BlackEconomics.org® Introduction To know, to know fully, implies that correct action is possible in response to what is known. In Black America’s case, there is widespread and general knowledge of our “condition”—statistics even—on many fronts. This “knowledge” begs the question: Why do we not do more to improve our condition? The latter question sheds light […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
Stop Coloring Within the Lines: Don’t Miss Oppenheimer’s Messages
BlackEconomics.org® One of our most vivid memories of early elementary school is being pleasantly exuberant about having crayon colored a map of the African Continent, only to be told that the effort was subpar because there was “coloring outside the lines.” At a later point, there was a seemingly applauding comment by a teacher’s assessment […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
From 100 to 66 in 60 Years
BlackEconomics.org® Risk lovers among us may be partial to “2 second cars” that accelerate from 0 mph to 60 mph in just 2 seconds. During our 1960s youth, we were thrilled and felt chills just walking alongside the driver side of a Chevrolet Corvette, Ford Thunderbird, or Buick Riviera and viewing the first speedometers of […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
The Irrelevance of Adam Smith’s TMS
BlackEconomics.org® An especially important European philosopher-economist (the so-called “Father of Economics”), Adam Smith (1723 – 1790), is introduced to economics students early in their study. No doubt, his contributions to knowledge about economics are foundational, extraordinary, and indelible. His theoretical elaborations of the “market,” the “invisible hand” concept, “value,” “price,” “saving and investment,” and “growth” […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
Third Annual National Black Cleanup Day on May 25
The Third annual NATIONAL BLACK CLEANUP DAY (NBCD) WILL occur on May 25, 2024. The goal of the NBCD is to institutionalize the concept of pristine black communities across the length and breadth of America. This is an initiative that is long overdue. While we are in constant search for solutions to the myriad problems […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
The PBC and You
BlackEconomics.org® What is the PBC? Economist and 2018 Nobel Laureate William Nordhaus is an early theorizer about the political business cycle (PBC), which he concluded arises because “voters care about the economy and politicians care about power.”(1) The notion is that politicians will act to ensure favorable conditions (especially economic conditions) leading up to elections […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
Can Statistics Help Pay the Black American (Afrodescendant) Reparations Bill?
BlackEconomics.org® Introduction The purpose of this report brief explores whether and how statistics can help pay the Black American (Afrodescendant) Reparations bill should the nation ever agree to such a payment. To clarify, we support the following outcomes: Development of a comprehensive Reparations value; as the most culpable party, the US Government should pay that […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
Headline Thoughts No. 2
BlackEconomics.org® “Headline Thoughts” reflect our contemplations of, and conclusions about, recent, and important media/press headlines from a Black American economic perspective. Nearly by definition, bad news is good news because it sells. Below, we consider certain “good” news after a brief meditation on—of all things—newspaper cartoons. Questions Do our lettered generations read printed newspapers and […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
Can Crime Pay the Black American (Afrodescendant) Reparations Bill?
BlackEconomics.org® Self-conceit may cause humans to think, speak, and decide prematurely without sufficient and careful consideration. We imagine ourselves more knowledgeable than we ought to think. Pointing the finger at self, a guilty plea is entered here. Case in point: Certain opposing individuals and groups reject out of hand the Reparations idea. Fundamental economic principles […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
Responses to Questions about a Path to Economic Equality
BlackEconomics.org® On April 5, 2024, BlackEconomics.org released a commentary entitled “Questions about a Path to Economic Equality,” which featured nine interrogatives. The promised responses are provided below. There appears to be no major violation of logic or pragmatism to accept equivalent Black and Non-Black American economic statistics as a reasonable metric for defining economic equality. […]
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