Reimagined

Rick Teller

Related somehow to my recently published book "Economics Reimagined: Nature, Progress, and Living Standards", which shows the overlooked mechanisms in free markets that benefit the poor more than the rich.

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Latest Issues

Are Unemployed Threshers Still a Problem?

This detail from American artist Grant Wood’s Dinner for Threshers reminds us of just how labor intensive farming used to be. What threshers did was to physically beat the crop, after it had been cut and dried, to separate the wheat from th...

4 months ago
5
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Surprising the Progressive Time Traveler

The US economy was generally prosperous in the late 1800s. Business was risky, however, because the communication systems we have today didn’t exist, so it was easy for a company, usually not really sure until too late whether what customer...

5 months ago
6

The Self-Licking Ice Cream Cone Fund

I’m old enough to have taken finance courses and had stock market related jobs before the 1973 publication of Burton Malkiel’s popular and immensely influential book, A Random Walk Down Wall Street.

Malkiel argued that it is just too hard...

9 months ago
8
1

Political Consolation Prize

Don’t be upset if your side loses. There is a great consolation prize coming your way.

Many people believe it is of utmost importance that their favored candidate win next week’s election and their party make big gains in Congress. Roughly...

2 years ago
4

But What Happens Next?

Anyone interested in Austrian Economics will run into the works of the French journalist and early theorist Frederic Bastiat (1801-1850.) He’s most famous for his Broken Window Fallacy (link) from his essay “What is Seen and What is Not See...

2 years ago
6

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  • Rick Teller

    Philly native, Wharton School and Harvard MBA alum. Former Philly and Boston stockbroker. Now a retired private investor, board member, and music enthusiast. Splitting time between Boston and Tucson with my wife, Kathleen.

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